Bureau Veritas Marine & Offshore (BV) has signed a Memorandum of Understanding (MoU) for a Joint Development Project (JDP) agreement with HD Hyundai Samho Co., Ltd (HSHI) and Siemens Industry Software Ltd.
Panamanian-flag Tanker Rescues 73 in Dramatic Ops
The Panamanian-flagged tanker Nestos (IMO 9417464) played a pivotal role in a search and rescue mission, coordinated with the Greek Coast Guard, to save a distressed vessel.As reported by the Designated Person
Update on Insolvency of FSG-Nobiskrug Shipyard
Salaries of the 500 employees are secured by insolvency money; discussions planned with clients for shipbuilding projects already underway. The Provisional insolvency administrators want to jointly develop restructuring solutions.The Flensburg…
A Busy Eight Months for EU's First Electric Tug
BB ELECTRA, the first fully electric powered tugboat to operate in Europe, has been extremely busy since arriving in Norway on April 8, 2024, to start working for environmentally-friendly operator Buksér og
Weaving the Basket of Solutions
This week at MarineLink…Two reports released this week, one on the upscaling of green hydrogen production, the other on upscaling CCUS, both point to a lack of government initiatives as hindering investment.
Financiers Report Better Alignment with Net Zero Goals
The Poseidon Principles, which represents nearly 80% of global ship finance, has published its fifth Annual Disclosure Report, showing progress towards decarbonised shipping.Continued growth of climate transparency from financial institutions…
Furetank Appoints First Female Chief Engineer
When the newbuilt tanker vessel Fure Vyl leaves the shipyard, Ailene Barrios heads the technical department on board. She is one of very few Filipino women in the business who have advanced
Taiwan Signals Likely End to Latest Chinese Drills
Taiwan's defense ministry on Thursday closed an emergency response center opened earlier this week in response to what it said were stepped up Chinese military activities nearby, likely signaling an end to
BIMCO's Shipping Number of the Week
Dry bulk contracting falls 70% below average amid low rates.“Over the past three months, dry bulk newbuilding contracting has been 70% below the yearly average. Declining freight rates in recent months, a