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Oldendorff Carriers has celebrated the delivery of five eco-newbuildings – four of which were handed over to the shipowner on the same day.

South Korea has announced an ambitious plan to boost its shipbuilding industry by promoting the production of environmentally-friendly ships and LNG bunkering, according to the ministry of trade, industry and energy (MOTIE).

China’s CSSC Huangpu Wenchong Shipbuilding has been awarded an order to build one 38,800-dwt dry bulk carrier for its associate firm CSSC (Hong Kong) Shipping Company, reports said.

While there are still more questions than answers when discussing the eco-ship, the commercial incentive of significant fuel savings, workable finance solutions and increased regulation means it is inevitable shipowners will have to adopt a more sustainable approach.

With the sharply reduced bunker price containership owners are shelving eco-retrofit projects according to Thomas Preben Hansen, ceo of Rickmers Maritime Trust.

The dismal dry bulk shipping market in 2014 dragged handy specialist Precious Shipping into the red with a full year net loss of $2.47m.

China Exim Bank is focusing its efforts in financing shipowners for orders of high-tech and LNG vessels, eco-ships and offshore units.

Chinese shipbuilder Avic International Maritime Holdings is seeing signs of a recovery in the shipbuilding industry and an increasing demand for eco-friendly vessels.

Korea Eximbank (Kexim) is planning to launch an ‘eco-ship fund’ worth KRW1trn ($976m) to help domestic shipping companies fund the operation of more energy efficient vessels, reports said.

Lloyd’s Register (LR) is to class a hybrid ferry, Texelstroom, able to run on compressed natural gas (CNG) or diesel as well as battery power and solar auxiliary power.


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