ClassNK has issued an Approval in Principle (AiP) for a Liquified CO₂ carrier installing the ‘Wind Challenger,’ a hard sail wind propulsion system. The ship is jointly developed by Mitsui O.S.K. Lines, Ltd. (MOL) and Samsung Heavy Industries Co., Ltd. (SHI). The AiP...

Mining company Rio Tinto has entered into an agreement to charter two methanol dual-fuel newbuild vessels from Japanese bulk operator NS United Kaiun Kaisha (NSU). Each bulk carrier will have a capacity of 209,000 dwt and will be designed to operate on both methanol...

Our analysis of approximately 35,000 vessel calls reveals that alternative ports with overland connections can absorb, at best, 62% of displaced Persian Gulf cargo. At their current average throughput, they cover just 48%. This structural deficit creates an...