Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping company, today announced its results for the three months ended March 31, 2021. Highlights of the First Quarter Ended March 31, 2021: • Revenues, net: $7.0 million for the three months ended March 31, 2021, as compared to $2.7 million for the …
ZIM Integrated Shipping Services Ltd., a global container liner shipping company with over 75 years of experience, announced yesterday the pricing of a secondary offering of 6,975,000 ordinary shares at a price to the public of $40.00 per ordinary share, by certain selling shareholders of the Company. The offering is expected to close on or …
The phrase energy transition is becoming a household name. The two words pop up in countless news articles, studies, and policies. There is a reason why we speak of energy transition instead of energy revolution as it is a process in which we gradually phase out fossil energy and replace it with renewable or low …
In focus: ‘Energy transition, step up your game’ Read More »
Ashtead Technology has invested over £1 million in a range of EdgeTech sonar imaging and underwater technology systems to enhance its equipment fleet. The systems include the 4205-tri-frequency and 4200-side scan sonar systems as well as the 2205-ROV and 2050-DSS side scan and sub-bottom systems. EdgeTech 2050-DSS (Courtesy of EdgeTech) The 2050-DSS comes with a …
Ashtead invests £1 million in sonar imaging and subsea tech Read More »
Rolf H. Jansen; Image credit: World Shipping Council At this point in time, there is no technology in sight that would make large, ocean-going ships carbon-neutral in the next three to five years, CEO of German liner company Hapag-Lloyd, Rolf Habben Jansen believes. Jansen was one of the panelists of the Green Shipping Roundtable hosted …
Jansen: No technology in sight to make large ships carbon-neutral in next 3-5 years Read More »
Spanish ferry operator Baleària’s LNG-powered ferry Eleanor Roosevelt has made a test crossing using renewable biomethane certified by Axpo Iberia. Courtesy of Baleària This is an important milestone for zero-emission maritime shipping as, for the first time in Europe, a high-speed ferry has made a test crossing using only fuel from 100 per cent renewable …
Axpo powers Eleanor Roosevelt LNG ferry with biomethane Read More »
Marine Power Systems (MPS) is looking to hire a geotechnical survey solution provider for geotechnical and anchor investigation work at the Biscay Marine Energy Platform (BiMEP) test site. Concept for MPS’ DualSub (Courtesy of Marine Power Systems) The work being tendered for relates to the provision of a geotechnical survey solution, execution and reporting of …
Following the completion of financial restructuring and the acquisition of rival Pacific Drilling, offshore drilling contractor Noble Corporation has received approval for listing its ordinary shares on the New York Stock Exchange (NYSE). Noble Corporation said in a statement on Friday that trading is expected to start under the ticker symbol “NE” at the market …
Scale Gas, a subsidiary of Spanish energy company Enagás, and marine fuel supplier Peninsula have reached an agreement for the construction, joint ownership and charter of LNG bunker vessel that will provide services in the Strait of Gibraltar. Photo by Peninsula The vessel, set to be built at the South Korean Hyundai Mipo Shipyard, will …
Peninsula to own, operate LNG bunker barge with Scale Gas Read More »
Ardmore Shipping Corporation has inked definitive agreements for the investment into Element 1 Corp.’s methanol-to-hydrogen technology. The initial deal was revealed in March and it includes the establishment of the e1 Marine joint venture and Ardmore’s purchase of an approximately 10% equity stake in Element 1 Corp. Oregon-based E1 has developed advanced hydrogen generation systems used to power …
