Rapid digitization of inspections, surveys and other activities sustained classification company DNV's business in 2020, despite the more challenging working conditions due to coronavirus-related restrictions.
A new project, counting MAN Energy Solutions, among others, aims to develop ammonia-powered engines over the next three years. The project is in line with MAN's own plans to be able to supply ammonia engines by 2024 at the latest.
The supply of sustainable fuels must be increased, and this has led players such as Norden, Maersk and MAN to support a new platform where producers can get feedback on developments. The platform is fund-supported and will be free of charge.
Hempel's plan to reach a revenue of EUR 3 billion by 2025 now leads the coatings manufacturer to acquire an Australian company with 750 employees. "We have taken the first major step on our growth journey," says chief executive.
OK Lim, the founder of scandal-ridden Hin Leong group in Singapore, can now be met with a further 23 charges of forgery. The charges are expected to be processed in April, writes media.
The Denmark-based USTC Group buys another company as part of the group's digitization work. The acquisition is taking place shortly after the USTC Group took over the majority of trading company CM Biomass.
Engine supplier MAN Energy Solutions will be tasked with supplying ten new VLCCs with dual fuel engines that can sail on LNG.
Singapore-based port operator Jurong Port has taken over the Lim family's stake in a major oil storage terminal in the city-state, writes Reuters.
In just one year, the number of scrubbers installed on board the global fleet has almost doubled. According to Bimco, investors and carriers are more likely to order ships with a scrubber preinstalled now than previously.
Oil subsidiary under Bunker Holding is no longer in contract with the Danish Armed Forces to supply fuel. The parties thus part ways before the case against the bunker group commences. Updated.
Tech company Portchain enters an agreement with Russian port company Global Ports, of which Maersk owns a third. The port company plans to install Portchain's system at two of its container terminals.
Norway's Maritime & Merchant Bank expects to increase lending to shipping companies in 2021, a year in which global economic growth is expected to play a role. Last year, the bank saw its result and lending decrease.
With Sean Fitzgerald at the helm, Maersk Container Industry has closed two factories, more than halved its staff and phased out dry containers. The CEO now reports of a full factory for the coming months and a strong reefer market in an interview with ShippingWatch. The company was recently rumored as a possible sales asset.
Yard group Korea Shipbuilding & Offshore Engineering books orders totaling ten LPG vessels from various companies. The orders have a total value of more than USD 700 million.
Total demand for marine fuel declined in 2020, but three bunker hubs report of higher sales in the fourth quarter and for 2020 as a whole, reveals a survey conducted by Ship & Bunker.
Sales Lead with Operator / Bunker experience - Bunker Metric