Just as there is no easy route to decarbonisation, there is no straightforward way of balancing a shipowner’s obligation to comply with the MARPOL Carbon Intensity Indicator (“CII”) Regulations with a time charterer’s right to direct the employment of a vessel. That much is clear from the long-awaited BIMCO CII Operations Clause for Time Charters …
BIMCO CII Clause for Time Charters – The dust begins to settle Read More »
On December 2 and 3, 2022, the G7 (the United States, Canada, France, Germany, Italy, Japan and the United Kingdom) and Australia,[1] and the Council of the European Union (“EU”)[2] (collectively, the “Price Cap Coalition”), announced the setting of a price cap of $60 per barrel on seaborne crude oil which originates in or is …
The Crown Estate has announced the awarding of the first contracts for its first major investment in surveys to help with the construction of floating offshore wind farms in the Celtic Sea. The awarding of the first contracts marks an important step in what is anticipated to be a multi-million pound series of technical and …
Crown Estate accelerates Celtic Sea floating offshore wind surveys Read More »
European energy ministers have reached a political agreement under which the price of natural gas in the European Union will be capped in case it reaches excessive levels that do not reflect world market prices. The mechanism will be automatically activated in case the month-ahead price on the Title Transfer Facility (TTF) exceeds 180€ per MWh …
European energy ministers agree to cap gas prices Read More »
Eagle Bulk Shipping Inc., one of the world’s largest owner-operators within the midsize drybulk segment, today announced that it will transfer the listing of its shares from the Nasdaq Global Select Market (“Nasdaq”) to the New York Stock Exchange (“NYSE”). Eagle expects to commence trading as a NYSE-listed company at market open on January 4, …
Eagle Bulk Shipping Inc. Announces Transfer of Listing to the New York Stock Exchange Read More »
The Isle of Man Ship Registry (IOMSR) is expanding its reach into ASEAN region after joining the Singapore headquartered Asian Shipowners Association (ASA). The IOMSR deputy director Toby Brooks said the flag state represents a third of tonnage under the Red Ensign and is joining the ASA as an associate member to participate in members …
Isle of Man Ship Registry expands East with membership of Asian Shipowners Association Read More »
TECO 2030 has received a purchase order for a future funnel from an undisclosed large European shipowner. The contract value is approx. NOK 5.5 million with an estimated delivery at the end of Q1, beginning of Q2 2023. The project will be handled by TECO 2030’s team at Lysaker, and engineering service company BLOM Maritime, …
TECO 2030 sells its first Future Funnel – BREAKTHROUGH Read More »
essDOCS, a part of Intercontinental Exchange, Inc. (NYSE: ICE), today announced the launch of ICE Digital Trade Documents (DTD) for Energy Terminals & Refineries, a first-of-its kind, highly configurable solution digitizing post-trade and shipping processes for the oil, gas and petrochemical industries. The news follows a series of successful DTD trials for refined product shipments …
Digital Trade Documents (DTD) for Energy Terminal & Refineries Read More »
Finnish shipbuilder Rauma Marine (RMC) has launched the construction of the second car and passenger ferry being built for the Spirit of Tasmania (TT-Line) based in Australia. The steel-cutting ceremony for the vessel, named Spirit of Tasmania V, was held on December 20. The construction of the first vessel from the series kicked off in February …
Rauma cuts steel for 2nd LNG-powered Spirit of Tasmania RoPax ferry Read More »
Holland Shipyards Group has won a contract for the construction of three multi-purpose coasters of 3,800 dwt from Hartel Shipping & Chartering. The new vessels, designed by Conoship, measure 89,42 m by 13,20 m and will have a cargo hold capacity of 5.530 m³ and a tween deck to allow for increased project cargo capacity. …
Holland Shipyards bags deal for wind-ready MPP coaster trio Read More »
