SeaFjord Energy’s innovative concept for e-bunker ships offers a new way to supply ships with energy both at sea and in port. ABB’s advanced electric power and propulsion systems, combined with an innovative charging solution, address one of the maritime...
The Baltic Exchange’s dry bulk sea freight index. BADI tracking rates for ships carrying dry bulk commodities retreated on Wednesday on dips in rates across all vessels. * The overall index. BADI, which factors in rates for Capesize, Panamax, and Supramax...
Hamburg, September 3, 2024: OceanScore, the global provider of data and compliance management solutions for the maritime industry, has successfully closed an oversubscribed €5 million Series A financing round. The influx of new capital will enable the company to...
Drop-in replacements for fossil fuels may be a cost-effective way of meeting environmental regulations and could extend the life of older vessels, if barriers to adoption can be overcome, according to a new LR report. As a low-emission alternative fuel with low-CAPEX...
As offshore vessels operating in the EU will be subject to new reporting requirements from 2025, Kongsberg Digital’s K-Fleet Voyage application is now available for offshore maritime operators. From 2025, all vessels above 400 tonnes visiting an EU or Norwegian port...
The Russian government recently has extended its suspension of export duty for thermal coal and anthracite until December, a move that may provide relief to Russian thermal coal producers but is unlikely to turn into an opportunity to ramp up exports, market sources...