News

  • Wan Hai orders 12 boxships at JMU January 27, 2021
    Taiwanese shipping line Wan Hai Lines has announced a plan to order twelve 3,013 teu boxships at the newly founded Nihon Shipyard. The ships will be built at Japan Marine United (JMU) and the total value of the order is $565.2m. Wan Hai ordered eight 3,036 teu ships at JMU in 2018, with four of […]
  • KSOE develops digital twin ship technology for virtual ship testing January 27, 2021
    Korea Shipbuilding & Offshore Engineering (KSOE), the shipbuilding holding company of Hyundai Heavy Industries, has announced that it has developed a digital twin ship technology that allows it to test ship operations in a virtual environment. The South Korea shipbuilding major has obtained approval in principle (AIP) from Lloyd’s Register on its the technology. The […]
  • Oldendorff commits to wind propulsion development January 27, 2021
    Germany’s Oldendorff Carriers has signed a joint development project (JDP) with Anemoi Marine Technologies, Lloyd’s Register and Shanghai Merchant Ship Design and Research Institute to develop a wind-assisted propulsion solution for dry bulk carriers. The project is scheduled for completion in 2022, and consists of installing Anemoi’s patented vertical rotors on the deck of a […]
  • Lenders take control of Polarcus vessels after the company defaults January 26, 2021
    Dubai-headquartered seismic shipowner Polarcus has halted all payment of interest and amortisation to its lenders after confirming a payment default under its working capital facility. Polarcus explained that in light of the sustained economic challenges globally, the company had been in discussions with lenders and managed to have an extension of the company’s bank facilities […]
  • Ørsted to utilise three new hybrid CTVs at Ørsted’s Hornsea Two January 26, 2021
    Northern Offshore Services (N-O-S) and MHO-Co have worked together to develop new hybrid crew transfer vessels, three of which will be deployed to help with the construction of Ørsted’s Hornsea Two offshore wind farm. The new vessels will be based at Grimsby, and will carry Z-Bridge’s newly developed motion compensated transfer system Bring-to-Work to allow […]
  • ADES scores new jackup contract in Egypt January 26, 2021
    Egyptian offshore driller ADES International has sealed a new contract for 1981-built jackup rig in the Gulf of Suez. The contract is for six months firm, with the option to extend for an additional six months. ADES says the contract further strengthens its position and revenue visibility in Egypt. The Dubai-headquartered company has a fleet […]
  • Coal carrier queue eases off northern China January 26, 2021
    Chinese buyers of Australian coal are finding new markets to sell their banned substances, helping ease the ship queues in northern China that have stranded more than 1,100 seafarers this winter. Beijing has banned a range of Australian products including coal after Canberra called for an international investigation into the origins of the coronavirus. Many […]
  • Maritime stakeholder initiative launches to resolve the crew change crisis January 26, 2021
    More than 300 companies and organisations have joined forces to help resolve the crew change crisis. The Neptune Declaration on Seafarer Wellbeing and Crew Change is a global call to action to address the ongoing crew change crisis caused by the Covid-19 pandemic. It focuses on concrete actions that can facilitate crew changes and keep […]
  • Quarantining like criminals in a prison camp: Seafarers Happiness Index January 26, 2021
    The latest Seafarers Happiness Index report, published yesterday by The Mission to Seafarers, reveals both the ongoing struggles of the heroes working at sea and how small investments can make a tangible difference to the lives of seafarers. The survey, undertaken with the support of the Shipowners’ Club and Wallem Group, reports on the experiences […]
  • Nicolas Sartini takes leadership role at Yilport January 26, 2021
    Two months since quitting CMA CGM, Nicolas Sartini has reemerged as the co-CEO of a company with close ties to the French liner. Sartini, whose long career with CMA CGM saw him head up APL as well as the company’s terminals division, has been appointed to lead Yilport Holding, along with the Turkish group’s founder, […]
Courtesy Asia Shipping Media Pte Ltd in Singapore - Splash 247