Satellite images show worrying 4 km trail from burning Sounion
The Houthis yesterday released footage of a group of militants boarding the Greek Sounion oil tanker in the Red Sea and detonating explosives. The dramatic video shows multiple explosives being laid across the ship. The Delta Tankers suezmax was attacked nine days ago, with its crew evacuating. Last Friday, the Houthis boarded the laden vessel […]
Azule Energy selects Opsealog tool to cut emissions from its OSV fleet
Opsealog, a data integration and analysis company for the maritime and offshore sectors, has secured a two-year contract with Azule Energy, Angola’s largest independent energy firm. The contract aims to reduce fuel consumption and greenhouse gas (GHG) emissions from Azule Energy’s Offshore Supply Vessel (OSV) fleet. Initial estimates by Opsealog suggest that the project could […]
Decarbonising shipping could double cost of transporting goods by containers: DNV
Decarbonising shipping could double the cost of transporting goods by containers, according to a new report from class society DNV. Ahead of next week’s SMM, the world’s largest shipping exhibition, DNV has released its latest Maritime Forecast to 2050, a 72-page publication now in its eighth edition. The in-depth report provides an updated outlook on […]
Frontline in 10-ship leaseback deal to clear Fredriksen debt
New York- and Oslo-listed tanker giant Frontline has lined up a 10-ship sale and leaseback deal in China to pay back money borrowed from controlling shareholder John Fredriksen. The deal worth up to $512.1m involves CMB Financial Leasing’s commitment to cover the refinancing of 10 suezmaxes, subject to execution of final documents, the company said. […]
Maersk vessel takes out tall ship and hits museum while entering Fremantle
Australia’s largest sail-training tall ship was badly damaged this morning as it was struck by the 8,814 teu Maersk Shekou. The boxship also hit the Western Australian Maritime Museum while entering the inner harbour of Fremantle port this morning. The 1986-built STS Leeuwin II tall ship was dismasted in the accident, with two of its […]
COSCO orders a dozen 14,000 teu ships
COSCO Shipping, the world’s fourth largest containerline, has ordered a dozen 14,000 teu ships at a sister firm in Jiangsu province rounding off one of the busiest months for global containership orders ever. The state-run line is paying $2.15bn for the methanol dual-fuelled ships which will be built at COSCO Shipping Heavy Industry Yangzhou The […]
Great Eastern strikes supramax bulker sale
India’s Great Eastern Shipping has offloaded one of its bulk carriers after a series of disposals of vintage MR tonnage as part of the company’s product tanker fleet renewal initiative. The Mumbai-listed diversified owner said it had struck a deal with an undisclosed buyer for its 2011-built supramax Jag Rani. No price tag has been […]
Marine battery manufacturer hails price drop
Marine battery manufacturer AYK Energy has hailed a significant breakthrough in electric propulsion technology for ships with what it claims is the first battery sold at $300 per kWh. AYK founder Chris Kruger said the milestone will accelerate the adoption of battery powered vessels. He said the previous industry standard price was around $450-$550 per […]
US to hold Oregon’s first-ever offshore wind lease sale
The US Department of the Interior has revealed that it would hold an offshore wind energy lease sale off southern Oregon. The two areas to be auctioned on October 15, 2024, by the Bureau of Ocean Energy Management (BOEM) could generate more than 3.1GW if fully developed, which could power approximately 1m homes. The final […]
Vattenfall offshore wind warm to power German steel manufacturer
Swedish utility Vattenfall and German steel producer Salzgitter have signed a power purchase agreement (PPA) which will see electricity from the Nordlicht 1 offshore wind farm power steel production from 2028. The PPA provides for a share of 75MW of connected load from the Nordlicht 1 offshore wind farm to be made available to the […]