SAAM unveils 2030 Sustainability Strategy
SAAM marked its 63rd anniversary by unveiling its comprehensive 2030 Sustainability Strategy, reinforcing its commitment to sustainable growth with a clear, actionable plan and measurable goals. The strategy is built on four pillars: Reportability and Risk Management – People and Social Engagement – Environment and Climate Action – Sustainable Development and Projects. “Our goal is […]
Antwerp-Bruges unveils Europe’s first electric tugboat; Another five to join port’s fleet
The Port of Antwerp-Bruges has taken a significant step toward sustainability with the arrival of six energy-efficient tugboats, including the pioneering Volta 1, Europe’s first fully electric RSD (Reversed Stern Drive) tugboat. This milestone aligns with the Belgian port’s ambitious goal of achieving climate neutrality by 2050. Volta 1 sets a new standard in maritime […]
Lancer Container Lines Limited: A Visionary Leap into the Future of Global Shipping
Lancer Container Lines Limited is not just keeping pace with the rapidly evolving global shipping industry—it is leading the way forward. With a legacy rooted in innovation and operational excellence, Lancer has set its sights on extraordinary growth. Today, the company operates a fleet of over 20,000 TEUs, connecting the world’s most critical trade routes, […]
Flex LNG seals 15-year charter win for 2019-built gas carrier
Flex LNG has won a new 15-year time charter agreement for the 2019-built, 173,400 cu m Flex Constellation for 15-years starting in early 2026. The contract comes with a two-year optional extension. The ship is currently on a 10-month charter with a large Asian utility and asset-backed LNG trader until the end of the first […]
Trøim’s VLCC investment vehicle goes public
Tor Olav Trøim’s new supertanker venture has listed its shares for trading on Euronext Growth Oslo. The company called Bruton is sponsored by Trøim’s Magni Partners and currently has two 299,500 dwt VLCCs under construction at New Times Shipyard in China, via subsidiary Andes Tankers, scheduled for delivery in September 2026 and February 2027. Bruton […]
MSC completes Hamburg port investment
Mediterranean Shipping Co (MSC), the world’s largest container line, has completed its buy-in into the port of Hamburg radically changing the container port landscape in northern Europe. MSC now controls 49.9% in Hamburger Hafen und Logistik Aktiengesellschaft (HHLA), with the city of Hamburg holding a 50.1% stake in the port’s main terminal operator. “Gateway to […]
Procopiou seals sale-and-leaseback deal for five LNG carriers
George Procopiou-controlled Pure Energy has signed a $1.1bn sale-and-leaseback deal with China’s CMB Financial Leasing for five 200,000 cu m LNG carriers. The ships, under construction at HD Hyundai Heavy Industries, were ordered last year by another Procopiou vehicle, Dynagas. Long term charters have been fixed for all five ships. Watson Farley & Williams partner […]
Hapag-Lloyd fixes methanol supplies out of China
German liner Hapag-Lloyd has reached an agreement with Beijing-headquartered Goldwind for the delivery of 250,000 tonnes of green methanol per year. The green methanol will consist of a blend of bio- and e-methanol, ensuring greenhouse gas (GHG) emissions reduction of at least 70%, according to Hapag-Lloyd. “As part of our Strategy 2030, we are fully […]
2000-built VLCC sold for further trading
Brokers note that the Tricia II, a 24-year-old, 281,000 dwt, Mitsubishi-built tanker has been sold for $21m to undisclosed interests. The Comoros-flagged ship is not classed by a member of the International Association of Classification Societies. It was called Tiburtina in October last year, and Arabela before that. Eight VLCCs were registered with the Comoros flag […]
Wind tech as a path to compliance
In the second in a series from Kongsberg Maritime, Oskar Levander explains how a research project has devised a ship concept using conventional fuels, that can meet future compliance targets, with the addition of energy saving technologies including wind. There are many ways in which ship owners can tackle the prospect of tighter regulation. The […]