Ammonia could fuel a third of the global fleet

It is realistic that a third of the world's merchant fleet will sail on ammonia in the future, assesses a report by shipping company Hafnia together with Alfa Laval, Vestas, Siemens Gamesa and Haldor Topsøe. 120 ports already have the necessary facilities.

Will Singapore take over Keppel and merge it with Sembcorp Marine?

Shareholders in Singapore's pride, the hard-strained Keppel Fels shipyard, will have to wait to find out whether the island state's investment company Temasek will become majority shareholder. Perhaps they are waiting for Sembcorp's decision to spin off its marine division. This will happen next week.

MAN Energy Solutions' Danish employees face wage reductions

The large cost-cutting plan facing MAN Energy Solutions does not change the number of jobs set to be cut in Denmark. The new wage requirements, which were a condition for the German owner's approval, apply to all locations, including Denmark.

Japan to support its shipyards with new financing scheme

First China, then South Korea, and now Japan intends to help the country's financially strained shipbuilding industry. Companies established abroad will act as sellers of individual ships and receive the aid meant to get shipping lines back on track with orders.

"It seems a little scary, but we have to do something"

Jonny Jacobsen has worked for MAN Energy Solutions for 37 years and has never experienced anything as dramatic as the major round of layoffs currently facing the company. As a trade union representative he will partake in the negotiations set to begin soon.

MAN Energy Solutions cuts 270 jobs in Denmark

MAN Energy Solutions' three departments in Denmark are hit by the cost-saving measures recently announced by its German headquarters. Global impact on the marine business is difficult to predict at the moment.

This week's top stories on ShippingWatch

Ecco and Dee4 Capital invest in shipping again. Read also about stranded seafarers, shipping companies' climate mitigation and how coronavirus impacted various people working in the shipping industry.

Wrist Ship Supply expands in Spain

Wrist Ship Supply opens new facilities in the Port of Valencia, Spain, which is described as the country's best connected port. The news came on the same day that competitor Seven Seas Group announced a restructuring in the country.

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