LONDON/HAMBURG: USD 48 billion invested in LNG carriers could be written off by 2035 as they will be in oversupply in a 1.5°C climate scenario with declining fossil energy use, according to new research
ZEEWOLDE : Econowind has received a repeat order from Terntank for the installation of eight VentoFoil units on two additional methanol-ready hybrid tankers. Following the initial order in May 2023 for three newbuilds, this
LONDON : The European Union’s latest sanctions on Nayara Energy, India’s Rosneft-linked refiner, are beginning to impact clean product flows out of the Vadinar terminal visibly. Oil flows voyages tracking India-origin seaborne shipments show
MUNDRA : In a significant development for India’s logistics sector, Container Corporation of India Ltd. (CONCOR) has launched the movement of customer-owned specialized tank containers for transporting bulk liquid cargo. This initiative marks a
HONO (SWEDEN) : Turkish group Nakkaş Shipping & Trading Co has confirmed that a decade of tanker-focused work with Berg Propulsion will culminate in the delivery of its 10th system from the technology provider in
LONDON : The International Association of Dry Cargo Shipowners (INTERCARGO) has condemned the recent armed attack on the Magic Seas, a bulk carrier operating off the coast of Yemen. The vessel reportedly came under
NEW YORK : Oil-based bunker costs will double over the next decade due to the International Maritime Organization’s upcoming regulation on greenhouse gas emissions, Finland-based Wartsila’s CEO Hakan Agnevall told Platts while laying out
HYDERABAD : Container Corporation of India Ltd. (CONCOR) has successfully flagged off its first tank container rake carrying bulk cement from Maha Cement (Mellacheruvu, AP) to ICD Whitefield, Bengaluru. This marks a new era
OMAN : Two oil tankers have collided in the Strait of Hormuz, the world’s most critical oil checkpoint just off the coast of Iran. British maritime security monitor Ambrey said that the collision on
NEW YORK : Israel’s airstrikes on Iranian nuclear sites have rattled global energy markets, sending oil prices soaring and raising concerns about wider regional instability. While the escalation is bullish for near-term oil and