• 2021 October 19 17:44

    Klaveness Combination Carriers sells a 21-years old CABU vessel

    A subsidiary of Klaveness Combination Carriers ASA (“KCC”) has concluded a sale of the 2001-built CABU vessel, MV Banasol, as a dry bulk vessel, according to the company's release.

    Second-hand values for older panamax dry bulk vessels have increased by around 150% to date in 2021, representing an opportunity to sell the oldest vessel in KCC’s fleet and to start preparing for a renewal of the CABU fleet. The vessel is expected to be delivered to the new owner in December 2021. The sale will generate an estimated profit of USD 6.5 million and an estimated net cash effect of USD 10.6 million, recognized in the fourth quarter.

    About Klaveness Combination Carriers ASA:

    KCC is the world leader in combination carriers, owning and operating nine CABU and eight CLEANBU vessels. KCC’s combination carriers are built for transportation of both wet and dry bulk cargoes, being operated in trades where the vessels efficiently combine dry and wet cargoes with minimum ballast. Through their high utilization and efficiency, the vessels emit up to 40% less CO2 per transported ton compared to standard tanker and dry bulk vessels in current and targeted combination trading patterns.


2024 July 13

15:47 €11 million for 1-MW Dynamic Electrolyser Unit
14:11 PSA Group and Singapore mitigate impact of global supply chain disruptions
12:23 NREL: Offshore wind turbines offer path for clean hydrogen production
10:06 MMMCZCS releases a technical, environmental, and techno-economic analysis of the impacts of vessels preparation and conversion

2024 July 12

18:00 Qingdao Port International to buy oil terminal assets for $1.30 billion
17:36 Saipem signs framework agreement with bp for offshore activities in Azerbaijan
17:06 AG&P LNG and BK LNG Solution signs an agreement to bring BKLS's first LNG spot cargo into China
16:31 Allseas removes final Brent platform with historic lift
15:58 ZPMC Qidong Marine Engineering launches the world’s largest FPSO bow section for Petrobras
15:25 MSC acquires Gram Car Carriers
14:58 ABP boosts marine capability through pilot launch upgrades
14:34 Fincantieri receives ISO 31030 attestation from RINA
13:52 Second new dual-fuel fast Ro-Pax ferry to enter service for Balearia after successful sea trials
13:24 ADNOC deploys AIQ’s world-first RoboWell AI solution in offshore operations
12:59 ABS issues AIP for new gangway design from Pengrui and COSCO
11:38 Port of Long Beach data project receives $7.875 mln to speed goods delivery
11:15 ZeroNorth to provide its eBDN solution on 12 barges operated by Vitol Bunkers in Singapore
10:46 Seatrium secures customer contract agreement from Teekay Shipping for the repairs and upgrades of a fleet of vessels
10:14 Liquid Wind and Uniper enter into strategic partnership to accelerate the development of eFuels

2024 July 11

18:06 Yanmar and Amogy to explore ammonia-to-hydrogen integration for decarbonized marine power
17:36 COSCO Shipping receives first 7500 CEU LNG dual-fuel PCTC
17:06 Monjasa adds two tankers and targeting West Africa’s offshore industry
16:34 Biden administration announces funding for 15 small shipyards in 12 states
16:10 Iran's Ports and Maritime Organization attracts nearly $1.7bln of investment in ports, maritime sector
15:52 The added value of Chinese port cities up to US$869.05 bln in 2023
15:25 HD Hyundai becomes first Korean shipbuilder to sign MSRA with US Navy
13:41 NovaAlgoma orders the world’s largest cement carrier
13:21 Steerprop selected to provide comprehensive propulsion systems for world's largest cable-laying vessel
12:41 Integrated Wartsila propulsion package supports decarbonisation and efficiency goals for James Fisher tankers
12:36 MABUX: Bunker Outlook, Week 28, 2024
12:10 Valencia Port Authority signs an agreement with C.N.E. Hydrogen and Fuel Cells to promote hydrogen research
11:41 Long Beach, Los Angeles ports partner for zero-emissions future
11:16 Iraq to establish maritime single window for major ports
10:46 James Fisher completes its largest decommissioning project to date

2024 July 10

18:00 MET Group secures long-term US LNG source from Shell
17:36 bp, Mitsui, Shell and TotalEnergies join to ADNOC’s Ruwais LNG project
17:06 HD Hyundai Samho extends a pier at its shipyard in Yeongam, South Jeolla
16:45 Panama Canal plans new $1.6bn reservoir to address water shortages
16:25 Ocean Power Technologies signs agreement with AltaSea to advance wave power projects
15:52 WinGD completes type approval testing for new short-stroke engine size
15:32 PIL has the most reliable schedule among the top 12 container lines in Q2 2024
14:56 Fincantieri celebrates the keel laying of the first ultra-luxury vessel for Four Seasons Yachts at the shipyard in Ancona
14:20 Ningbo-Zhoushan port sees 8.4% container volume growth in H1
13:43 MOL announces delivery of bulk carrier Green Winds, 2nd vessel equipped with wind challenger hard sail propulsion system
13:23 BHP, Pan Pacific Copper and Norsepower deploy wind-assisted propulsion technology on vessel that set sail this month
12:43 MEYER WERFT to build Disney Wish-сlass сruise ship for Oriental Land Company to operate in Japan
12:25 South African Maritime Safety Authority try to rescue a cargo ship that ran aground on Cape west coast
11:50 SAAM Terminals partners with Next Port AI to boost digital solutions in ports
11:10 HD Korea Shipbuilding launches translation service for foreign workers
10:41 Kelvin Hughes awarded second phase VTS Radar System contract by Port of Marseille Fos
10:07 Hengli Group to invest an additional 9.2 billion RMB to build the Hengli Heavy Industry Industrial Park
09:46 X-Press Feeders starts Europe’s first feeder network powered by green methanol

2024 July 9

18:04 A historical replica of the Russian frigate Shtandart was denied access to Finistère ports
17:26 Freight rates for VLCC from the US to the key Asian market down more than 20 per cent since late May
17:06 Boskalis to acquire all remaining shares in Smit Lamnalco
16:42 Gautam Adani plans to build ships at Mundra Port
16:19 Singapore port congestion threatens to gum up global trade
15:56 Eastern Shipbuilding awarded contract to construct four escort tugs for Saltchuk
15:39 Ports in Texas assess the damage from Hurricane Beryl
14:12 Berge Bulk announced the successful installation of four emissions-reducing Rotor Sails on the Valemax ore carrier
13:54 Wartsila simulators to support Singapore's Wavelink Maritime Institute with preparing crew for shipping's sustainable fuels
13:24 MPA and NYK form partnership to advance maritime sustainability, digitalisation and manpower development
12:43 H-LINE Shipping takes delivery of LNG-fueled 7,000 CEU car carrier
12:12 Value Maritime to decarbonise two ForestWave general cargo sister ships
11:42 DNV rules create new in-operation class framework, enable hydrogen vessels and on-board carbon capture
10:45 Danaos orders five container vessels with an aggregate price of $509 million
10:14 GTT Strategic Ventures invests in Seaber.io, specialising in the digitalisation of bulk shipping

2024 July 8

18:02 Port of Hamburg named "Best Global Seaport"
17:30 Amsterdam will reduce number of sea cruises by half in 2026 and aims for the terminal to leave the city in 2035
17:10 Pantheon Tankers ship damaged after hitting reef off the Cayman Islands