Cosco Shipping, Sovcomflot, Novatek and Silk Road Fund have inked an agreement to set up and Arctic shipping joint venture to manage icebreaking LNG carriers.
Lloyd’s Register has awarded approval in principle (AiP) to a Hyundai Heavy Industries ‘eco tanker’ design for a VLCC capable of combining volatile organic compounds (VOC) recovered from the cargo tank and LNG in a dual-fuel system, with the addition of Norsepower’s rotor sail solution for wind-assisted propulsion.
Inmarsat and Hyundai have signed an agreement whereby the shipbuilder’s subsidiary, Hyundai Global Service, will use dedicated bandwidth from Inmarsat to offer shipowners and managers a digital care package for new ship deliveries.
Oil major Chevron has revealed that it will offer the IMO 2020-compliant 0.5% sulphur bunker fuel by the end of the third quarter, reports said.
A new family of Azipods spanning a seven-megawatt range between 7.5MW and 14.5MW, launched at Nor-Shipping by ABB Marine and Ports, is targeting the operators of ferries, ropax, medium-sized cruise ships, large offshore construction vessels and shuttle tankers.
Wang Junmin, former chairman and general manager of Chinese shipbuilding company Sainty Marine, and Cao Chunhua, former deputy general manager of the company, were sentenced to prison.
Asia Pacific waters remain the top shipping casualty region accounting for 45% of losses globally in 2018, according to a latest review by insurer Allianz Global Corporate & Specialty (AGCS).