Ardmore Shipping Corporation (“Ardmore” or the “Company”) announced that it has signed binding agreements for the refinancing of three vessels. Ardmore has signed agreements for the sale and leaseback, under a finance lease arrangement, of the Ardmore Exporter and Ardmore Seavanguard, two 2014-built 50,000 Dwt Eco-design MR tankers, with a high-quality financier in China. The…
Scorpio Tankers Inc. (“Scorpio Tankers,” or the “Company”) announced that as part of its previously announced program to install exhaust gas cleaning systems across its fleet, it has entered into an agreement with third parties to purchase exhaust gas cleanings systems for 42 of its vessels in 2019 and for 10 of its vessels in…
Rolls-Royce and Finnish state-owned ferry operator Finferries have today successfully demonstrated the world’s first fully autonomous ferry in the archipelago south of the city of Turku, Finland. The car ferry Falco used a combination of Rolls-Royce Ship Intelligence technologies to successfully navigate autonomously during its voyage between Parainen and Nauvo. The return journey was conducted…
Hydrogen can play a significant role in decarbonizing world energy supply to mitigate climate change, according to a new research paper by DNV GL, the technical advisor to the oil and gas industry. ‘Hydrogen as an energy carrier’ predicts demand for hydrogen for heating residential and commercial space, heat for industry, and transport to reach…
The technology group Wärtsilä launches a product at Slush Helsinki 2018 that should never see the light of day: a lifeboat for buildings. The lifeboats could be used in severe flooding and rising sea levels caused by climate change. The lifeboat for buildings is not a real product, even though it could be. It is…
The two 2010-built vessels will be bought for USD 23.6 million from an unnamed company. They are expected to be delivered in Q4 2018. What is more, Navios Containers decided to acquire two 2011-built boxships from an undisclosed party for a purchase price of around USD 52.5 million each, upon the exercise of its purchase…
“Apollo Global Management and our other sponsors played key roles in the turnaround and expansion of Norwegian Cruise Line Holdings. We could not have asked for a better business partner than Apollo and we are grateful for their support and contributions over the last eleven years,” said Frank Del Rio, president and chief executive officer…
Under the AUD 97.7 million contract with the National Infrastructure Development Company (NIDCO), which is owned by the Government of the Republic of Trinidad and Tobago’s (GORTT), the shipbuilder would design and build the 94-metre vessel, scheduled to be delivered in mid-2020. The ship, designated AutoExpress, is to provide high speed passenger and vehicle operations…
For each large ship at berth for 60 hours, over 95 tons of air pollutants and greenhouse emissions will be eliminated from the port through the shore power facility. This amounts to taking 20 cars off the road for one year, according to Transport Canada. By providing ship operators with an alternative to running diesel…
Named NiBiKi, the platform digitalizes applications, approval, and operation workflow within the safety management system. By following the instructions and inputting appropriate information in provided forms, crews can correctly apply for approval, and that information can be automatically recorded, thus ensuring appropriate procedures by the crews, according to the company. Moreover, the NiBiKi system enables…
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