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Coast Guard News

September 4, 2020
Image courtesy: Stena RORO... [Read More]
September 4, 2020
Dubai-based port and terminal operator DP World and Canada’s insitutional investor Caisse de dépôt et placement du Québec (CDPQ) have announced the expansion of their ports and terminals investment platform through a new commitment of $4.5 billion. As informed, the commitment increases the total size of the platform to $8.2 billion. DP World controls 55 per cent share of the platform, while CDPQ holds the remaining 45 per cent. ... [Read More]
September 4, 2020
Dubai-based port and terminal operator DP World and Canada’s insitutional investor Caisse de dépôt et placement du Québec (CDPQ) have announced the expansion of their ports and terminals investment platform through a new commitment of $4.5 billion. As informed, the commitment increases the total size of the platform to $8.2 billion. DP World controls 55 per cent share of the platform, while CDPQ holds the remaining 45 per cent. ... [Read More]
September 4, 2020
Dubai-based port and terminal operator DP World and Canada’s insitutional investor Caisse de dépôt et placement du Québec (CDPQ) have announced the expansion of their ports and terminals investment platform through a new commitment of $4.5 billion. As informed, the commitment increases the total size of the platform to $8.2 billion. DP World controls 55 per cent share of the platform, while CDPQ holds the remaining 45 per cent. ... [Read More]
September 4, 2020
Singapore-based ship management company  Eastern Pacific Shipping (EPS) has won a deal with BHP to charter five LNG dual-fuel Newcastlemax bulk carriers. The contract is being awarded as part of the tender BHP released in July 2019, seeking vessels to cut greenhouse gas (GHG) emissions by more than 30 percent per voyage. The stringent criteria of the tender included safety, technical and economic factors, as well as a clear demonstration to make a sustainable positive change for the industry.... [Read More]
September 4, 2020
Singapore-based ship management company  Eastern Pacific Shipping (EPS) has won a deal with BHP to charter five LNG dual-fuel Newcastlemax bulk carriers. The contract is being awarded as part of the tender BHP released in July 2019, seeking vessels to cut greenhouse gas (GHG) emissions by more than 30 percent per voyage. The stringent criteria of the tender included safety, technical and economic factors, as well as a clear demonstration to make a sustainable positive change for the industry.... [Read More]
September 4, 2020
Singapore-based ship management company  Eastern Pacific Shipping (EPS) has won a deal with BHP to charter five LNG dual-fuel Newcastlemax bulk carriers. The contract is being awarded as part of the tender BHP released in July 2019, seeking vessels to cut greenhouse gas (GHG) emissions by more than 30 percent per voyage. The stringent criteria of the tender included safety, technical and economic factors, as well as a clear demonstration to make a sustainable positive change for the industry.... [Read More]
September 3, 2020
Classification society DNV GL has presented South Korean shipbuilder Hyundai Heavy Industries (HHI) with a general approval for ship application (GASA) for a new concept of very large crude carriers (VLCCs) with a centreline oil-tight longitudinal bulkhead. As explained, the new design will reduce potential damage and operational risk by featuring a simpler structural arrangement, loading patterns and piping arrangements. ... [Read More]
September 3, 2020
Estonian ferry company AS Tallink Grupp has launched a reorganization process that will impact up to 2,500 employees in all the company’s home markets combined.   The reorganization is being announced as Tallink battles with a major drop in revenues from the tourism industry massively impacted by the COVID-19 pandemic.... [Read More]
September 3, 2020
Danish ferry and logistics company DFDS has developed an ambitious climate plan unveiling its goal to become climate neutral by 2050. The company is aiming for a relative reduction of greenhouse gas (GHG) emissions by close to 45 per cent from 2008 to 2030. As explained, that corresponds to an approximate reduction of 25-35 per cent between 2019 and 2030. ... [Read More]
September 3, 2020
Japanese shipping company NYK Line, classification society ClassNK and power systems provider IHI Power Systems recently signed a joint research and development agreement to put the world’s first ammonia-fueled tugboat into practical use. ... [Read More]
September 3, 2020
Singapore-based business trust First Ship Lease Trust (FSL Trust) has secured a sale and leaseback deal for its two LR2 product tanker newbuilds. As informed, FSL Trust has accepted an offer from an undisclosed Chinese leasing company after considering several financing options, including bank financing. The two 114,000 dwt scrubber-fitted tankers are currently under construction at COSCO Shipping Heavy Industry (Yangzhou) shipyard. They were acquired by FSL in 2018 as part of a resale deal.... [Read More]
September 3, 2020
Harvey Gulf International Marine, the New Orleans-based LNG-powered PSV owner and LNG bunkering pioneer, has reached a new milestone with its fleet. ... [Read More]
September 2, 2020
Image courtesy: International Maritime Organization/Maria Kanelaki ... [Read More]
September 2, 2020
Image courtesy: International Maritime Organization/Maria Kanelaki ... [Read More]
September 2, 2020
On late 31 August, Germany’s Port of Hamburg welcomed for the first time HMM Hamburg, a brand new containership belonging to the so-called Megamax-24 series of vessels.... [Read More]
September 2, 2020
MHO-Co and AFAI Southern Shipyard have held a keel-laying ceremony for the two hybrid crew transfer vessels (CTVs) that will service the Hornsea Two offshore wind project. MHO-Co signed a contract with the Chinese shipyard in mid-June for the construction of the two CTVs.... [Read More]

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