E&S Tankers, a Germany-based joint venture between shipping companies Essberger Tankers and Stolt Tankers, has christened the first of four new LNG-powered parcel chemical tankers. NOW GmbH The 6,600 dwt Liselotte Essberger was named during its first visit to Hamburg on December 6, 2023. The ceremony was held at the Altona cruise terminal in the …
LNG-powered tanker Liselotte Essberger named in Hamburg Read More »
Japanese energy company INPEX Corporation has received written approval for the revised development plan for its Abadi LNG project in Indonesia. INPEX received the approval on behalf of the joint venture composed of INPEX Masela, PHE Masela, and Petronas Masela. The company submitted a revised Plan of Development (POD) to Indonesian government authorities on April …
INPEX: Authorities clear revised development plan for Abadi LNG project Read More »
The US Department of Energy’s Oak Ridge National Laboratory (ORNL) and engine manufacturer Caterpillar have entered into a cooperative research and development agreement (CRADA) to investigate using methanol as an alternative fuel source for four-stroke internal combustion marine engines. Oak Ridge National Laboratory Under the terms of the CRADA, ORNL researchers will work with Caterpillar over …
ORNL, Caterpillar to work on methanol use in marine engines Read More »
Canada has signed a memorandum of understanding (MOU) to pursue the establishment of a green shipping corridor between Canada’s West Coast and ports in the United Arab Emirates, Korea and Japan. The announcement was made by Pablo Rodriguez, the Minister of Transport, on the margins of COP28. The international, multi-port, multi-jurisdictional green maritime corridor will …
‘West Green Shipping Corridor’ to link North America and Asia Read More »
The Baltic Exchange’s dry bulk sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a third straight session on Thursday, as rates across all vessel segments declined. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels was down 353 points, or 12.4%, at 2,495 – its …
Baltic index extends losses on lower vessel demand Read More »
In the first week of December, both the Capesize and Panamax freight markets experienced a remarkable upswing, reaching their highest levels of the past year. The larger vessel categories experienced an unexpected turnaround in sentiment and recorded a remarkable upswing. However, the smaller vessel categories are still struggling to develop stronger momentum, although there are …
So far this year, container volumes have fallen nearly 2% year-on-year while average freight rates have declined, reaching 2019 levels in September. Since then, they have continued to fall. However, the cost to charter a ship remains 25% higher than in 2019. Liner operators continue to struggle with a worsening supply/demand balance, affecting freight rates. …
Container freight rates fall to 2019 levels while costs remain high Read More »
To deliver on the goal of net zero emissions for shipping by 2050, IMO greenhouse gas regulations must rest on solid foundations. Liner shipping is committed to decarbonising quickly and efficiently, and to support this process the World Shipping Council (WSC) has today published its first contribution to negotiations at IMO MEPC 81, with a …
Delivering net zero by 2050: The Cornerstones of Effective IMO Climate Regulations Read More »
Hayfin Capital Management (“Hayfin”), a leading alternative credit platform, today announces that it has completed a fundraising process for its Maritime Yield strategy. Having attracted c.$400m in capital commitments for the fund, Hayfin will have the capacity to acquire up to $1bn of shipping assets when coupled with conservative debt financing. Through the Maritime Yield …
El proyecto tiene un presupuesto de 27,5 millones de euros, que serán financiados con fondos Next Generation Las obras se iniciarán en los primeros meses de 2024 y concluirán en 2026, de forma que las vías interiores estarán operativas cuando termine la construcción del acceso con la red general La Autoridad Portuaria de A Coruña …
