The Baltic Exchange’s main sea freight index fell to its lowest in nearly three weeks on Monday, on weaker demand across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels carrying dry bulk commodities, was down 36 points, or 2.3%, at 1,522 points in its third …
Baltic dry bulk index slips to near 3-week trough Read More »
Shipping’s hard-to-abate sustainability dilemmas Here’s the dilemma: shipping accounts for 90% of goods transported around the world, and it’s also the most energy-efficient mode of international freight transport. But it’s also a major source of global greenhouse gas emissions. Greener alternatives are often viewed as prohibitively expensive in a highly competitive market. And change is …
A new study from the West Australia – East Asia Iron Ore Green Corridor Consortium finds that ships powered by clean ammonia could be deployed on the iron ore trade routes between West Australia and East Asia by 2028 and reach 5% adoption by 2030. Green corridors, specific trade routes where zero-emission shipping solutions are …
The West Australia-East Asia iron ore green corridor is within reach Read More »
Smaller Bulkers have led bulker sale and purchase transactions so far this year, with a share of over half of all secondhand deals. Handy Bulkers made up the majority, accounting for c.31% of sales, and Supramaxes followed at c.25%. The average age of vessels sold in these categories are 13YO and 14YO respectively. After a …
Sales of marine fuel, also known as bunker fuel, hit three-month highs in the world’s biggest refuelling hub Singapore in April, the latest official data showed, as prices were more competitive than regional ports. Singapore’s bunker sales data are an indicator of sentiment at one of the world’s most major ports and demand also affects …
Singapore April bunker sales hit three-month high on better prices Read More »
Norway’s state-owned energy giant Equinor has officially reopened an oil and gas field in the Norwegian Sea for production after the field’s platform and the floating storage and offloading (FSO) vessel got ready to double the life of the field and the output from it, thanks to a six-year extensive upgrade process. Njord field in …
Norwegian oil & gas field back in operation for 20 more years of production Read More »
Sustainable Marine Energy’s Canadian subsidiary has been placed into voluntary bankruptcy, citing permitting issues with Fisheries and Oceans Canada (DFO) as the main reason behind the development. Sustainable Marine’s PLAT-I 6.40 floating tidal energy platform (Courtesy of Sustainable Marine) Sustainable Marine’s PLAT-I 6.40 floating tidal energy platform (Courtesy of Sustainable Marine) Sustainable Marine Energy (Canada) …
Sustainable Marine’s Canadian business goes bust over DFO permitting issues Read More »
The Correll Group has been awarded a contract from the Prysmian Group to provide support for the pull-in and installation of High Voltage Alternate Current (HVAC) export cables to the offshore substation platform for the Calvados offshore wind farm in France. Prysmian Group Under the contract, the Correll Group will provide support for the pull-in …
Correll to back Prysmian on Calvados offshore wind farm Read More »
Sweden-headquartered SeaTwirl has signed a Memorandum of Understanding (MoU) with Kontiki Winds to identify and discuss the opportunities to electrify oil and gas assets and other offshore applications, with the use of SeaTwirl’s floating wind turbines. SeaTwirl Under the MoU, the two companies will explore new opportunities in the market to implement offshore wind into …
SeaTwirl, Kontiki Winds to explore powering oil & gas assets with floating wind Read More »
Chinese shipbuilder CIMC Sinopacific Offshore & Engineering (CIMC SOE) has started building the second 7,600 cubic metre LNG bunkering ship for Canadian shipowner Seaspan. Courtesy of CIMC SOE The beginning of the construction was marked with a steel-cutting ceremony on 10 May at the Chinese shipyard. The bunkering ship has a total length of 112.8 …
CIMC SOE starts building Seaspan’s second LNG bunkering ship Read More »
