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Private Equity Firms Set Sights on Eco-Ships and the Distressed Shipping Market
(Bloomberg) — Carlyle Group LP and Tiger Group Investments’ ship fund is in talks about financing new vessels with five container lines as higher fuel prices spur demand for larger and more efficient...
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Oaktree Capital and Rickmers Partner to Build at Least 8 New Eco-Container Ships
Not to be outdone by their friends in Hong Kong, Los Angeles-based investment management firm, Oaktree Capital, and the Rickmers Group have joined forces to invest in at least eight eco-designed...
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DNV and GL Group Announce Landmark Merger
A merger of international classification superpowers has been announced today. Norwegian classification society Det Norske Veritas (DNV) and German classification society Germanischer Lloyd have agreed...
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Innovative Scrubber System for Canada Steamship Lines Bulker
CSL’s Spruceglen arriving at Beauharnois QC. on a sunny spring morning. (Credit: J. McRae) via CSL Canada Steamship Lines (CSL) has confirmed it has installed and integrated Ecospec’s novel CSNOx...
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Compulsory Fuel-Switching in Hong Kong?
Image: Port of Hong Kong New proposals at the world’s third largest port may require all shippers that pass through the area to switch to low-sulphur fuels. In his latest policy address, the Hong Kong...
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New Suezmax Tanker Quotes 10-15% Fuel Savings
Suezmax tanker AST Sunshine is expected to deliver fuel savings of 10-15% compared to standard tonnage. The tanker, a third generation, fuel-efficient Suezmax, will be employed on the spot market via...
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World’s First Electric Car Ferry Hits the Waves
The 80-meter electric car ferry, ZeroCat. In a boost for zero-emission vessels the “world’s first” electric car ferry has been launched in Norway. The 80-meter electric car ferry called ZeroCat has...
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ABS Grants Energy Management Certifications to Leading Maritime Organizations
HOUSTON – The American Bureau of Shipping (ABS) announced today the certification of several maritime industry leaders for adopting energy management systems. Gaslog LNG Services Ltd., Consolidated...
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European Commission Shows Support for Finnish Low-Emission Ships
EU flags in front of the Berlaymont building, headquarters of the European commission in Brussels. Image (c) Shutterstock/jorisvo The European Commission (EC) has agreed to a Finnish incentive program...
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Power From Exhaust Gas: The Paybacks Of Waste Heat Recovery Systems
Waste Heat Recovery (WHR) systems are a proven technology that enables ship-owners to make better use of existing energy within the vessel’s full combustion cycle. By using waste heat from the...
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Certified LNG Tankers to Pay Lower Port Fees in Rotterdam
Arctic Voyager LNG Carrier, Image: Port of Rotterdam In a first for the industry, tankers transporting LNG will receive discounted port dues at the Port of Rotterdam. The discount of 6% will only...
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Revised Chartering Contracts May Lead to More Efficient LNG Shipping Says Total
Image: NYK New chartering contracts for LNG are key to improving fuel efficiency in the sector, according to an official from French energy company Total. “The current system looks unbalanced” stated...
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Propulsion-Enhancing Fins Installed on Hamburg Süd Containerships
Becker Twisted Fin ® Becker Twisted Fins, designed by Becker Marine Systems, were retrofitted onto seven “Santa” class container vessels of the fleet of liner shipping company Hamburg Sud. Each...
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DSME Delivers Pair of Environmentally-Friendly Suezmaxes for Almi Tankers
Image: Lloyd’s Register Almi Sun and Almi Explorer have been delivered by Daewoo Shipbuilding and Marine Engineering Shipyard (DSME) and have commenced operations. These ships are a further...
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Green Means Lean: Eco-Ships That Deliver
As a new wave of “eco-ships” enters the market, scepticism abounds about whether or not they deliver the benefits that they claim. There is concern that manufacturers and shipyards might be using...
View ArticleDSME Delivers the Eagle Varna, the Latest Eco-Design Supertanker
AET announced today that they have accepted delivery of the Eagle Varna, a brand new 320,000 DWT VLCC recently built by DSME in Okpo, Korea. This new ship comes with all the eco-friendly bells and...
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ABS, Maersk Line, and GasLog Discuss Efficient Shipping
(L-R) Graham Westgarth, Kirsi Tikka, Chris Errington At the Connecticut Maritime Association “Shipping 2013″ conference this week, the American Bureau of Shipping hosted an energy efficiency panel...
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Do Eco-Ships Make Sense?
DNV’s LNG-powered crude oil tanker concept, “Triality,” (c) Det Norske Veritas According to Robert Bugbee, President of Scorpio Tankers, the answer to the eco-ship question can perhaps be found by...
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Wärtsilä and Alfa Laval See Jump in Orders for Emissions Scrubbers
Alfa Laval Aalborg’s PureSOx A jump in scrubber orders for Alfa Laval and Wartsila reflects a general trend of higher uptake of these systems. Finland’s Wartsila has received about 20 orders for...
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Hybrid Eco-Tug Delivered to NYK Line
Tsubasa, image: NYK Line Japan-based NYK Line welcomed a new hybrid tugboat into service at a recent inauguration ceremony at Yokohama Port. The tugboat Tsubasa will primarily assist vessel movements...
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