“In the first quarter of 2024, global iron ore shipments rose 3.8% y/y on expectation of strong Chinese steel production which, however, failed to materialise. Iron ore supply has grown faster than Chinese demand which could lead to weaker shipments ahead,” says Filipe Gouveia, Shipping Analyst at BIMCO. During the start of the year, Brazilian …
Iron ore shipments up 3.8% despite weak Chinese demand Read More »
DFDS has entered into an agreement with Tasmanian ferry manufacturer, Incat, to conduct a design study for a hybrid-electric ferry intended to be deployed for the Channel Islands, if DFDS wins an upcoming tender for the future ferry services on the Islands. The initiative is a part of the DFDS’ efforts to contribute to the …
DFDS initiates hybrid-electric Ro-Pax vessel design study for Channel Island tender Read More »
The Maritime Union of Australia (MUA) is adamant that a recent gas pipeline rupture at a platform offshore Australia spotlights the need for regulatory action. The post ExxonMobil’s pipeline rupture at gas platform offshore Australia prompts calls to raise the regulatory action bar appeared first on Offshore Energy.
The International Bunker Industry Association (IBIA), the voice of the global bunker industry, and BIMCO, the world’s largest international shipping association, have signed a memorandum of understanding (MoU) to collaborate on some of the monumental challenges and opportunities within the areas of bunker, marine energy and maritime sectors and help facilitate shipping’s decarbonization efforts. The …
IBIA and BIMCO to jointly address fuel and maritime challenges Read More »
H2Carrier has applied to the NVE for the development of two large onshore wind farms in Finnmark County to produce green hydrogen and ammonia. The post H2Carrier plans Power-to-X production of hydrogen and ammonia in Norway appeared first on Offshore Energy.
Finnish technology firm Wärtsilä has been contracted to supply a range of solutions aimed at minimizing the carbon footprint of six new pure car and truck carriers (PCTCs) owned by Dubai-based Sallaum Lines DMCC. The post Wärtsilä’s eco solutions picked for six Sallaum Lines’ PCTCs appeared first on Offshore Energy.
Mocean Energy’s Blue X wave energy converter and Verlume’s Halo underwater battery storage system […] The post Mocean Energy’s wave energy converter back to shore after 12-month offshore testing appeared first on Offshore Energy.
The UP World LNG Shipping Index (UPI) demonstrated resilience last week, gaining 1.54 points or 1.01% and closing at 152.82 points. This index, which tracks companies specializing in LNG shipping, outperformed the S&P 500 (SPX) index, a benchmark for US stocks, which experienced a 3.05% decline. The chart below illustrates this notable divergence. UPI has …
The European Union’s next package of sanctions should include steps against a shadow fleet of tankers moving Russian oil to circumvent sanctions, Swedish Foreign Minister Tobias Billstrom said ahead of a meeting of EU foreign ministers in Luxembourg. “Adopting the 14th sanctions package is one of the most important things,” Billstrom said as he arrived …
Next Russia sanctions must target shadow oil fleet, Sweden says Read More »
Seizure of the Israeli-owned containership MSC Aries by the Iranian military near the Strait of Hormuz has created uncertainty in the Indian container ship market, with shippers bracing themselves for potential changes in services and increment in freight rates if the crisis escalates. The ship was intercepted April 13 in an Iranian military helicopter operation …
Iran’s seizure of MSC Aries brings uncertainty to Indian container ship market Read More »
