Germany’s bank KfW IPEX-Bank and Finnish ferry operator Finnlines, part of Italy’s Grimaldi Group, have signed a €40 million (around $47 million) loan agreement to finance a hybrid roll-on/roll-off (RoRo) vessel. “We are very pleased to have acquired Finnlines, another … RoRo/RoPax operator on the North and Baltic Seas, as
Norway-based marine technology provider Høglund Marine Solutions has taken a two-thirds stake in Vindskip AS, a company developing a wind and LNG-powered vessel concept. Børge Nogva, President of Høglund, has also become chairman of the board at Vindskip AS. Vindskip — which translates to wind ship in English —
UK owner Scotline Marine Holdings Ltd has exercised the option for a fourth 4,800 dwt multipurpose vessel at Dutch shipyard Royal Bodewes Shipyard. The MPP will feature hybrid battery power that can be charged by shore power. Image courtesy: Scotline The Bodewes Trader is to be named MV Scot Isles
Croatia’s first floating storage and regasification unit is nearing its final destination at its base on the island of Krk. Courtesy of Croatia LNG LNG Croatia, formerly known as Golar Viking, departed China’s Huarun Dadong yard late last month. It was delivered to the project mid-September. AIS data by VesselsValue
Mardi Gras heads out for sea trials; Image courtesy: Meyer Turku Carnival Cruise Line’s LNG-powered XL-class cruise ship Mardi Gras has completed its sea trials with flying colors, Finland-based shipbuilder Meyer Turku said. The giant cruise ship returned to the yard last week, after testing its systems and operations at sea
Prices of spot liquefied natural gas (LNG) imported into Japan and contracted during the month of September rose after a slip in August. Courtesy of Tepco According to Japan’s Ministry of Economy, Trade and Industry data, the contract-based price in September was at $4.5 per mmBtu. This compares to $3.4
Illustration; Image courtesy; Asahi Tanker Japanese shipping firm Asahi Tanker Co. has placed an order for the construction of two electrically-powered tankers. Japanese shipbuilders Koa Sangyou Co and Imura Zosen KK will be in charge of constructing one vessel each, while Kawasaki Heavy Industries will serve as the system integrator
State-owned Pakistan LNG has signed a supply deal with its compatriot Karachi Electric. Courtesy of Pakistan LNG Under the agreement, Pakistan LNG will supply regasified liquefied natural gas to 900 MW KE BQPS-III power plant. In a brief social media statement, Pakistan LNG noted the BQPS-III power plant will have