During the first two months of Q2 2024, NORDEN has made four transactions, focusing on expanding the strategic position and enhancing the climate commitment within dry bulk by adding two new modern Capesize vessels (2021) to the owned fleet, while at the same time capitalising on the current strong market conditions by divesting an old …
Norden: Expanding the strategic position in Capesize Read More »
The two shipping associations have signed a Memorandum of Understanding (MoU) outlining intentions for closer future cooperation in the field of maritime transport. Denmark and the United Arab Emirates are both influential shipping nations, hosting two of the most important maritime hubs in the world in Copenhagen and Dubai respectively. The MoU aims to strengthen …
Tototheo Global and Neuron have announced an agreement to deploy Neuron’s AI-powered quality of experience (QoE) management platform to vessels contracted to Tototheo. Through this partnership, Tototheo Global and Neuron will address a growing need for ships as they increasingly engage with multiple satellite providers and networks – the need for increased transparency and technologies …
Refining margins for high sulphur fuel oil (HSFO) logged a sharp weekly drop as of Friday, with the market showing signs of a downward correction following its recent rally. Cracks for July 380-cst HSFO FO380DUBCKMc1 fell to discounts of $6.50 a barrel on Friday, sliding nearly 70% from last week, based on LSEG data at …
Asia Fuel Oil-HSFO margin logs steep weekly decline as rally eases Read More »
Pacific International Lines (PIL) has launched its learning and development centre of excellence, the PIL Academy, to provide training in maritime and transport logistics for all its employees. The academy aims to strengthen workforce capabilities and future proof careers. It will collaborate with organisations and technology partners to develop a holistic curriculum with accredited courses …
UN World Oceans Day, celebrated internationally on 8 June, reminds us that a healthy Ocean, with thriving and well-protected wildlife and resilient marine ecosystems, is essential for a healthy planet. The Ocean, which covers more than 70 per cent of the Earth’s surface, provides significant benefits to the global community, which depend in large part …
ExxonMobil’s advanced 40BN cylinder oil, Mobilgard™ 540 AC, has been validated by WinGD for use in its dual fuel engines with conventional fuels, including methanol, and now LNG. The high performance cylinder oil, which also has an approval from MAN ES for use in its two-stroke engines, was developed for use in slow-speed, two-stroke marine …
At the Posidonia trade fair, classification society DNV awarded HD Hyundai Mipo an Approval in Principle (AiP) for the design of a new ammonia dual fuel feeder container vessel. The AiP is the result of a collaborative effort between HD Hyundai Mipo, WinGD, HD Hyundai Heavy Industries, Kangrim Heavy Industries, and DNV. Ammonia continues to …
DNV awards AiP to HD Hyundai Mipo for new Ammonia-Powered Container ship designs Read More »
On September 25, 2015, all 193 member states of the United Nations adopted the “2030 Agenda for Sustainable Development” in New York. One of the Sustainable Development Goals (SDG) agreed there is the conservation and sustainable use of the oceans, seas and marine resources for sustainable development. GEA is supporting the shipping industry on this …
CTS Offshore and Marine (CTS) and Varuna Marine Services B.V. (VMS) are pleased to announce a strategic partnership to offer vessel owners and operators an informed pathway for carbon emission management. By combining their respective strengths, the two companies will provide a comprehensive suite of services to help the maritime industry navigate the complexities of …
