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Japanese shipping giant Kawasaki Kisen Kaisha (K Line) has placed orders for four LNG dual-fuel car carriers aimed at strengthening its short-sea automotive logistics network in Europe. The vessels, each capable of carrying around 1,380 vehicles, will be built by China Merchants Jinling Shipyard (Nanjing) for K Line’s European subsidiary, K Line European Sea Highway …
https://splash247.com/k-line-orders-quartet-of-lng-fuelled-car-carriers-for-european-trades/
https://splash247.com/k-line-orders-quartet-of-lng-fuelled-car-carriers-for-european-trades/Supertanker owner DHT Holdings has returned to South Korea’s Hanwha Ocean for another VLCC, securing a newbuilding slot for delivery in August 2028. The New York-listed company said the vessel will be a sistership to the two VLCCs ordered at Hanwha in 2024 and delivered earlier this year. DHT said the tanker will feature the …
https://splash247.com/dht-returns-to-hanwha-for-fresh-vlcc-newbuild/
https://splash247.com/dht-returns-to-hanwha-for-fresh-vlcc-newbuild/Sandmeyer Steel Company, a producer of stainless steel, nickel alloy, and titanium plate products, has appointed R. Paul Sandmeyer, III as President and Chief Operating Officer.This appointment marks the transition to fourth- generation family…
https://www.marinelink.com/news/sandmeyer-steel-announces-leadership-539938
https://www.marinelink.com/news/sandmeyer-steel-announces-leadership-539938The Maritime and Port Authority of Singapore (MPA) and MSC Mediterranean Shipping Company have signed a Memorandum of Understanding (MoU) to strengthen collaboration in maritime decarbonization, digitalization, innovation, and manpower development.The…
https://www.marinelink.com/news/mpa-msc-advance-sustainable-digital-539939
https://www.marinelink.com/news/mpa-msc-advance-sustainable-digital-539939A combination of contract terminations, spiraling insurance costs and the threat to EPC projects are creating a complex combination of risk for offshore operators in the Middle East Gulf.In its latest HORIZON Monthly Offshore report, MSI notes that…
https://www.marinelink.com/news/middle-east-offshore-sector-faces-539940
https://www.marinelink.com/news/middle-east-offshore-sector-faces-539940A new hybrid, 350-passenger vessel is now in operation at the Port of Los Angeles, the result of a Port-led partnership with Harbor Breeze Cruises, the California Air Resources Board (CARB), and the Port of Long Beach.The Harbor Breeze Cruises’…
https://www.marinelink.com/news/new-excursion-boat-debuts-port-los-539941
https://www.marinelink.com/news/new-excursion-boat-debuts-port-los-539941While environmental, social, and governance (ESG) frameworks are now widely established across the shipping industry, they are not consistently translating into operational performance, according to Lloyd’s Register’s Maritime ESG Benchmarking Report. The ‘Measuring ESG maturity in maritime‘ report, published by LR’s ESG Advisory service, presents findings from the Maritime ESG Maturity Index (MEMI), the industry’s …
https://splash247.com/shipping-industry-falls-short-on-esg-delivery-despite-governance-progress/
https://splash247.com/shipping-industry-falls-short-on-esg-delivery-despite-governance-progress/Trade intelligence and maritime analytics provider Kpler has secured a strategic growth investment of more than $1bn from global investment firm Sixth Street. The Brussels-headquartered company said the minority equity investment will support expansion into adjacent markets, accelerate product development and strengthen its position as a leading provider of physical trade intelligence. Under the deal, …
https://splash247.com/kpler-secures-1bn-plus-investment/
https://splash247.com/kpler-secures-1bn-plus-investment/COSCO Shipping Energy has moved to expand its LNG shipping footprint, ordering four newbuildings at Jiangnan Shipyard in a deal worth around $953m. The publicly listed energy shipping arm of China’s state-owned COSCO Shipping Group said its indirectly owned subsidiary, Future Ocean LNG Investment, signed the contract with Jiangnan for the 175,000 cu m units, …
https://splash247.com/cosco-inks-953m-lng-carrier-order/
https://splash247.com/cosco-inks-953m-lng-carrier-order/Rapidly expanding Greek owner Venergy Maritime is stepping up its move into crude tankers, lining up up to four suezmax newbuildings at China’s Hengli Shipbuilding as its fleet expansion gathers pace. The Piraeus-based company, led by Vyron Vasileiadis, has signed firm contracts for two 158,000 dwt suezmaxes at the Dalian yard, while securing options for …