WFW and Hogan Lovells Advise on Hapag-Lloyd Green Ship Finance
Watson Farley & Williams (WFW) and Hogan Lovells jointly advised on three separate green ship financing transactions with an aggregate value of over $1.5 billion.All three transactions, one of which was secured by Chinese ECA Sinosure, were carried out in accordance with the Green Loan Principles of the Loan Market Association. WFW advised arrangers, financing banks and green loan arranger, with Hogan Lovells acting for Hapag-Lloyd.In October 2024…
Divers Investigating Aircraft Debris
Divers from the FBI continue are investigating multiple underwater targets in the Potomac River that could be additional aircraft debris from the collision between a Mitsubishi Heavy Industries (MHI) RJ Aviation (Bombardier) CRJ700 and a Sikorsky UH-60 Black Hawk helicopter.The PSA Airlines Bombardier CRJ700 airplane operated as American Airlines Flight 5342 from Wichita, Kansas, to Reagan Washington National Airport and the US Army helicopter collided at 8:47 p.m.
Ingalls Shipbuilding Fosters STEM at Local Schools
HII’s Ingalls Shipbuilding division has awarded $95,600 in STEM grants to 22 local schools and educational organizations.The aim is to foster innovation and critical thinking among youth. The grants will support a variety of hands-on projects, classroom technology enhancements and STEM-focused curriculums.“STEM education isn’t just about learning formulas or theories — it’s about hands-on experiences that inspire the next generation of critical thinkers…
“External impact” Damaged Russian Cable
An underwater Russian Baltic Sea telecoms cable was damaged by an "external impact," Russia's TASS news agency cited the country's state-owned Rostelecom company as saying on Saturday."Rostelecom's submarine cable was damaged in the Baltic Sea as a result of an external impact some time ago," TASS cited Rostelecom as saying.Restoration work is under way and the incident has had no impact on subscribers so far…
Ship Runs Aground off Sakhalin Island
A district in Russia's Sakhalin region has been put on high alert after a Chinese cargo ship ran aground off the southwest coast of the Sakhalin Island, the governor of the region in Russia's Far East said early on Sunday.The Chinese bulk carrier An Yang 2 is reported to have 20 crew members and 700 tons of fuel oil onboard as well as 100 tons of diesel fuel and 1,000 tons of coal.No fuel spillage was recorded and there was no threat to the crew…
Baltic States Switch from Russian to European Power Grid
The Baltic states of Estonia, Latvia and Lithuania completed a switch from Russia's electricity grid to the EU's system on Sunday, severing Soviet-era ties amid heightened security after the suspected sabotage of several subsea cables and pipelines.European Commission President Ursula von der Leyen hailed the move, years in the planning, as marking a new era of freedom for the region, in a speech at…
Trump Postpones Call with Panama's President
U.S. President Donald Trump has postponed a phone call with Panamanian President Jose Raul Mulino due to last-minute changes in the U.S. leader's agenda, Panama's government said on Friday, amid tensions over U.S. threats to take over the Panama Canal.Panama's foreign office will share details on the new date once it has been coordinated, the government said.Mulino has accused the U.S. of spreading…
Erma First Joins Green Marine Certification Program
Erma First Group has become a member of Green Marine, an environmental certification program for the North American maritime industry. The move is said to be essential to the company’s strategic expansion and reinforces its commitment to environmental responsibility in global markets.Through the partnership, Erma First has gained access to an extensive network of maritime stakeholders, including service…
Fincantieri Delivers First of Two Low-Carbon Cruise Ships to TUI Cruises
TUI Cruises, a joint venture between German TUI Group and Royal Caribbean Cruises, has taken delivery of the first of two liquefied natural gas (LNG) and marine gas oil (MGO) powered cruise ships Fincantieri is building for the shipowner.With approximately 160,000 gross tons, the dual-fuel powered InTUItion-class ship forms the backbone of TUI Cruises’ new fleet.Named Mein Schiff Relax, the ship is…
Wilson Sons Starts Testing Aerial Drone Deliveries at Brazilian Port
Shipping and logistics firm Wilson Sons has started testing drones in the Port of Salvador to make vessel deliveries and pickups. The trials represent the first time the drones have been used to make deliveries in port facilities in Brazil.Speedbird Aero, which specializes in designing, manufacturing, and operating drones, owns the uncrewed aerial vehicles.In 2022, it was the first company to obtain…
Canada Invests Over $17M to Modernize Halifax Port Authority's Infrastructure
The government of Canada has allocated $17.4 million to accelerate the development of the infrastructure at the Halifax Port Authority, most of which will go to the roll out of Halifax – Hamburg green shipping corridor.This investment is aimed at bolstering environmental sustainability and supply chain efficiency while actively supporting decarbonization efforts in the transportation sector and strengthening…
Shipping Organizations Voice Concerns Over Seafarer Safety
The Round Table of International Shipping Associations - which consists of BIMCO, the International Chamber of Shipping (ICS), INTERTANKO, and INTERCARGO - has called for the increase in the awareness of seafarer safety, rights, and treatment outside of the shipping industry.The chairpersons of the world’s biggest shipping industry organizations gathered on February 6 in Athens to discuss topics including greenhouse gas (GHG) reduction and the impact of geopolitics on shipping.
DP World Marks Record 8.3% Growth in Container Handling for 2024
DP World’s ports and terminals handled a record 88.3 million twenty-foot equivalent units (TEUs) in 2024, up 8.3% year-on-year, despite macroeconomic headwinds and concerns over the outlook for global trade.The global logistics business, which now can handle over 100 million TEU across operations in 78 countries, benefitted from long-term infrastructure investment, contributing to strong growth and…
World’s First LCO2 Transport Ship Arrives to Norway
The Northern Pioneer, the world's first commercial liquefied CO2 transport ship, has arrived to Stavanger in Norway, ahead of moving to CO2 receiving facilities in Øygarden for commissioning.The 130-meter-long ship can transport 8,000 tonnes of liqued CO2 and is ready for operations in 2025.Northern Pioneer received blessings from her godmother Tina Bru – a Stavanger citizen and former Minister of…
Research Vessel Discovery and "The Night of Monster Waves"
On the night of February 8, 2000, the crew of the British research vessel, Royal Research Ship (RRS) Discovery, were braced for a storm.Wind speeds had been increasing over the previous night creating conditions no one onboard had ex-perienced before – or would want to experience again.From mid-afternoon on the 8th to mid-morning on the 9th, wave heights were topping 20 m in height and even reached…
Louis Dreyfus, Tidal Transit JV to Supply CTV for French Offshore Wind Farm
LD Tide, a joint venture between Louis Dreyfus Armateurs and Tidal Transit, has been selected to supply a Crew Transfer Vessel (CTV) for the operation and maintenance services of the 488 MW offshore wind farm, being developed by Ocean Winds in France.The new vessel is scheduled to start operations mid-2025 at the Eoliennes en Mer des Îles d’Yeu et de Noirmoutier (EMYN) offshore wind farm.Following an international call for tenders…
Lithuanian Port Goes Forward with Quay Reconstruction for Offshore Wind
Klaipėda Port Authority in Lithuania has signed an agreement for the infrastructure buildout for the offshore wind energy projects, starting with the reconstruction of quays on Smeltė peninsula, which will ensure assembly, handling and transportation of offshore wind turbines.The successful tenderer UAB Tilsta has been tasked with reconstructing the quays at the former International Ferry Port under the $37.9 million contract.As the reconstructed quays will be used for assembly…
Oil and Gas Traders to Seek Tariffs Exemptions from China for US Imports
Oil and gas traders are likely to seek waivers from Beijing over tariffs that the Chinese government plans to impose on U.S. crude and liquefied natural gas (LNG) imports from February 10, trade sources said on Thursday.Shortly after tariffs on China imposed by U.S. President Donald Trump took effect on Tuesday, China's Finance Ministry said it would impose levies of 15% on imports of U.S. coal and LNG and 10% for crude oil as well as on farm equipment and some autos…
GTT Deepens Collaboration with COSCO for Multi-Gas Vessels Development
French engineering firm Gaztransport & Technigaz (GTT), COSCO Shipping LNG Investment (Shanghai) (CSLNG), and COSCO Shipping Heavy Industry (CHI) have signed a strategic cooperation agreement for multi-gas vessels development.The three parties have agreed to carry out an in-depth partnership in the fields of LNG Carriers (LNGCs), Ultra Large ethane carriers (ULECs), Very Large Ethane Carriers (VLECs)…
Ocean Winds Lines Up Cadeler’s Vessel for Work at Polish Offshore Wind Farm
Danish offshore wind installation firm Cadeler has signed a vessel reservation agreement with Ocean Winds for the installation of the wind turbine generators at BC-Wind offshore wind farm in the Polish Baltic Sea.The potential value of the contract to be negotiated during the pendency of the agreement is estimated to be between $49 million and $58 million.Under the vessel reservation agreement, Cadeler…
