ClassNK has released “FAQs on the FuelEU Maritime (1st Edition)”, an overview and necessary preparation for FuelEU Maritime, regulations newly introduced by the European Union (EU) to promote the decarbonization of fuels used on board ships. The EU has set a goal of reducing greenhouse gas (GHG) emissions by at least 55% by 2030, compared …
ClassNK releases “FAQs on the FuelEU Maritime (1st Edition)” Read More »
The following liquefied natural gas (LNG) tankers are expected to arrive in Britain, Belgium, the Netherlands and Germany in the coming weeks. Estimated arrival dates, often revised by port authorities and AIS Live ship-tracking data on Refinitiv Eikon, are updated below. Some tankers heading for Belgium and Britain may be loading at the terminal. Those …
LNG tankers heading to Britain, Belgium, the Netherlands and Germany Read More »
Hamburger Hafen und Logistik AG (HHLA) recorded a drop in revenue and earnings in the first half of 2023. The ongoing war in Ukraine, geopolitical tension, inflation and rising interest rates put pressure on consumer and industrial demand and are continuing to hinder the global economic recovery in the aftermath of the pandemic. HHLA’s business …
Global economic development weighs on HHLA’s result Read More »
The bigger they come, the harder they fall. The shipping boom in the trans-Atlantic market was one of the world’s biggest, and spot rates in this trade have not only plummeted from COVID-era highs, they’ve sunk below pre-pandemic levels. “It is probably the deepest and fastest decline I have seen in my history [in the …
Trans-Atlantic shipping suffers ‘meltdown’ as rates hit new low Read More »
Indian Register of Shipping (IRS), a leading international ship classification society, has secured an order for providing classification services for six hybrid electric catamarans for the Inland Waterways Authority of India (IWAI). The vessels will be constructed at Hooghly Cochin Shipyard Ltd., Kolkata. The six vessels are intended for providing inland ferry services, with a …
More than 800 guests gathered on Monday 17 July 2023, in a custom-made tent at the MSC Gate Terminal in Bremerhaven to witness the naming ceremony of the latest edition to Mediterranean Shipping Company’s (MSC) fleet, MSC MICHEL CAPPELLINI, with the ship as the backdrop. Prior to the naming ceremony, MSC signed a Memorandum of …
The Havila case This case involved the sale and leaseback of four newbuilding vessels (the Vessels). HKO, a subsidiary of Havila Group based in Norway, entered into four shipbuilding contracts with a Turkish shipyard. Upon delivery, the Vessels would be sold by HKO respectively to four subsidiaries of Russian leasing company GTLK (the Lessors), and …
Analysis of cases involving sanctioned lessors in finance leases Read More »
Share this article An Ørsted-Phillips 66 partnership and ERM have withdrawn their Gigastack and Dolphyn projects, respectively, from the UK’s first electrolytic allocation round (HAR1). While ERM has made the move as it aims at securing alternative funding for a phased multi-unit larger development, Ørsted and Phillips 66 have now halted their Gigastack project. Both …
Poland’s GAZ-SYSTEM and ORLEN Group have signed an agreement for the provision of regasification services at the FSRU terminal in the Gulf of Gdańsk. Archive; Courtesy of GAZ-SYSTEM The agreement follows the open season procedure in which ORLEN submitted an order covering 100% of the regasification services offered by GAZ-SYSTEM. To note, the FSRU project …
ORLEN books 100% regasification capacity of Gdańsk FSRU terminal Read More »
The Norwegian Ministry of Petroleum and Energy has granted an exploration license for CO2 storage on the Norwegian continental shelf (NCS) in the North Sea to three companies. The exploration permit, located east of the Sleipner Øst field, has been allocated to Sval Energi, Storegga Norway and Neptune Energy Norway. Sval Energi will be the …
Three companies win CO2 storage license in Norway’s North Sea Read More »
