Energy News Beat Hanwha Ocean, one of South Korea’s largest shipyards, has partnered with America’s Baker Hughes to develop what it describes as a carbon-free ship propulsion system. The joint development aims to create an ammonia gas turbine capable of 100% ammonia combustion, with the flexibility to mix ammonia with natural gas as needed with […]
Energy News Beat Changes are afoot at top management at Kawasaki Kisen Kaisha (K Line), one of the largest shipping lines in the world. The Tokyo-headquartered company revealed today that, pursuant to a shareholder vote in March, Takenori Igarashi will become president and CEO replacing Yukikazu Myochin who will become chairman. Myochin has been in […]
Energy News Beat Sweden’s Wallenius SOL has acquired British roro outfit Mann Lines adding new offices in Estonia, Latvia, and the UK, while increasing its presence in Finland, Germany, and Benelux. “This strategic move will enable us to offer a broader range of solutions tailored to customer needs. By combining our strengths, we will achieve […]
Energy News Beat Swedish prosecutors have released the vessel suspected of cutting a fibre-optic subsea cable between Latvia and the Swedish island of Gotland after assessing the event as an accident, not sabotage. The Swedish Prosecution Authority seized the Navibulgar-owned, 32,200 dwt bulker Vezhen on January 26. Swedish authorities stated that the vessel’s anchor which […]
Energy News Beat Donald Trump’s fast-moving tariff tiffs with key trading partners continue to keep shipping executives on edge around the world. Similar to the threats he made to Colombia a week prior, the American president yesterday put planned tariffs against Mexico and Canada on hold for 30 days, saying that the leaders of the […]
Energy News Beat Nasdaq-listed Greek containership owner Euroseas has won new time charter deals for two of its boxships. The first contract is for the 2008-built Synergy Antwerp. The company stated that the contract will commence its charter after the completion of its present charter, expected sometime in May 2025. The second is for the […]
Energy News Beat AsiaContainers Singapore’s Bengal Tiger Line (BTL) has announced that industry veteran Bill Smart is retiring as the container feeder operator’s chief executive. Smart will step back at the end of March after 35 years with the company but continue on BTL’s board of directors. “On behalf of the board, I would like […]
Energy News Beat White House Global seaborne trade flows are set for choppy conditions in the wake of President Donald Trump’s decision on Saturday to levy  25% tariffs on imports from Canada and Mexico and 10% on goods from China starting tomorrow. For energy imports from Mexico and Canada, the tariff level has been set at […]
Energy News Beat Cadeler Copenhagen-headquartered offshore wind installation player Cadeler has signed two contracts with undisclosed clients for its newbuild wind installation vessel Wind Mover starting immediately upon delivery. The vessel, currently under construction at Hanwha Ocean Shipyard in Korea, will support operations, maintenance activities, and potential installation work in Europe. The contracts, which are […]
Energy News Beat Glosten Shipping nuclear propulsion start-up CORE POWER has reached out to naval architecture firm Glosten for the design of a floating nuclear power plant (FNPP) to power ports in the United States. CORE POWER’s FNPP concept is a nearshore infrastructure system that includes a barge-based nuclear power plant, barge support services, electrical […]
