Proman Stena Bulk Starts Steel Cutting For New Methanol-Fuelled Tanker Stena Pro Patria

Proman Stena Bulk Ltd confirmed that steel cutting has commenced for state-of-the-art IMOIIMeMAX methanol-fuelled 49,900 DWT vessel Stena Pro Patria, which is due for delivery in early 2022. Stena Pro Patria will be the first of the three methanol vessels to be built by the joint venture between...

https://www.hellenicshippingnews.com/proman-stena-bulk-starts-steel-cutting-for-new-methanol-fuelled-tanker-stena-pro-patria/

ExxonMobil signs distribution deal with Drew Marine to extend reliable delivery of flagship lubricants

ExxonMobil Marine Lubricants has signed an agreement with Drew Marine that will enhance the availability of its range of high performance oils and greases. Flagship grades, including Mobil SHC™ Aware™, will now be available via the global supply chain of Drew Marine, helping ensure international vessel operators have access to the lubricants they need, when …

The post ExxonMobil signs distribution deal with Drew Marine to extend reliable delivery of flagship lubricants first appeared on Hellenic...

https://www.hellenicshippingnews.com/exxonmobil-signs-distribution-deal-with-drew-marine-to-extend-reliable-delivery-of-flagship-lubricants/

Tonnage Tax Reductions Of Up To 30% With New Cyprus Green Incentives Programme

The Cyprus Shipping Deputy Ministry (SDM) has announced a new range of green incentives to reward vessels that demonstrate effective emissions reductions. From the fiscal year 2021, annual tonnage tax will be reduced by up to 30% for each vessel that demonstrates proactive measures to reduce its environmental impact, ensuring shipowners are rewarded for sustainable …

The post Tonnage Tax Reductions Of Up To 30% With New Cyprus Green Incentives Programme first appeared on Hellenic Shipping News...

https://www.hellenicshippingnews.com/tonnage-tax-reductions-of-up-to-30-with-new-cyprus-green-incentives-programme/

Blue ammonia to comprise bulk of hydrogen transportation due to lower costs: HSBC

Gas-based “blue” ammonia will comprise the bulk of future hydrogen transportation given its lower production costs compared with renewable ammonia and the ease in transport compared with liquified hydrogen, equity analyst HSBC said in a Jan. 18 research note. A key challenge in developing the hydrogen economy comes from the high cost of transportation, which …

The post Blue ammonia to comprise bulk of hydrogen transportation due to lower costs: HSBC first appeared on Hellenic Shipping News...

https://www.hellenicshippingnews.com/blue-ammonia-to-comprise-bulk-of-hydrogen-transportation-due-to-lower-costs-hsbc/

Håkan Agnevall assumes the position of CEO of Wärtsilä on 1 February 2021

As previously announced, Håkan Agnevall has been appointed President & CEO of Wärtsilä Corporation. He will assume the position on 1 February 2021. He succeeds Jaakko Eskola who will continue as a senior advisor to the Board and executive team until he retires on June 30, 2021. Source: Wärtsilä

The...

https://www.hellenicshippingnews.com/hakan-agnevall-assumes-the-position-of-ceo-of-wartsila-on-1-february-2021/

Freight ship sinks off Turkey’s Black Sea coast, two dead – coast guard

A Palau-flagged freight ship has sunk off the coast of Turkey’s Black Sea province of Bartin, killing two crew members, the coast guard said on Sunday, adding that search and rescue operations for more crew members were continuing. Bartin Governor Sinan Guner had initially said the ship, the ARVIN,...

https://www.hellenicshippingnews.com/freight-ship-sinks-off-turkeys-black-sea-coast-two-dead-coast-guard/

Ship fuel prices jump, spread widens. ‘Scrubber’ revival nigh?

One year ago — which seems like an eternity ago — no one in ocean shipping was talking about COVID. They were talking, ad nauseum, about fuel. About a massive spike in fuel prices due to a regulatory “tsunami” that would hammer liner companies’ 2020 financial results, inflate the cost of imported...

https://www.hellenicshippingnews.com/ship-fuel-prices-jump-spread-widens-scrubber-revival-nigh/

Seacor Holdings Statement Regarding Pending American Industrial Partners Tender Offer

SEACOR Holdings Inc. released the following statement today: This response is to the January 11, 2021 letter from T. Rowe Price (hereinafter “T. Rowe”) addressed to our Board of Directors regarding the pending tender offer (the “Offer”) by American Industrial Partners (“AIP”) to acquire 100% of the shares of SEACOR Holdings Inc. (“SEACOR”), and explains …

The post Seacor Holdings Statement Regarding Pending American Industrial Partners Tender Offer first appeared on Hellenic Shipping News...

https://www.hellenicshippingnews.com/seacor-holdings-statement-regarding-pending-american-industrial-partners-tender-offer/

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