Energy company Ørsted has just bought 45 percent of Swedish Flagship One, which is set to produce green methanol for the shipping industry as of 2024. Ørsted's head of hydrogen wants Maersk as customer in the large scale project, he tells ShippingWatch.
TFG Marine, a bunker company founded by two John Fredriksen-controlled carriers and commodity trader Trafigura, is among the five biggest bunker suppliers in Singapore in 2021. See the list here.
Bunker Holding CEO Keld R. Demant steps down as vice chair of the food company F. Uhrenholt's board following his sentence in the Dan-Bunkering case, writes F. Uhrenholt in a statement.
The acquisition of shipbuilder DSME looked like the near-perfect extension of HHI, which, ultimately, became the nail in the coffin for the year-long competition case. In Brussels, prominent people expect the decision to hold up in court – however, the question is whether shareholders are already looking for new buyers.
The port authority in Hamburg enters a new collaboration on drones meant to help develop new solutions and contribute to increased efficiency at the major container port.
Power utility Ørsted has struck a deal with Liquid Wind to acquire a 45-percent stake of e-methanol project Flagship One.
With its new acquisition, Zeronorth makes bunker procurement an active part of the platform's solution, says Chief Executive Søren Christian Meyer to ShippingWatch. The company wants to bring in fresh financing and aims for 6,000 ships within the next few years.
MAN Energy Solutions took a chance when the company decided to develop a ship engine powered by green ammonia. No one knew if there would be customers for such an engine, as ammonia as a fuel still lies in the future, manager tells ShippingWatch.
With the prospect of a future offshore wind market of 90 gigawatts, power utility Ørsted is in full swing establishing itself in the Baltic Sea, which the company regards as strategically important, writes business daily Børsen.
Ship supply company Seven Seas Group appoints a new CEO as Ole Anton Gulsvik leaves the post after five years at the helm. The new CEO is a familiar face to the company.
German shipyard group MV Werften is insolvent. Designated administrator works to secure payment for 2,000 employees from the German state as well as a potential reconstruction.
Digital company Zeronorth, with A.P. Moller Holding and Cargill among its owners, acquires US online bunker trading platform Clearlynx. The acquisition places Zeronorth physically in the US and provides opportunity for growth, the company says.
South Korea's shipbuilding industry finished 2021 on the highest volume of new orders in eight years. Chinese yards still have the dominant market share.
Navtor acquires Indian company Ingenium Marine, aspiring to integrate the digital logbooks into its e-navigation systems and performance product portfolio.
MAN Energy Solutions hopes for China to soon ease its tough Covid restrictions, otherwise the major engine manufacturer could lose market share in the longer term, says SVP and head of the two-stroke business Bjarne Foldager to ShippingWatch.
Finnish supplier Wärtsilä has bagged an order for 60 auxiliary engines as well as controls systems on 12 new vessels going to container carrier CMA CGM. The ships will sail on liquefied natural gas, LNG.
Although Indonesia is a major global coal exporter, a temporary ban on export will at the most result in a "slight negative" development, estimates DNB.
In 2021, increasing prices on both heavy fuel and low-sulfur bunker oil also increased the price difference, making it more attractive for carriers with scrubbers, numbers from Ship & Bunker reveal.
Germany's new government criticizes an EU policy proposal regarding green energy investment, calling it "greenwashing". LNG, liquefied natural gas, is a an important transition fuel for some carriers.
According to Norwegian marine insurer Gard, infrastructure plays a major role when it comes to collisions and groundings around the world. "If you sail in Asia, there's a lower risk that something will go wrong," says CEO Rolf Thore Roppestad in an interview with ShippingWatch.
Bunker Holding and Dan-Bunkering's sanction violations were not in accord with the group's values, management said yesterday. But that the company is letting Keld R. Demant stay as CEO prompts a fundamental question regarding his managerial responsibility, according to professor.
Danish maritime firm Erria takes over Vietnamese company Mermaid Maritime Vietnam JSC after the parties signed a conditional agreement on the trade back in June 2020.
With a conditional prison sentence of four months, Keld R. Demant is going to continue as CEO of Bunker Holding. The company declines to provide a comment to ShippingWatch as to whether the sentence can hurt the group.
Bunker Holding CEO Keld R. Demant and companies Bunker Holding and Dan-Bunkering have decided to accept their sentences in the Dan-Bunkering case. Demant continues as CEO.
Keppel FELS and Sumitomo Corporation have signed an MoU to explore several different implementations of ammonia fuel in Singapore. The aim is to have commercial operations up and running by the mid-2020s.
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