Toro Corp., a tanker spinoff of U.S.-Listed Castor Maritime, has entered into agreements with an unnamed third-party to acquire three 2015 Japanese-built 5,000 cbm LPG vessels and one 2020 Japanese-built 5,000 cbm LPG vessel. Illustration; Image credit CSSC Huangpu Wenchong The aggregate purchase price for the four LPG vessels is
XFuel, a sustainable drop-in fuels producer, has engaged DORIS, an engineering, advisory, and project management services company, to provide front-end engineering and design (FEED) support for its modular energy conversion facilities. Courtesy of XFuel and DORIS DORIS said it will support XFuel’s in-house engineering team to scale up facilities that
Five finalists have made it to the shortlist for the second Nor-Shipping Ocean Solutions Award after o a heated jury debate. Innovation on show at Nor-Shipping with the Ocean Solutions Award; Image credit Nor-Shipping The accolade aims to showcase breakthrough innovations at, or approaching, commercialisation stage. Daphne Technology won the
APM Terminals Pipavav, an all-weather port located just 152 nautical miles from Nhava Sheva, Mumbai, has revealed plans that will see an investment of around $90 million in a new liquid berth. Image credit APMT Terminals Pipavav The port’s current capacity to handle 2 MMT of liquid bulk will increase