Trump Seals Icebreaker Deal
U.S. President Donald Trump and Finnish counterpart Alexander Stubb sealed an agreement on Thursday for the U.S. Coast Guard to acquire up to 11 icebreaker ships to bolster U.S. national security in the Arctic.Trump and Stubb have established friendly ties since Trump regained power in January, and the two met in March at the president's Mar-a-Lago club in Florida and played a round of golf.The two…
ExxonMobil to Deliver LNG Bunkering Services
ExxonMobil is entering the LNG marine bunkering market, initially with two LNG bunker vessels, marking an important step in its efforts to help reduce greenhouse gas (GHG) emissions from the maritime sector.The first vessel, chartered from Avenir LNG, is scheduled for delivery in the first quarter of 2027, followed by a second vessel from Evalend Shipping in the fourth quarter of 2027.ExxonMobil is…
GTT Receives Tank Order from Hanwha Ocean
GTT has received an order from its partner the shipyard Hanwha Ocean for the tank design of a new LNG1 Carrier, on behalf of a North America-based ship-owner.The vessel will be equipped with cryogenic tanks designed by GTT for the transport of LNG, offering a total capacity of 174,000 m³. These tanks will incorporate the NO96 L03+ membrane containment system, a technology developed by GTT.Delivery of the vessel is scheduled for the second quarter of 2028.
Corvus Energy Secures Growth Capital
Energy storage system (ESS) supplier Corvus Energy has secured a $60 million growth capital injection from a group of blue-chip international investors. Morgan Stanley Investment Management led an investor consortium that includes Just Climate and J. Lauritzen.Founded in 2009, Corvus Energy has pioneered maritime ESS and today supplies more than half of the world’s zero-emission vessels. The company has delivered over 1,300 hybrid or all-electric ESS installations worldwide.
A Step Forward for Direct Air Capture
Like new fuels and onboard carbon capture, direct air capture (DAC) needs to be scaled up to become an effective decarbonization pathway.This week, German shipowner NSB Group demonstrated its willingness to step forward by entering into a partnership with Phlair, a German direct air capture company.The CO2 removal credits will be produced by capturing CO2 from the atmosphere at Phlair’s direct air capture facility “Dawn” and permanently storing it underground.
US Imposes Sanctions on Oil Refineries and Purchases
The U.S. imposed sanctions on about 100 individuals, entities and vessels, including a Chinese independent refinery and terminal, that helped Iran's oil and petrochemicals trade, the administration of President Donald Trump said on Thursday.The Treasury Department sanctioned the Shandong Jincheng Petrochemical Group, which it said is an independent teapot refinery in Shandong Province that has purchased…
USA, Finland to Reach Icebreaker Deal
U.S. President Donald Trump and Finnish counterpart Alexander Stubb will meet on Thursday at the White House tosign a pact for the U.S. Coast Guard to buy up to four icebreaker ships from Finnish shipyards, the White House and Stubb said.Trump and Stubb have established friendly ties since Trump regained power in January, and the two met in March at the president's Mar-a-Lago club in Florida and played…
Book Release: New Edition of Advanced Electrotechnology for Marine Engineers
Christopher Ralph Lavers and Edmund G. R. Kraal have released a new edition of their volume 7 book, Advanced Electrotechnology for Marine Engineers - Reed's Marine Engineering and Technology Series. Copies can be purchased here.
Global Shipping Industry Reaffirms Support for the IMO Net Zero Framework
Leading international maritime associations and organisations have reiterated their strong support for the adoption of the “Net-Zero Framework” at the IMO Marine Environment Protection Committee next week (October 14-17) by the world’s governments at the UN International Maritime Organization (IMO). The global industry remains committed to working collaboratively with IMO Member States to successfully implement this regulatory package for achieving net zero GHG emissions by or close to 2050…
Century Cruises Enters European Market with New River Cruise Vessel Under Construction at Concordia Damen
Concordia Damen, a Werkendam-based shipbuilder, has commenced construction of a new River Cruise vessel for Century Cruises, one of China’s leading river cruise operators. The vessel has been developed in partnership with United Waterways, and marks Century Cruises’ official entry into the European river cruise market.The hull of the vessel, to be named Century Star, has recently arrived at Concordia Damen’s yard in Werkendam for outfitting. Delivery is scheduled for June 2026.
BIMCO Adopts Methanol Bunkering Annex
The Documentary Committee of BIMCO has adopted a Methanol Annex to its Bunker Terms 2018. The annex is the latest addition to the BIMCO portfolio of contracts and clauses that support the maritime industry’s transition towards alternative fuels and decarbonization.The annex introduces new definitions to reflect ongoing developments in the bunkering landscape. It also targets the increasing importance…
Fincantieri’s Ramazel to Supply Rock Laying System for Jan de Nul’s Vessel
Remazel, a company of the Fincantieri Group, has signed a contract with Jan De Nul for the supply of mission-critical equipment for a newbuild vessel.The contract covers the design and supply of an advanced system for transporting and laying rocks on the seabed to protect cables and pipelines.The solution developed by Remazel will enable operations at depths of up to 400 meters with a production capacity of 2…
Jan De Nul to Install Export Cables at Taiwan’s Offshore Wind Farm
Belgian marine contractor Jan De Nul has signed a contract with Synera Renewable Energy (SRE) for the installation of export cables on the Taiwanese offshore wind farm Formosa 4.To bring the green energy ashore, Jan De Nul will transport, install and protect 60 kilometers of subsea cables.According to the company, it was also selected as the preferred contractor for export cables on SRE’s wind farm Formosa 6…
Exploring the Evolution of Ship Management at Maritime Cyprus 2025
The “Maritime Cyprus 2025” Conference featured a panel discussion, titled “Safeguarding Shipowners in a Rapidly Changing Environment”, organized by the Cyprus Shipping Chamber.Speakers included:Mark O’Neil (Columbia Group)Sebastian von Hardenberg (Bernhard Schulte Shipmanagement)Dieter Rohdenburg (InterMaritime Shipmanagement) and Jan Meyering (Marlow Navigation) Topics included decarbonization, digitalzation…
Japan's Sake Brewing Moon Shot ... Literally
DASSAI MOON Project, the World's First Test Brewing of Sake in SpaceLaunch of space brewing equipment from Tanegashima on October 21The space brewing equipment jointly developed by Mitsubishi Heavy Industries, Ltd. (MHI) and DASSAI Inc., a sake company based in Iwakuni City, Yamaguchi Prefecture, and ingredients will be launched by the Japan Aerospace Exploration Agency (JAXA) for the DASSAI MOON Project, a project to brew sake in space.
ADNOC L&S, TA’ZIZ Ink Deal to Build UAE’s First Dedicated Chemicals Port
ADNOC Logistics & Services (ADNOC L&S) and TA’ZIZ have signed a 50-year strategic agreement to establish United Arab Emirate’s first dedicated chemicals port at the TA’ZIZ Industrial Chemicals Zone in Al Ruwais, supporting the country’s industrialization and chemicals expansion goals.Under the agreement, ADNOC L&S will build, own and operate the $300 million port, while TA’ZIZ will use the facility to export chemicals and derivatives efficiently.
Mitsubishi Shipbuilding Christens Car Ferry HAMANASU
Second of Two Large Car Ferries Ordered by Shinnihonkai Ferry and Japan Railway Construction, Transport and Technology Agency Second ferries in Japan to use a buttock-flow stern hull and ducktail design, providing energy savings of 5% Delivery scheduled for June 2026, planned to go into service between Otaru and MaizuruMitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group…
