A fifth of ships ordered over the last 12 months will operate on alternative fuels when they are commissioned, according to figures from DNV.
Abu Dhabi-based clean energy company Masdar and French shipping major CMA CGM have signed a strategic supply partnership (SSP) to explore opportunities for long-term green maritime fuels offtake contracts.
Neptune Lines is further expanding its fleet through the Genesis Project and is to build two more LNG-fuelled PCTCs from China’s Fujian Mawei Shipbuilding.
Greek shipowner TMS Cardiff Gas has inked a long-term contract with Singapore shipyard group Seatrium for LNG carrier repairs and upgrades.
Greece is seeking a leading role including taking command of the forthcoming EU naval mission in the Red Sea aimed at safeguarding ships from attacks by Yemen’s Iran-backed Houthi militia.
Okapi Supply Trading Advisory has acquired Oslo-headquartered Yara Marine Technologies (YMT) as it expands its maritime solutions portfolio.
Euronav’s fourth quarter results for 2024 show the first of two cash injections from its $2.35bn fleet sale to Frontline.
Container carriers have shifted to a much greater proportion of owned tonnage in the newbuild ordering spree in the past few years but whether that will reduce costs versus chartered-in tonnage remains open to question.
CSSC Qingdao Beihai Shipbuilding have inked retrofit project to install methanol propulsion on a CMA CGM container ship.