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Ship Recycling Activity Under the Hong Kong Convention Influence

The impending enforcement of the Hong Kong Convention is bringing some turbulence in the ship recycling market, as compliance is a key factor. In its latest report, Best Oasis, a leading cash buyer of ships said that “as the Hong Kong Convention enforcement...

Newbuilding orders plunge amid regulatory and geopolitical uncertainty

New orders declined sharply in the first few months of 2025, reaching historically low levels, as shipowners avoid long-term investment decisions. The subdued ordering activity will persist until at least October 2025, with only a gradual recovery anticipated...

Norne and Port of Aalborg Sign 30-Year Exclusive Agreement, Accept EU CEF Grant and Launch Construction of CO2 Hub

Since establishing an exclusive partnership in 2021, the Norne Carbon Storage Hub (“Norne”), a Fidelis New Energy, LLC portfolio company, and the Port of Aalborg have executed definitive agreements for the Norne CO2 reception facility with the initial site designed to...

Norwegian officials, businesses optimistic on green maritime cooperation with China

From cutting-edge green ships to smart emission control systems, Norwegian officials and business leaders say that China-Norway maritime cooperation is entering a new phase — one that promises not only mutual economic benefits but also real progress in tackling global...

LR, HD Hyundai Mipo and PanOcean collaborate on new Ultramax Bulk Carrier design

Lloyd’s Register (LR), HD Hyundai Mipo Dockyard Co., Ltd (HMD) and PanOcean have signed a Joint Development Project (JDP) agreement for a new design of Ultramax bulk carrier. The JDP was formally presented during Nor-Shipping 2025, held at NOVA Spektrum in Lillestrøm,...

ABS Approves Ammonia Cracking Technology for Ships from Pherousa

ABS issued approval in principle (AIP) to Pherousa Shipping for its ammonia cracking technology onboard ships, featuring proton exchange membrane fuel cells and fuel gas supply system (FGSS) for fully electric propulsion. The emissions-free propulsion system is...

Ship Recycling Activity Under the Hong Kong Convention Influence

Newbuilding orders plunge amid regulatory and geopolitical uncertainty

Norne and Port of Aalborg Sign 30-Year Exclusive Agreement, Accept EU CEF Grant and Launch Construction of CO2 Hub

Norwegian officials, businesses optimistic on green maritime cooperation with China

LR, HD Hyundai Mipo and PanOcean collaborate on new Ultramax Bulk Carrier design

ABS Approves Ammonia Cracking Technology for Ships from Pherousa

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