The two additional newbuildings planned – Explora V and Explora VI – will use LNG as a main fuel as well as green hydrogen to bring emissions down to zero in port.
The vessels will be equipped with a dual-fuel engine setup which enables operation on methanol as well as conventional MGO.
The vessels, which will be on seven-year long term charters to Israeli line operator Zim following delivery scheduled in early 2024, represent MPCC’s first ever newbuild order.
The 5,500 TEU vessels will have a new eco-friendly design allowing for a 40% reduction in fuel consumption compared to the existing fleet and are ready for conversion to carbon-neutral operations based on green methanol.
Dogger Bank is being developed in three phases which, when operational, will be the world’s largest offshore wind farm with a total installed capacity of 3.6 GW.
WFW advises ORD on shipbuilding contract for development of luxury residential vessel M/Y Njord13 August 2021
The M/Y Njord, which has a target delivery date in 2025, is a 289-metre private residential yacht featuring 117 luxury residences. Its primary goal is to act as a home base for individuals and families sharing a passion for travel, adventure and discovery across the oceans.
Valiant Lady is the second of four cruise ships ordered by Virgin and is expected to be based in the Mediterranean by 2022.
WFW advises BPER Banca, CDP, Banca Popolare di Sondrio and SACE on €31.5m Fratelli Cosulich financing26 May 2021
WFW has advised a consortium of banks on a €31.5m loan to Fratelli Cosulich to finance the construction of an 8,200mc gas carrier.
The transaction was approved, subject to conditions, earlier in the year and involved the financial and commercial arrangements relating to the acquisition by TUIC of the HL Cruises’ business, including its luxury and expedition fleet, consisting of two five-star plus category luxury vessels and three expedition cruise ships.
This briefing examines recent IMO guidance relating to delays of ship deliveries due to COVID-19.