Since the start of the conflict between Ukraine and Russia, a new breed of Tanker owners has emerged. Demand for Tankers increased, and this has caused Tanker freight rates to rise following a long period of stagnation, enticing new players to enter the market. Sanctions on Russian crude oil and clean petroleum products came into …
As seaborne Ukrainian grain exports via the Black Sea are stabilizing at above-average levels and shipment size exhibits positive momentum, traders’ and shipowners’ views are reported to diverge in the freight markets and Black Sea grains see turbulent trading. The UN-brokered Black Sea Grain Initiative, signed July 2022 by Russia, Ukraine and Turkey and renewed …
Black Sea Watch: Ukrainian grain flows stabilize above average amid turbulent trading Read More »
Lloyd’s Register has acquired a 50% interest in ISF Watchkeeper, the leading work and rest hours compliance software solution from IT Energy Systems and Consulting Limited. The acquisition will result in LR becoming a joint owner of ISF Watchkeeper with the International Chamber of Shipping (ICS). The partnership that will combine the pair’s formidable compliance …
LR and ICS enter partnership to invest in crew insight software Read More »
Watson Farley & Williams (“WFW”) has advised Société Générale on the financing and delivery of the 174,000 cbm Class LNG vessel “Lech Kaczyński” (the “vessel”) built and completed in December 2022 by Hyundai Heavy Industry Co., Ltd., South Korea. The vessel is subject to financing by way of crédit-bail, partially backed by Export Credit Agency …
WFW advises Société Générale on financing and delivery of vessel “Lech Kaczyński” Read More »
In the wake of the global energy crisis and growing geopolitical challenges, the mounting pressure to strengthen the security of energy supply seems to permeate the world. However, this is far from easy to accomplish in these turbulent times due to multiple facets. One among the myriad of aspects to be considered in regard to …
Pursuing stable energy supplies by preventing and curtailing offshore incidents Read More »
This is a free premium article to give you a sample of what Offshore Energy has to offer as part of our premium section. Image credit methanex/photo credit Jason Furrate from Media Furrate Upgrade for premium access here. The decarbonization conundrum in the shipping industry persists due to a multitude of challenges, including the high …
Hexter: There are virtually no barriers to adoption of methanol Read More »
Plug Power, a provider of turnkey hydrogen solutions for the global green hydrogen economy, has manufactured 122 MW of its 1 MW electrolyser stack platform in Q1 2023, which, according to Plug, is an all-time high for the company and the industry for PEM electrolysers. Courtesy of Plug Power Additionally, Plug said it shipped nearly …
Plug Power sees record production of PEM electrolyser stacks in Q1 2023 Read More »
Ballast water management solutions provider Bawat Water Technologies and Damen Green Solutions, a member of the Dutch Damen Shipyards Group, have signed a Term Sheet to create a joint venture in the field of ballast water treatment systems. Image credit Bawat The joint venture will merge Damen’s InvaSave program with Bawat technology to create a …
Bawat Water Technologies and Damen Green Solutions join hands on mobile BWMS Read More »
Taiwanese container shipping giant Yang Ming has been described as the container industry’s ‘emission hero’ for all relevant CEI-covered trades in Q4 2022, according to an analysis of Xeneta’s Carbon Emissions Index (CEI). Illustration; Image by Yang Ming Xeneta said that Yang Ming was the industry’s only major player to score below the CEI performance …
Xeneta praises Yang Ming as container industry’s ‘emission hero’ in Q4 2022 Read More »
On March 3, 2023, the International Maritime Organization (IMO), a specialized agency of the United Nations that regulates international shipping, announced its research project into the availability of low and zero-carbon marine fuels and technology.[1] The Future Fuels and Technology for Low and Zero-Carbon Shipping Project (FFT Project) is one of several initial steps that …
International Maritime Organization Implements Future Fuels and Technology Project Read More »
