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CMA CGM takes an equity stake in TTIA container terminal in Algeciras

glory 02-03-2021 22:15 Area News
French shipping and logistics major CMA CGM Group has through its CMA Terminals subsidiary acquired a 50% interest minus one share in Spain’s Total Terminal International Algeciras (TTIA) port terminal.The TTIA terminal,...
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FSL Trust refinances 5 tankers

glory 02-03-2021 21:19 Area News
FSL Trust Management, the trustee-manager of First Ship Lease Trust, has secured a deal with an unnamed Taiwanese financial institution for the refinancing of five product tankers. The loan is worth a total of $ 15...
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Shore power key to unlocking triple win for UK ports

glory 02-03-2021 20:29 Area News
Government support for shore-power is essential to unlocking a triple win of cleaner air, lower climate pollution, and smart 21st-century electricity grids in UK ports, new research found. Shore-power — the provision of...
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UNEP FI releases guide on blue financing for sustainable ocean recovery

glory 02-03-2021 20:29 Area News
United Nations Environment Programme Finance Initiative (UNEP FI) has released a new guidance on blue finance to help banks, insurers and investors take action on the transition of ocean sectors to a sustainable future....
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Ferus Smit launches Thun Tankers’ LNG-fueled chemical tanker

glory 02-03-2021 19:37 Area News
Dutch shipbuilder Ferus Smit has launched the latest LNG-fueled oil/chemical tanker being built for the Swedish shipper Thun Tankers. The Nb. 451, named Thun Equality is the third ship in the E-Class series being built...
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HMM charters VLCC newbuilding trio

glory 02-03-2021 19:22 Area News
South Korean shipping company HMM has chartered the three very large crude carriers (VLCC) set to be built by Hyundai Samho Heavy Industries, a subsidiary of Korea Shipbuilding & Offshore Engineering Co. The KRW 298....
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Ardmore to manage 4 chemical tankers for Carl Büttner

glory 02-03-2021 18:00 Area News
Bermuda-based tanker owner and operator Ardmore Shipping Corporation has unveiled a new partnership with Carl Büttner, taking on the commercial management of four chemical tankers on behalf of the Bremen-based shipowner...
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Windship Technology’s true zero-emission ship design sparks interest from the market

glory 02-03-2021 17:36 Area News
Following its recent unveiling of the ‘Tesla of the Seas’, British company Windship Technology has launched talks with interested parties from the shipping industry and investment circles to bring the true zero-emission...
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TORM acquires Team Tankers’ MR fleet

glory 02-03-2021 16:33 Area News
Danish shipping company TORM has entered into an agreement to buy eight MR product tankers from Bermuda-based Team Tankers Deep Sea Ltd. for a total cash consideration of $82.5 million and the issuance of 5.97 million...
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Watch: Odyssey of the Seas squeezes down the Ems River in reverse

glory 02-03-2021 15:54 Area News
Odyssey of the Seas, Royal Caribbean International’s brand-new ship under construction at the Meyer Werft shipyard in Papenburg, Germany, has completed its 10-plus-hour river conveyance. The 32-kilometer conveyance is a...
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