This week’s special focus is on the dirty oil flows from Arabian Gulf origin countries to all destinations, particularly in light of the ongoing Middle East tensions. Below, we examine the evolution of these flows between 2023 and 2024, comparing the monthly volumes. In the first quarter of this year, the flow of shipments from …
Snapshot of Crude and Product Freight Rates, Supply-Demand Read More »
Liquefied natural gas (lng) is currently taking the lead as a transitional fuel; however, several potential zero-emission fuels such as methanol and hydrogen are also on the rise. it is uncertain which fuel will be the preferred choice of the future, and it is likely that a variety of alternative fuels will be required to …
Kongsberg Maritime is to begin a trial of Eutelsat OneWeb’s low Earth orbit (LEO) satellite internet service on an autonomous barge operation across the Oslo Fjord. In a collaborative project with the help of Norwegian telecommunications provider Telenor Maritime, a zero-emission, electric barge, owned and operated by grocery distributor ASKO, will be equipped with Eutelsat …
Part 1: Concepts and approaches This insight brief is the first in a two-part series exploring the topic of demand aggregation for zero-emission shipping fuels and the role it can play in supporting their early uptake in the sector. It provides an overview of the challenges early movers are experiencing in securing green methanol and …
Aggregating demand for zero-emission shipping fuels: Concepts and approaches Read More »
On August 23, the ammonia-fueled tugboat Sakigake was completed by NYK and IHI Power Systems Co., Ltd. (IHI Power Systems) in cooperation with Nippon Kaiji Kyokai (ClassNK). This is the world’s first ammonia-fueled vessel for commercial use.* The NYK Group company Shin-Nippon Kaiyosha will employ the vessel in tugboat operations in Tokyo Bay over a …
The presence of wind-powered shipping will be more prevalent than ever before at the upcoming SMM trade fair in Hamburg, reflecting the industry’s growing movement back towards using the renewable energy source that once powered the majority of the maritime fleet until the late 19th century. Modern wind propulsion solutions enable ship operators to harness …
Powerful wave of wind propulsion set to crash over the bow of SMM 2024 Read More »
In the insurance dispute MOK Petro Energy FZC -v- Argo (No. 604) Ltd & others (F1) [2024] EWHC 1935 (Comm), the Court has carefully examined the cause and timing of alleged cargo contamination and provided helpful analysis of Sections 10 and 11 of the Insurance Act 2015 (IA 2015). Finding for the defendant insurers, the …
The board of directors (“the Board”) of COSCO SHIPPING International (Hong Kong) Limited (“COSCO SHIPPING International (Hong Kong)” or the “Company”, stock code: 00517.HK) today announced the unaudited condensed consolidated results of the Company and its subsidiaries (collectively, the “Group”) for the six months ended 30th June 2024. Basic and Diluted Earnings per Share In …
COSCO SHIPPING International (Hong Kong) Announces 2024 Interim Results Read More »
Flota panameña se prepara para la campaña de inspección conjunta La Autoridad Marítima de Panamá (AMP), en su calidad signatario de los memorandos de entendimiento de Tokio y París, informó a su flota el inicio de la Campaña de Inspección Concentrada (CIC) conjunta para hacer cumplir los estándares internacionales sobre asuntos laborales. Esta campaña se …
AMP verificará cumplimiento con instrumentos internacionales sobre trabajo marítimo Read More »
La emblemática empresa naviera Royal Caribbean Group manifestó su firme compromiso de operar con Panamá como centro neurálgico de sus operaciones en América Latina. En 2008, Royal Caribbean Group se convirtió en la primera línea de cruceros en establecer operaciones con Panamá como Home Port (Puerto Base), durante todo el año. Desde entonces el grupo …
Royal Caribbean Group confirma a Panamá como centro de operaciones Read More »
