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New Ice-Breaking LNG Carrier for Yamal LNG Project

TOKYO Mitsui O.S.K. Lines, Ltd. announced that on 11 September, a naming ceremony for an ice-breaking LNG carrier, which was jointly ordered by MOL and China COSCO Shipping Corporation Limited (China COSCO Shipping), was held at Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME). As a crowd of VIPs and personnel involved in the project […]

Volvo Penta sets 2021 as deadline to introduce electric power

Volvo Penta has issued a clear statement of intent with the news that by 2021 it will provide electrified power solutions for both its land and sea-based business segments. Underpinned by the success of hybrid and all-electric technology introduced by the Volvo Group, Volvo Penta’s electrified solutions will demonstrate the company’s long-term commitment to offering […]

Sovcomflot orders next generation large-capacity tankers from Zvezda with financing from VEB

During the 4th Eastern Economic Forum (EEF), PAO Sovcomflot (SCF Group) signed a set of agreements with Rosneft, Zvezda Shipbuilding Complex and VEB Group, placing orders with Zvezda for a series of two next generation large-capacity Aframax tankers. VEB-Leasing will finance the construction of the tankers, whilst a subsequent 20-year time-charter for them has been […]

Stena Line introduces first AI-assisted vessel

In close collaboration with the technology company Hitachi, an AI-model is being developed that will help predict the most fuel-efficient way to operate a certain vessel on a specific route. The model will be a support for the captain and officers on board, and if successful it will make an important contribution to Stena Line’s […]

Lexus LY 650 luxury yacht crafted in the spirit of amazing

Crafting amazing automobiles is something Lexus has pursued relentlessly, as evidenced by the beautiful hand-pleated door panels in the LS 500 or the complex paint process, inspired by the morpho butterfly, that results in dazzling Structural Blue. And crafting every touch point around the Lexus brand is an opportunity Lexus continues to seize. This maritime […]

Leading maritime companies sign gender equality pledge

Carnival chief Josh Weinstein among 40 maritime executives committing to greater diversity in the sector Carnival UK led a group of high-profile British businesses and trade bodies in signing a new charter aimed at tackling gender diversity in the maritime sector on Friday (6 July). The President of world’s largest cruise company’s UK business, Josh […]

Ukraine: PROHIBITED Import/Export

  In this article, we will speak about the most recent ones, and try to give an answer to the question how legal their affairs at the Ukrainian ports are, and what consequences «care about the Black Sea ecology» may cause for shipping parties. At present, environmental inspectors work according to the Regulation about the […]

Ship arrest in Ukraine: updated regulations

There are no doubts that the main occasion, which will determine the Ukrainian legal trends in sea carriage in 2018, is the entry into force of the Law of Ukraine No. 2147-VIII dd. 03.10.2017 “On amendments to the Commercial Procedural Code of Ukraine, Civil Procedural Code of Ukraine, Administrative Court Procedural Code of Ukraine and […]