FuelEU Maritime: a step forward towards shipping’s energy transition

Following months of intense discussions, negotiations on the FuelEU Maritime Regulation came to a close earlier this morning. European shipowners welcome the climate ambition of the new Regulation and consider it as an essential stepping stone towards establishing the right conditions for the energy transition of shipping. The agreement gives a strong political signal and …

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ICS Disappointed With Lack of Progress in Latest IMO Meeting on Reduction of GHG Emissions From Ships

The International Chamber of Shipping’s reaction on the latest IMO meeting was one of disappointment. Following is ICS’s comment after the conclusion of the Intersessional Working Group on Reduction of GHG Emissions from Ships (IMO ISWG-GHG 14.) Guy Platten, the Secretary General of the International Chamber of Shipping, comment following the conclusion of the IMO …

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IMM shortlists 5 overseas firms in sale of Korea’s No. 1 LNG shipping company

IMM Private Equity Inc. and IMM Investment Corp. shortlisted five overseas companies in its bid to sell its entire 100 percent stake in South Korea’s largest liquefied natural gas shipping company, according to sources in the investment banking industry on Thursday. Companies from the U.S., the U.K., Greece and Denmark were shortlisted from a preliminary …

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Maersk signs MOU with Shanghai International Port Group on green methanol bunkering

A.P. Moller-Maersk (Maersk) announced today that the company has signed a Memorandum of Understanding (MOU) with Shanghai International Port Group (SIPG) on strategic cooperation for Shanghai Port methanol marine fuel project. The two parties will join hands to explore green methanol fuel vessel-to-vessel bunkering operation after Maersk’s green methanol container vessels being delivered in 2024. …

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Americas Fuel Availability Outlook

North America Prompt availability remains tight for all grades in Houston and a lead time of 6-7 days is generally recommended to ensure full coverage from all suppliers in the area. The Houston Ship Channel is expected to face fog-related disruptions on Saturday. Prompt supply of VLSFO and LSMGO is tight in Bolivar Roads. Most …

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WinGD bags “Digital Solutions Provider of the Year” title at ShipTek International Awards 2023

Swiss-based marine engine technology developer, WinGD, received the “Digital Solutions Provider of the year” award at the Shiptek International Awards 2023, held in Dubai, UAE, for the WinGD Integrated Digital Expert (WiDE), a comprehensive system that provides shipowners and operators with full awareness of their ships’ operating condition. As a leader in developing smart shipping …

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WFW advises Anglo American on its Maritime Transportation Strategy

Watson Farley & Williams (“WFW”) has been assisting Anglo American with its sustainable maritime transportation strategy, the first phase of which has culminated in January 2023 with the loading of first cargo for m.v. ‘UBUNTU HARMONY’. The vessel is the first in a series of ten 190,000 deadweight LNG dual-fuelled bulk carriers constructed, or under …

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WinGD to deliver methanol-fuelled engines for COSCO container vessels

Swiss marine power company WinGD has announced it will supply 10X92DF-M methanol-fuelled engines to four 16,000 TEU container vessels to be built for Chinese COSCO Shipping Lines at COSCO Shipping Heavy Industry (Yangzhou) site. Courtesy of WinGD The vessels are scheduled for delivery from 2025, and according to WinGD, will feature its first X92DF-M engines …

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