Baltic Index Edges Down From Near Two-Year Peak As Rates Drop Across All Segments

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry bulk commodities, eased from a near two-year-peak on Thursday, pressured by weaker rates across all segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, fell by 31 points, or 1.1%, to 2,815 points. The …

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Unlocking ammonia as a fuel source for heavy industry

At a high level, ammonia seems like a dream fuel: It’s carbon-free, energy-dense, and easier to move and store than hydrogen. Ammonia is also already manufactured and transported at scale, meaning it could transform energy systems using existing infrastructure. But burning ammonia creates dangerous nitrous oxides, and splitting ammonia molecules to create hydrogen fuel typically …

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Shadow tanker operators buy old ships, scrap older for fleet renewal

Tanker operators focusing on sanctioned trades have continued to acquire aged ships in secondhand markets this year to renew their fleets while sending some of their oldest ships to scrapyards, according to several tanker analysts, industry participants and ship tracking data. In recent years, Russia, Iran and Venezuela have partnered with little-known operators to assemble …

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EU endorses 235 cross-border energy projects to scale up electricity, hydrogen, and CO2 infrastructure

As investment needs are anticipated to hover around €1.5 trillion by 2040, the European Commission (EC) has adopted a new list of 235 cross-border energy projects, granting them the status of projects of common interest (PCIs) and projects of mutual interest (PMIs). The post EU endorses 235 cross-border energy projects to scale up electricity, hydrogen, …

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