The Sustainable Energy Council (SEC) & RX Global have announced the shortlist of nominees for the World Hydrogen 2025 Awards, comprised of 24 extraordinary projects, companies and individuals who are transforming the hydrogen industry. The winners will be announced on 20th May 2025 at a ceremony at the Rotterdam Ahoy, as part of the World …
Shortlist Announced for World Hydrogen Awards & Public Voting Now Open Read More »
The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, fell for the third successive session on Wednesday, pressured by weak demand for capesize and panamax vessels. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 13 points at 1,637 points. …
Baltic Index Falls For Third Straight Session On Lower Capesize, Panamax Rates Read More »
The dry bulk freight market is currently experiencing a significant upswing, primarily fueled by a notable decrease in the number of ballasters on the C3 route. This has led to anticipation of a market undersupply in the coming weeks, fostering a bullish sentiment among market participants. Iron Ore Dynamics and China’s Strategic Positioning China is …
Dry Weekly Market Monitor: Capesize Market Analysis – C3 route Read More »
Hecla Emissions Management, a leading provider of emissions compliance management solutions to the shipping industry, today announced that its Compliance Market Indicator (CMI) has risen to an average of €470 per tonne CO2e in March, highlighting the rising costs of compliance. The Hecla CMI provides a benchmark price for FuelEU Maritime surplus, providing shipowners and …
Hecla: FuelEU Maritime compliance costs up 12% since December 2024 Read More »
IMO to develop global strategy for maritime digitalization: IMO to develop global strategy for maritime digitalization banner medium The International Maritime Organization (IMO) is taking action to create a comprehensive strategy that harnesses emerging technologies to turbo-charge efficiency, safety and sustainability in the shipping industry. A roadmap for digital transformation During its 49th session in …
IMO to develop global strategy for maritime digitalization Read More »
Strength in the Asia high sulphur fuel oil (HSFO) market eased further on Wednesday as the market eyed heavy supply. More cargoes from the Middle East are expected to land in Asia this month as an earlier rally in HSFO prices drove more barrels to the region, trade sources said. Singapore’s 380-cst HSFO cash premium …
HSFO softens further as market eyes heavy inflows Read More »
Verdagy has selected Black & Veatch as the front-end engineering and design (FEED) contractor for its 60-megawatt (MW) clean hydrogen project near the Gulf Coast in Texas. The post Black & Veatch lands FEED contract for Verdagy’s 60 MW hydrogen project in Texas appeared first on Offshore Energy.
Gulf Marine Services (GMS), a UAE-headquartered provider of self-propelled and self-elevating support vessels for the offshore energy sector, has picked up a new contract for a vessel from its fleet in the Middle East. The post One new gig and two extensions keeping GMS vessels busy in Middle East appeared first on Offshore Energy.
Swedish marine technology Alfa Laval has secured its first contract for the ammonia fuel supply system that would be installed onboard seven ammonia dual-fuel LPG/ammonia carriers owned by Chinese shipowner Tianjin Southwest Maritime (TSM). The post Alfa Laval secures 1st ammonia FSS contract in China appeared first on Offshore Energy.
Finnish shipping company ESL Shipping and Sweden’s steelmaker SSAB have extended their long-term agreement […] The post ESL Shipping and SSAB set sights on fossil-free shipping in renewed agreement appeared first on Offshore Energy.
