Coast Guard News

November 18, 2020
UK Prime Minister Boris Johnson has released a £12 billion plan for a ‘green industrial revolution’ that is expected to support up to 250,000 jobs.... [Read More]
November 18, 2020
The Nordic energy company Gasum has extended its LNG bunkering services to the ARA region with its new deal with Equinor. ... [Read More]
November 18, 2020
A total of 41 Indian seafarers have been stranded on two ships for months unable to dock in Chinese ports and carry out crew changes amid heated tensions between the governments of China and Australia. The seafarers got in the middle of a debate between the two countries exacerbated by the calls from Australia for an independent inquiry into the origins of the coronavirus. In response, Beijing reportedly imposed trade embargos on Australia, targeting coal, one of Australia’s key exports, the AFP writes.... [Read More]
November 18, 2020
Danish container shipping major A.P. Moller – Maersk managed to grow earnings and cash flow in the third quarter of this year, despite the negative effect of the COVID-19 pandemic on global economies. ... [Read More]
November 18, 2020
The International Maritime Organization (IMO) has approved a number of measures aimed at cutting the shipping sector’s carbon emissions in the next decade. The measures adopted at the IMO’s Marine Environment Protection Committee (MEPC) taking place virtually from 16-20 November included amendments to the International Convention for the Prevention of Pollution from Ships (MARPOL) to strengthen the “phase 3” requirements of the Energy Efficiency Design Index. ... [Read More]
November 18, 2020
NextDecade Corporation has selected Great Lakes Dredge & Dock Corporation to perform essential improvements to the Brownsville Ship Channel.... [Read More]
November 17, 2020
Technology company ABB has secured an order worth around $150 million to deliver a comprehensive scope of technologies to power next-generation cruise ships being built by Italian shipbuilder Fincantieri As informed, ABB will equip five newbuild vessels with Azipod electric propulsion, which is said to reduce fuel consumption on board.... [Read More]
November 17, 2020
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November 17, 2020
Norwegian shipowner Grieg Star has set up a separate company, named Grieg Edge, to drive innovations within sustainable maritime services.  As informed, the new subsidiary has already taken over the practical follow up of Grieg Star’s participation in the Zero Emission Energy Distribution at Sea (ZEEDS) initiative that envisions making zero-emission fuels available to the shipping industry. ... [Read More]
November 17, 2020
Japanese engineering major Mitsubishi Heavy Industries (MHI) is set to issue a $239 million (JPY 25 billion) green bond on November 24 as it aims to raise funds to support the decarbonization challenge. MHI revealed its green bond issuance plans at the end of October saying the funds raised would target investments in existing or new renewable energy and clean energy businesses and projects related to wind power, hydrogen, and geothermal power systems. ... [Read More]
November 17, 2020
The Bureau International des Containers (BIC) and the Digital Container Shipping Association (DCSA) said they have completed their collaboration to standardize the codes used to identify facilities such as depots, container yards, M&R vendors and other supply chain container facilities. ... [Read More]
November 17, 2020
Hong Kong-listed China Development Bank Financial Leasing is buying six vessels from German shipowner Oldendorff Carriers GmbH & Co for $137 million. The vessels include six 60,000-ton bulkers, CDB Leasing said, adding that upon the completion of the transaction the vessels would be leased back to Oldendorff. CDB Leasing plans to finance the purchase from its own funds and/or commercial bank loans. ... [Read More]
November 17, 2020
Scorpio Bulkers Inc. has entered into agreements with two unaffiliated third parties to sell five Kamsarmax bulkers for a total of $101.5 million. The ships that will be changing hands are the SBI Parapara, SBI Jive, SBI Swing and SBI Mazurka, Kamsarmax bulk carriers built in 2017, and SBI Reggae, a Kamsarmax bulk carrier built in 2016. Scorpio said the delivery of the vessels is expected to take place in the first half of 2021. ... [Read More]
November 17, 2020
Five crew members have been kidnapped by pirates from a Ghana-flagged vessel in another incident in the Gulf of Guinea. The 1,700 dwt cargo vessel, identified as Am Delta, was boarded some 44 nautical miles south of Brass, Nigeria, on 16 November, Dryad Global informed. The ill-fated ship is operated by Ghana-based Adom Mbroso Water Transport, according to data provided by VesselsValue. ... [Read More]
November 17, 2020
Korean shipbuilding heavyweights have amassed over $1.06 billion in crude carrier orders in a single day having reported shipbuilding contracts for a total of 13 newbuilds. Korea Shipbuilding & Offshore Engineering has won orders for ten 300,000 ton very large crude carriers (VLCCs) worth $890 million (KRW 985.7 billion), the shipbuilder said on Tuesday. The company’s Hyundai Heavy Industries brand will be in charge of building seven VLCCs, while Hyundai Samho Heavy Industries has been entrusted with building three VLCC units.... [Read More]
November 16, 2020
Quality Liquefied Natural Gas Transport (QLNG) said its newly built 4000-cbm LNG articulated tug and Barge has completed sea trials. ... [Read More]
November 16, 2020
The Gothenburg Port Authority wants to cut carbon emissions at the port by promoting the use of greener construction equipment and methods in future construction projects. The port announced plans to include new procurement stipulations for selected contracts in order to cut carbon emissions at the port.... [Read More]
November 16, 2020
Energy and commodity pricing service Argus has agreed to share its database of ammonia terminals with DNV GL’s Alternative Fuel Insight online platform, a website that provides information about and promotes the use of alternative fuels. Green ammonia is emerging as a possible future fuel in the shipping sector, supported by shipowners’ efforts to identify alternatives to fossil fuels to meet growing environmental concerns. ... [Read More]
November 16, 2020
The European Commission has added new yards to the European List of ship recycling facilities suitable for the dismantling of EU-flagged vessels in an environmentally-friendly way. These include two European yards and two more yards in Turkey. “With the addition of these new yards, ship owners of EU-flagged vessels will now have a wider range of choices to get their vessels dismantled in the future,” the Commission said. ... [Read More]
November 16, 2020
The European Commission has added new yards to the European List of ship recycling facilities suitable for the dismantling of EU-flagged vessels in an environmentally-friendly way. These include two European yards and two more yards in Turkey. “With the addition of these new yards, ship owners of EU-flagged vessels will now have a wider range of choices to get their vessels dismantled in the future,” the Commission said. ... [Read More]

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