A recent study on the upcoming FuelEU Maritime proposal finds that a promotion of biofuels may raise serious enforcement concerns, as a mandatory fuel standard is aimed to apply to fuels purchased also outside the EU. This could jeopardise the achievement of emissions reductions. The introduction of a complex compliance system implying the establishment of …
The Emissions Dashboard – a new Maersk digital tool – consolidates emissions data across all transport modes and carriers, enabling customers to set a baseline and uncover opportunities to optimize their emissions footprint. A.P. Moller – Maersk is further assisting its customers with decarbonising their supply chains with the launch of an Emissions Dashboard. The …
A.P. Moller – Maersk to provide end-to-end carbon footprint visibility Read More »
Rate levels continue to surge with the FBX composite index going above the USD 5000 level towards the end of May. This is compared to a pre-pandemic level below USD 1400. Even trades which had appeared to avoid the impact in 2020 have seen rates increase sharply in just the past few months. Examples abound …
FBX Index: Two new forces to decide rate development Read More »
In Navison Shipping A/S v Precious Pearls Ltd & Ors (the “Mookda Naree”)¹, the English Commercial Court recently considered whether a vessel was off-hire when she was arrested by a third party. The decision is an important reminder of the importance of careful drafting of off-hire provisions, and any applicable provisos, as well as a …
Mookda Naree: Off-hire when a vessel is under arrest Read More »
Following the arrival of a jack-up rig, Trident Energy is gearing up to drill three wells at its operated field located offshore Equatorial Guinea as the country is working to revitalise its oil and gas sector and offset declining hydrocarbon production. Energy Capital & Power, an Africa-focused global energy investment platform, on behalf of Equatorial …
Trident warming up for three-well campaign as E. Guinea works to offset declining output Read More »
This embedded content is only visible after accepting cookies. Change your preferences [embedded content] Chemical-laden feeder containership X-Press Pearl, which has been burning for almost two weeks off Sri Lanka’s coast, sank yesterday and touched the sea bottom, the Indian Coast Guard informed. “The ship’s aft portion is sitting on the seabed at a depth …
Video: Fire-stricken X-Press Pearl sinks. No oil pollution, says operator Read More »
Swedish energy system supplier Echandia Marine has obtained type approval from the classification society Bureau Veritas for its lithium titanium oxide (LTO) battery system. As disclosed, the solution aims to meet high international performance and safety requirements, as well as service life and reliability for at least 10 years of heavy operation without interruption. “Echandia …
Bureau Veritas grants first type approval for LTO battery system Read More »
South Korea’s Hyundai Samho Heavy Industries has won a contract for the construction of three very large crude carriers. According to the company’s parent Korea Shipbuilding & Offshore Engineering (KSOE), the contract is worth KRW 220 billion ($197 million). The shipowner behind the order is an undisclosed European-based shipping company. As disclosed, the ships are slated …
The Danish Environmental and Food Appeals Board has ruled to repeal the permit for the onshore part of the Baltic Pipe gas pipeline, which the Danish Environmental Protection Agency granted back in July 2019. According to the appeals board, the permit from the Environmental Protection Agency did not sufficiently describe the measures taken to protect …
BREAKING: Danes repeal Baltic Pipe environmental permit Read More »
Watson Farley & Williams (“WFW”) advised Global Ship Lease, Inc. (“GSL”), a NYSE-listed containership owner, on their US$14,734,500 sale and leaseback of one ship, GSL VIOLETTA (the ” Vessel”), with Neptune Maritime Leasing Limited (“Neptune”). This is GSL’s first sale and leaseback transaction, with the US$14,375,000 being made available to GSL under the sale and …
WFW advises Global Ship Lease on its first sale and leaseback Read More »
