Purus Marine, a rapidly expanding UK-based shipping company, has placed an order for four new LPG carriers with a capacity of 45,000 cubic meters each. Illustration. LPG carrier built by Hyundai Mipo. Courtesy of HMD The vessels will be equipped with scrubber technology and built by Hyundai Mipo in South
Classification society DNV has joined a working group that aims to develop a technical reference (TR) for methanol bunkering for Singapore, the world’s largest bunkering hub. Courtesy of DNV DNV announced at Singapore Maritime Week that it joined the multi-stakeholder working group on methanol bunkering, managed by the Standards Development
Navigator Gas, owner and operator of handysize liquefied gas carriers, has entered into a secured term loan facility which includes sustainability and gender diversity-linked performance indicators. Courtesy of Navigator Gas The company entered into the facility agreement with among others, Nordea Bank Abp, ABM AMRO Bank N.V., and BNP Paribas
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
Jiangnan Shipbuilding, a subsidiary of China State Shipbuilding Corporation, has delivered the world’s largest Very Large Liquefied Gas Carrier (VLGC) to Singapore-based shipping and trading company Petredec. Image credit CSSC/Jiangnan Shipbuilding This marks a significant milestone for the shipbuilding industry, as the 93,000 cubic meter VLGC is the largest VLGC
The UK-based Core Power has reached its $100 million funding milestone to develop new nuclear technology for the maritime industry. Image by Corepower The funding has been provided by the shipping industry, shipyards, shipowners, charterers, etc, according to the company’s CEO, Mikael Boe, with a large share coming from Japanese backers.
Canadian naval architectural company Robert Allan and Turkish shipbuilder and tugboat operator Med Marine have signed a Memorandum of Understanding (MoU) to design electric and hybrid tugs. Credit: Med Marine As disclosed, the agreement was signed in Istanbul on 24 March this year. Specifically, the partners will work on VoltRA series of