The world’s first biomass-fuelled ship is set to be developed by group of shipping and energy businesses from Japan and the UK under a new MoU.

Following the announcement of the dissolution of the 2M alliance the division of services was rapid, but since the beginning of this year the collaboration has regained momentum with an increase in joint MSC and Maersk services.

Norwegian based Awilco LNG and China Development Bank Leasing (CDB Leasing) have signed a sale and leaseback agreement for two LNG carriers.

Despite robust new loan generation as 2023 progressed, at the dawn of 2024 bank lending to Greek shipowners was down reported the 23rd annual analysis by Petrofin Research of bank lending to Greek shipping companies.

Diversions of container ships via the Cape of Good Hope has resulted in a continuous reconfiguration of port calls and vessel sizes on services as carriers adjust Asia to Europe loops to cope with the latest demands.

Norway’s Island Offshore has signed a one, option two, contract with ship designer and builder, Vard, for an ultra-flexible hybrid power DP2 ‘ocean energy construction vessel’ due for delivery in the first quarter of 2027.