Clarksons Research have released their latest Green Technology Tracker, including full year 2024 data points, charting the progress of alternative fuel uptake and investments in energy saving technologies across the global shipping fleet. Summarising the latest Tracker, Steve Gordon, Global Head of Clarksons Research, commented: “With overall newbuild order volumes reaching their highest level since …
Shipowners continued to invest for a future of lower emissions in 2024, with 600 vessels capable of using alternative fuels ordered (to December 13[i]). The new orders grew the total orderbook by more than 50%, to 1,737 vessels. The in-service alternative-fuelled fleet also grew strongly, up 18% to 1,860 vessels. Combined with current orders, the …
Alternative-fuelled ship orders grow 50% in 2024 Read More »
The VLGC market will navigate a complex landscape in 2025, shaped by a mix of positive and negative factors, such as robust LPG trade and ample fleet supply, which will take rates below 2024 levels. This market will be characterised by surplus vessel availability despite fewer deliveries next year, limiting any potential upside in rates. …
Overcapacity and uncertain petchem recovery cloud LPG Shipping Read More »
Drewry’s World Container Index increased 3% to $3,905 per 40ft container this week. Our detailed assessment for Thursday, 02 January 2025 The Drewry WCI composite index increased 3% to $3,905 per 40ft container, 62% below the previous pandemic peak of $10,377 in September 2021 but 175% more than the average $1,420 in 2019 (pre-pandemic). The …
Drewry: World Container Index Up By 3% Last Week Read More »
Technology group Wärtsilä has been included as an index component of the Dow Jones Sustainability Index Europe (DJSI) for the ninth consecutive time. The company was assessed based on its 2023 performance and was ranked within the top four per cent of its peers in the IEQ Machinery and Electrical Equipment sector with a total …
Wärtsilä included in the Dow Jones Sustainability Index for ninth consecutive year Read More »
Spot benchmarks for fuel oil ended the week on a steady to softer note, while bids and offers were mostly rangebound from the previous session. Singapore cash differential for very low sulphur fuel oil (VLSFO) was pegged at a premium of $2 a metric ton to cargo quotes on Friday, little changed from Thursday. (MFO05-SIN-DIF) …
Fuel Oil Benchmarks ease; discussions largely rangebound Read More »
As the United States nears its 250-year celebration, what is old may be new again in the shipyard space. The uptick in shipyard-related legal and regulatory work during the Biden Administration has been notable and is expected to exponentially increase in the second Trump Administration. The shipping industry in this country is acutely aware that …
Growth Likely on the Horizon for America’s Shipyards in 2nd Trump Administration Read More »
The Eagle S is suspected of damaging the Estlink-2 power cable which runs under the Baltic Sea between Finland and Estonia by dragging its anchor along the seabed on Christmas Day. Police in Finland say the crew of a Russia-linked tanker suspected of damaging a power cable under the Baltic Sea have been detained indefinitely. …
Finnish police detain Russian ‘ghost fleet’ ship crew as cable damage probe continues Read More »
Primer Oficial de Máquinas para buque Bulk Carrier – 7.400 USD/mes Second Engineer on Bulk Carrier 7400 $ per month Duration of contract: 3+1 m Vessel’s Type: Bulk Carrier Alina@desecrew.com La entrada Primer Oficial de Máquinas para buque Bulk Carrier – 7.400 USD/mes se publicó primero en Actualidad Marítima y Portuaria.
H2Carrier and Greenstat Hydrogen India (GHI) have signed a memorandum of understanding (MoU) to accelerate the development and deployment of green hydrogen and ammonia projects located in India and Sri Lanka. The post H2Carrier, Greenstat to work on hydrogen and ammonia projects in India and Sri Lanka appeared first on Offshore Energy.
