Strong Dry Bulk market fuels 42% drop in ship recycling
LONDON : “Between January and August 2024, the number of recycled ships has dropped 42% y/y, the second lowest level in 16 years. The market has seen high freight rates and strong demand, delaying
KR Grants Approval in Principle to Samsung Heavy Industries for 9,300 TEU Ammonia-Fueled Container Ship
HOUSTON : At GASTECH 2024, KR (Korean Register) announced that it has awarded an Approval in Principle (AiP) to Samsung Heavy Industries (SHI) for their “9,300 TEU Ammonia-Fueled Container Ship”. As the global maritime
ClassNK releases ‘Guidelines for Liquefied Hydrogen Carriers (Edition 3.0)’
TOKYO : ClassNK has released the ‘Guidelines for Liquefied Hydrogen Carriers (Edition 3.0)’, which cover essential details to examine the safety of liquefied hydrogen carriers to spur related technological developments. To construct a supply chain
Shipping costs could double as more liners begin complying with regulations to reduce emissions
OSLO : Shipowners and operators face sharply increased costs as they gear up to comply with a slew of new decarbonisation regulations coming on stream over the next few years. The need to develop,
Lloyd’s Register partners on fuel cell and CCS study to support emissions reduction
LONDON : Lloyd’s Register’s (LR) business advisory team is partnering with energy companies ROTOBOOST and Amogy on a fuel cell and pre-combustion Carbon Capture Storage System (CCS) study to assess opportunities for emissions reduction. The joint development
Shipping Technology finds strategic investment partner in First Dutch to accelerate commercial and technological growth
ROTTERDAM : Shipping Technology, a Rotterdam-based upcoming player in the international maritime industry specialised in developing supportive tools for the shipping industry, has secured a significant investment from First Dutch in combination with the
Shipping banks provide cheaper loans to greener shipping companies, but not greener ships
LONDON : A new study by UCL Energy Institute on the relationship between financing terms and climate performance of shipping companies reveals a troubling trend of green financing. The research paper in a sustainability
BPCL unveils India’s first Biofuel Blend HFHSD Bunker at Mumbai Port
MUMBAI : Bharat Petroleum Corporation Limited (BPCL) has set a new benchmark in the Indian maritime industry by launching first biofuel blend High Flash High Speed Diesel (HFHSD) bunker by an OMC at Mumbai