Decarbonisation and pathway ahead come under shipowner spotlight at inaugural Elaborate Communications Summit in Athens

The uncertainty surrounding the use of alternative fuels and the multitude of solutions available to shipowners to cut their vessel emissions, dominated discussions at the first Elaborate Communications Decarbonisation Summit in Athens. The three hour conference, held in front of 120 Greek shipowners, managers, manufacturers and classification societies, outlined the current policy landscape and regulation […]

BIMCO starts work on contract for growing wind turbine market

BIMCO has established a subcommittee to work on a global standard contract for the transport and installation of offshore wind turbines. The project has been launched to support the offshore wind industry as the global demand for more renewable sources of energy increases. Work on the contract, WINDSEACON, was initiated through a series of consultations […]

BAR Technologies and Amper Group form partnership for WindWings manufacture in Europe

BAR Technologies (BAR), a Wind Propulsion leader and an innovative simulation-driven marine engineering consultancy, has entered into a partnership agreement with Nervion Naval Offshore (Nervion), a pioneer in floating offshore wind platforms, to wholly manage and oversee the production of BAR Technologies’ WindWings® in Europe. The agreement with Nervion, a company owned by Amper Group […]

Maersk delivered solid 2023 financial results in a difficult environment

A.P. Moller – Maersk (Maersk) last week reported that it delivered solid financial results for 2023 in line with its financial guidance for the year. While volumes were up across most products and strong cost control helped improve results, rates continued to erode, particularly in Ocean. Revenue for 2023 was USD 51.1bn with an EBIT […]

NYK takes delivery of Japan’s first LNG-fuelled capesize bulk carrier

NYK reports that it has held the naming ceremony for an LNG-fuelled capesize bulk carrier it ordered for deployment transporting iron ore and coal from Australia to Japan under a long-term consecutive voyage charter contract with JFE Steel Corporation (JFE). The ceremony was held at Japan Marine United Corporation’s Tsu Shipyard in Mie Prefecture. NYK […]

WFW advises GEFO Shipping Group on strategic order for 10 chemical tankers

Watson Farley & Williams (WFW) has advised GEFO Shipping Group on its triple-digit million order for 10 seagoing chemical tankers from China’s Xiangyu Shipyard based in Nantong. The state-of-the-art vessels, which are scheduled for delivery between 2026 and 2028, have been designed to be adaptable to the use of alternative fuels and new propulsion systems […]

TMS announces Ship Finance and Trade conference line-up

The Maritime Standard (TMS) is to hold a rebranded and revitalised Ship Finance and Trade Conference on February 14th at the Taj Exotica Hotel (pictured) on the Palm, Dubai. Being staged after a gap of four years, the event is expected to attract over 250 delegates to hear expert speakers from the worlds of ship […]