Ocean Network Express (ONE) and Seaspan Corporation (Seaspan) have established OneSea Solutions which is headquartered in Singapore and focused on technical ship management and maritime talent development. OneSea is jointly owned and operated by ONE and Seaspan,...
Maritime business news
NEW BIMCO APPOINTMENT TO AID PATH TO DECARBONISATION
BIMCO has appointed Stinne Taiger Ivø, previously Director of Contracts and Support, as BIMCO Deputy Secretary General. As part of the leadership team, Ivø will be representing one of the major business areas at BIMCO, Contracts and Clauses, as the shipping industry...
HMM LAUNCHES GHG CALCULATOR TO ENCOURAGE LOW-CARBON FUEL USE
South Korean ship operator HMM has announced the launch of the Supply Chain Carbon Calculator, which allows customers to enhance their carbon footprint visibility across the entire logistics journey. The new digital platform provides customers with analytical data on...
NEW FINANCE SUPPORTS SEATRIUM’S GREEN EFFORTS
Seatrium, the Singapore-based company formed by the joining together of the former Sembcorp and Keppel O&M, has secured green trade finance and sustainability-linked facilities exceeding S$ 2bn to augment its sustainability efforts and green investments in the...
CMB.TECH TO BE ACQUIRED BY EURONAV
Antwerp-based tanker operator Euronav has entered into a share purchase agreement for the acquisition of 100% of the shares in CMB.Tech for a purchase price of US$ 1.15bn. CMB.TECH is a diversified cleantech maritime group, which builds, owns, operates and designs...
INTERMANAGER HIGHLIGHTS CHALLENGES AHEAD
InterManager president Mark O'Neil, CEO Columbia Group, says that ship managers can look back on some notable successes but need to anticipate the challenges ahead in 2024. O'Neill sad: "Geopolitical unrest has impacted ship operations throughout 2023 and will no...
MITSUBISHI LOOKS AT DEPLOYING AMOGY AMMONIA TECHNOLOGY IN ASIA
Mitsubishi Corporation and Amogy are forming a strategic partnership that will focus on accelerating the adoption of Amogy’s ammonia-to-power and ammonia cracking technology in large-scale hydrogen carrier applications in East Asia, particularly Japan and South Korea....
SHIP FINANCE KEEPING UP WITH DECARBONISATION GOALS, SAYS POSEIDON PRINCIPLES
The 2023 annual report from the Poseidon Principles marks the fourth time that the signatories to the Principles have reported their climate alignment. In September, just a few weeks after the adoption by the IMO of its revised GHG, all of the signatories in the...
CASH INJECTION FOR ALTERNATIVE MARINE FUELS SUPPLIER
Titan Energy Holding, the parent company of Titan Clean Fuels, has closed a successful funding round for a 45% equity stake with further follow-on rights from Molgas Energy, backed by infrastructure fund investor InfraVia Capital Partners. Molgas is involved in...
ABB AND WALLENIUS COOPERATE IN FLEET SUPPORT CENTRE
ABB and shipping company Wallenius Marine have opened the doors of the first Oversea Fleet Support Centre, said to offer a major milestone in their collaborative strategy to help shipping companies improve environmental, technical and voyage performance. One of the...
EU ETS WILL ‘COST THE SHIPPING INDUSTRY BILLIONS’ – ITIC
International Transport Intermediaries Club (ITIC) has forecasted that the cost of the European Union’s Emissions Trading Scheme (ETS) to the shipping industry could be in the billions. The extended EU ETS, which comes into force on 1 January 2024, will set an annual...
MOL AND MAERSK SAY GREEN FUEL PRICE DIFFERENTIALS MUST BE NARROWED
Mitsui OSK Lines (MOL) and A.P. Moller-Maersk have issued a joint statement at COP 28 on the decarbonisation of the shipping industry. The statement looks at bridging the price gap between clean alternative fuels and fossil fuels, which both companies regard as key to...
GTT SIGNS COOPERATION AGREEMENT WITH CSSC
French liquefied gas membrane containment system company GTT has signed a strategic cooperation agreement with China State Shipbuilding Corporation (CSSC). The agreement provides for cooperation between GTT and 12 subsidiaries of the CSSC conglomerate, notably in ship...