Greece doubles down on decarbonisation commitments

The Greek shipping community, the powerhouse of the global maritime industry, made a resolute commitment to decarbonise its operations and support international policies geared towards sustainable and viable solutions in the Union of Greek Shipowners’ (UGS) latest annual report. Embracing the mandates laid out by the International Maritime Organization (IMO), the UGS said that Greek …

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Panama Canal Authority adapts to unprecedented challenges

The Panama Canal Authority places great emphasis on providing world class, reliable services to all its customers. Amidst current challenges, the authority is taking proactive measures to ensure its competitiveness and operational capacity for today and the future. Chief among these challenges is the critical issue of freshwater availability for both the population’s consumption and …

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Minerva Bunkering Further Expands in the Kingdom of Saudi Arabia

Minerva Bunkering has expanded its Saudi Arabia Red Sea operations to serve vessels calling King Abdullah Port, having now performed the first bunker delivery ever conducted in the port. Situated at the crossroads of global trade routes interlinking three continents, King Abdullah Port is amongst the world’s fastest growing ports. Consistent with this expansion, Minerva …

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Contract awards in Brazil

Solstad Offshore ASA (Solstad) has been awarded two contracts from Brazilian Clients that further strengthen Solstad’s position as one of the main operators of high-end offshore vessels in Brazil. CSV Normand Pioneer has been awarded an extension of its charter contract with the Brazilian oil company PRIO for a period of 18 months to August …

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China revised down March exports by unexpectedly large margin, economists say

China’s customs administration has unexpectedly revised down the value of March exports by a wide margin, economists said, suggesting the country’s trade earlier this year may have been weaker than initially thought. The General Administration of Customs lowered the March exports figure by $10.55 billion, revising the month’s year-on-year growth to 11.4% from the prior …

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Construction of Terntank’s wind/methanol-ready tankers begins in China

China Merchants Jingling Shipyard has kicked off construction of wind and methanol-powered 15,000 dwt hybrid tankers ordered by Swedish shipping company Terntank. As disclosed, the first steel cut of the three hybrid tankers took place at the Chinese shipyard on 10 June. Courtesy of Terntank Ordered in November 2022, the vessels belong to the Hybrid Solution …

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