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Shipping needs strict deadlines to boost decarbonization, says PSL MD

Expediting shipping industry’s decarbonization pathway warrants harsh regulatory intervention, uniform global rules with strict deadlines, and an entire eco-chain that fosters the adoption of zero-carbon fuels such as ammonia, Precious Shipping Limited, or PSL, MD Khalid Hashim said. “Don’t give options, give deadlines,” Hashim told S&P Global Commodity Insights in an interview, adding that the …

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Taking methanol propulsion for MR tankers to the next level

Proman Stena Bulk is a joint venture between a methanol producer and a tanker operator. Its purpose is to build and operate the most efficient methanol-fuelled tanker fleet in the market with a smooth transition path towards net zero, and demonstrate the feasibility of methanol as a decarbonization option. As the shipping industry ponders its …

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FBX Index May 2023: Looking forward

Much ado about spring General Rate Increases on the transpacific trade through the end of April, with FBX01 China/East Asia to North America West Coast bumping up almost 71% in one day as the GRI posts. The forecasts for transpacific in the near-term rode almost entirely on this GRI, with very little actual positive change …

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Energy efficiency measures help shipping companies improve CII ratings

A vessel’s CII rating can be enhanced through energy-saving measures, according to the IMO. A case in point is HMM, which cut its fleet’s CO2 intensity by 24% between 2019-2021. The International Maritime Organisation’s (IMO) Carbon Intensity Indicator (CII) regulation came into effect for all cargo, RoPax and cruise vessels above 5,000 gross tonnes from …

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What will happen if Russia blocks Black Sea grain ships?

Russia is threatening to pull the plug on the Black Sea Grain Initiative on May 18, blocking Ukrainian seaborne exports of corn and wheat. The European Union has banned Ukrainian agriculture exports to neighboring Romania, Bulgaria, Poland, Hungary and Slovakia until June 5, with an extension through year-end possible, due to local pricing pressures. The …

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Digital transformation ‘paramount’ for Africa to reap the benefits of oil & gas boom

African countries have been making the headlines over the past few years thanks to the oil and gas industry, however, the region is lagging behind in its digital uptake, which is putting at risk its ambition to become a gas-powered economy by 2030. Nigeria is one of the countries actively working to harness their oil and …

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Update: Crew of Monjasa Reformer freed from pirates

Six crew members, who were kidnapped by pirates from Monjasa Reformer, an oil and chemical tanker, in the Gulf of Guinea in late March have been rescued from an undisclosed location in Nigeria, as confirmed by the ship’s owner, Monjasa, on Monday. Monjasa Reformer; Image credit French Navy The Danish-owned vessel was seized on March …

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EPS, Jiangnan ink deal for construction of world’s largest ammonia carriers

Jiangnan Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), has signed a contract with Singaporean shipping company Eastern Pacific Shipping (EPS) for the construction of four Very Large Ammonia Carriers (VLAC) with a capacity of 93,000 cubic meters. Image credit Jiangnan Shipbuilding The Chinese shipbuilder said that based on their capacity these will be the largest ammonia carriers in the world. This type …

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Coastal GasLink ends winter season with nearly 87% of construction complete

TC Energy-led Coastal GasLink has entered spring with nearly 87% of construction complete. Coastal GasLink In an April update on its official website, it listed the following achievements: 85% of all water crossings completed Access to the Headwall, one of the project’s Steep Slopes in the Rocky Mountains, completed More than 567 km of pipe …

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MSC inicia conexión rápida Haiphong – California y lanza servicio Asia – India

La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …

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