Watson Farley & Williams (WFW) has advised Jiangsu Financial Leasing Co., Ltd. (JSFL) on the US$75m financing for 10 chemical/oil products tankers and four general cargo vessels owned by the Yildirim Group. The transaction was not a pure sale and leaseback as the closing mechanism was complex as it involved the prepayment of outstanding exposure […]
Tanker ordering levels have increased during the first few months of 2024, according to Veson Nautical’s Senior Content Analyst, Rebecca Galanpoulos Jones. So far this year, 104 Tankers have been added to the global orderbook, up from 79 for the same period last year, representing a year-on-year increase of c.32%. Values for Tanker newbuildings have […]
Al-led maritime technology company and energy efficiency experts DeepSea Technologies announced the completion of a project supported by the EEA Grants under the ‘Business Innovation Greece’ Programme, to develop an accessible AI solution for vessel performance routing. Working with bulk shipping operator G2 Ocean and independent research organisation SINTEF, DeepSea has run trials to develop […]
MSC is pleased to announce its collaboration with Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling paperless, accessible and sustainable growth in global trade with its data infrastructure and ecosystem of partners, to further enhance safety in transporting lithium battery shipments. The collaboration was jointly unveiled by MSC and GSBN during the SMDG’s […]
Abu Dhabi’s AD Ports Group has signed several agreements with Unicargas and Multiparques leading to securing a 20-year concession agreement (extendable for another 10 years) with the Luanda Port Authority for the operation and upgrade of the existing Luanda multipurpose port terminal in Angola. The agreements with Unicargas and Multiparques, well-known logistics and transport companies […]
YSA Design has unveiled a concept for a new type of sail-powered catamaran cruise ship, whose flexibility, sustainability and sea-focused attractions can satisfy guest appetites to experience sensitive and hard to reach waters at close quarters. Codenamed Seabreeze, the design includes a host of features to attract premium-end cruise guests while combining the sustainability of […]
The Clean Arctic Alliance has welcomed the Danish government’s announcement that it will prohibit the discharge of scrubber water from ships into the marine environment in its territorial waters (to 12nm), and called for all Arctic states to not only follow Denmark’s action, but to go beyond it by banning the use of scrubbers throughout […]
Carnival Corporation & plc, the world’s largest cruise company, announces it has completed the fleetwide rollout of LR OneOcean’s EnviroManager+ software – the most comprehensive and data-rich implementation of the LR OneOcean platform to date – setting a new standard for maritime journey and environmental planning. The system will deliver efficiencies in passage planning and […]
