The Baltic Exchange’s main sea freight index edged higher on Friday on stronger demand in the larger capesize vessel segment, although it marked its first weekly decline in five. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained 5 points to 1,489. The index, however, was down about 3% …
The International Chamber of Shipping’s reaction on the latest IMO meeting was one of disappointment. Following is ICS’s comment after the conclusion of the Intersessional Working Group on Reduction of GHG Emissions from Ships (IMO ISWG-GHG 14.) Guy Platten, the Secretary General of the International Chamber of Shipping, comment following the conclusion of the IMO …
IMM Private Equity Inc. and IMM Investment Corp. shortlisted five overseas companies in its bid to sell its entire 100 percent stake in South Korea’s largest liquefied natural gas shipping company, according to sources in the investment banking industry on Thursday. Companies from the U.S., the U.K., Greece and Denmark were shortlisted from a preliminary …
IMM shortlists 5 overseas firms in sale of Korea’s No. 1 LNG shipping company Read More »
A.P. Moller-Maersk (Maersk) announced today that the company has signed a Memorandum of Understanding (MOU) with Shanghai International Port Group (SIPG) on strategic cooperation for Shanghai Port methanol marine fuel project. The two parties will join hands to explore green methanol fuel vessel-to-vessel bunkering operation after Maersk’s green methanol container vessels being delivered in 2024. …
Maersk signs MOU with Shanghai International Port Group on green methanol bunkering Read More »
North America Prompt availability remains tight for all grades in Houston and a lead time of 6-7 days is generally recommended to ensure full coverage from all suppliers in the area. The Houston Ship Channel is expected to face fog-related disruptions on Saturday. Prompt supply of VLSFO and LSMGO is tight in Bolivar Roads. Most …
Swiss-based marine engine technology developer, WinGD, received the “Digital Solutions Provider of the year” award at the Shiptek International Awards 2023, held in Dubai, UAE, for the WinGD Integrated Digital Expert (WiDE), a comprehensive system that provides shipowners and operators with full awareness of their ships’ operating condition. As a leader in developing smart shipping …
Watson Farley & Williams (“WFW”) has been assisting Anglo American with its sustainable maritime transportation strategy, the first phase of which has culminated in January 2023 with the loading of first cargo for m.v. ‘UBUNTU HARMONY’. The vessel is the first in a series of ten 190,000 deadweight LNG dual-fuelled bulk carriers constructed, or under …
WFW advises Anglo American on its Maritime Transportation Strategy Read More »
In a world troubled by climate change and energy crisis, it has become clear that hydrogen will play a significant role in creating a low-carbon energy mix. Multiple studies have explored its advantages in decarbonising hard-to-abate sectors and boosting the security of supplies as new pilot and large-scale production projects emerge in Europe, with the …
In focus: Offshore hydrogen steals the show once again Read More »
Swiss marine power company WinGD has announced it will supply 10X92DF-M methanol-fuelled engines to four 16,000 TEU container vessels to be built for Chinese COSCO Shipping Lines at COSCO Shipping Heavy Industry (Yangzhou) site. Courtesy of WinGD The vessels are scheduled for delivery from 2025, and according to WinGD, will feature its first X92DF-M engines …
WinGD to deliver methanol-fuelled engines for COSCO container vessels Read More »
After the UK made changes to the UK Energy Profits Levy (EPL), increasing it to 75 per cent for oil and gas producers, many operators, including oil majors, have pointed out that this has the potential to drive out investments in the UK’s oil and gas sector. In line with this, Westwood Global Energy highlights that …
