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Sustainable technologies for future long distance shipping towards complete decarbonization

The global maritime sector is responsible for about 3 % of greenhouse gas emissions. Traditional marine fuels such as heavy fuel oil and marine diesel are carbon-intensive and emit sulfur oxides, nitrogen oxides as well as particulate matter that can damage human health, degrade marine ecosystems and contribute to climate change. The ENGIMMONIA(opens in new …

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Tanker Market Improved Last Week

Clean LR2 LR2 freight in the MEG improved gently again this week. The TC1 75kt MEG/Japan index went from WS150.28 to WS156.78. A TC20 90kt MEG/UK-Continent trip also climbed up $259,375 to $4.23 million. West of Suez, Mediterranean/East LR2’s ended the week $213,000 higher at $3.19 million for a TC15 Baltic description voyage. This took …

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China to build land-based ‘Suez Canal’ to connect Europe and Asia, bypassing shipping routes

China is quietly building alternative routes to help it export goods to Europe, without passing through its South Sea, to avoid tensions with the United States and its allies in the region. The mountainous city of Chongqing in China has become a major hub for an overland trade route that some say could become the …

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