Commercial Shipping

Methane slip no show stopper for LNG as fuel

Methane slip no show stopper for LNG as fuel

Despite a surge in orders for methanol-ready vessels during the past year it’s LNG that continues to have the competitive edge over other alternative fuels, according to Lloyd’s Register’s principal gas expert. Panos Mitrou, global gas segment director for LR, tells The Naval Architect that the characteristics of LNG remain a competitive challenge for LNG […]

Container freight rates continue to plummet

Container freight rates continue to plummet

Long-term ocean freight rates fall again, with almost 50% drop in key pricing benchmark across last three months The beleaguered carrier industry took another major hit in June, with the latest data from Xeneta’s Shipping Index (XSI) showing a decline of 9.4% in global long-term shipping rates. Following on the heels of a 27.5% collapse […]

MOL and Chevron partner to cut carbon intensity of marine fuels

MOL and Chevron partner to cut carbon intensity of marine fuels

Japan’s Mitsui O.S.K. Lines (MOL) and energy company Chevron Singapore have signed a memorandum of understanding (MoU) for a strategic alliance aimed at reducing the carbon intensity of marine fuels, as well as other decarbonisation technologies in shipping. The partnership will see joint studies carried out on next-generation fuels in various regions around the world […]

Damen shrimper concept takes basic approach

Damen shrimper concept takes basic approach

Damen’s Maaskant division is promoting a “simple, basic, standard” new vessel concept, the Damen Shrimper 2607, for shrimp fishers in tropical/subtropical regions including Africa, Asia and South America. The 146gt vessel’s design has reportedly been developed to significantly reduce fuel consumption, which Damen claims to have done by optimising the powertrain, instead of overloading the […]

Armon commences Liberty ferry order

Armon commences Liberty ferry order

Spanish shipyard Astilleros Armon is building a dozen hybrid monohull passenger ferries for Italian operator Liberty Lines, with deliveries scheduled to run from this year until 2026. Each newbuild in the series will measure 39.5m x 8.3m and feature a depth of 4m and a draught of 1.8m. The aluminium ferries will be kifted out […]

Meyer Re and Damen Shiprepair to cooperate

Meyer Re and Damen Shiprepair to cooperate

The Meyer Group and Damen Shiprepair & Conversion (DSC) have signed a cooperation agreement. DSC will work with the recently established Meyer Re division of the German group, which offers shipping companies refurbishment and conversion solutions to maximise their vessel’s sustainability. Through the cooperation with Damen, Meyer Re will secure dock capacity and manpower for […]

Four Seasons orders second ultra-luxury cruise ship

Four Seasons orders second ultra-luxury cruise ship

Fincantieri has signed a contract with Marc-Henry Cruise Holdings, joint owner/operator of Four Seasons Yachts, for the construction of a second ultra-luxury Four Seasons vessel. This second vessel’s order is worth more than €400 million, and the ship will be delivered in 2026. Fincantieri landed the order for the first 207m-long, 27m-wide, 180-guest ship of […]

Ammonia and recycling ramp up needed

Ammonia and recycling ramp up needed

By Malcolm Latarche Ammonia as a marine fuel was making many headlines in May. In mid-month came news of a consortium of Lloyd’s Register, Mediterranean Shipping Company (MSC), SDARI and MAN Energy Solutions signing a MoU for a design for the ammonia dual-fuel operation of an MSC container ship. This is planned to result in […]