Fresh regulation has given a limited boost to maritime decarbonization as shipping grapples with high renewable fuel prices, and as key stakeholders seek ways to share the financial burden. In April, the International Maritime Organization voted for global greenhouse...

Read More

At the 60th anniversary of the Nor-Shipping maritime trade fair, ABS issued approval in principle (AIP) to Knutsen NYK Carbon Carriers (KNCC) for its novel design for a 40,000 cbm liquefied carbon dioxide (LCO2) carrier. A first in the industry, the LCO2-EP carrier...

Read More

DNV has awarded an Approval in Principle (AiP) to HD Hyundai Mipo for its 20,000 cbm liquefied carbon dioxide (LCO₂) carrier. This AiP is another milestone in the development of next-generation CO₂ transport solutions in this rapidly developing vessel segment. As the...

Read More

bound4blue has taken a major step forward in simplifying the adoption of wind power worldwide, with DNV validation of its ‘wind propulsion system force matrix’ calculation method. This validation provides shipowners, designers, and yards with a trusted,...

Read More

TOP Ships Inc., an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced today that it intends to effect a spin-off of two of its Suezmax tanker vessels. Rubico Inc. (“Rubico”), currently a subsidiary of TOP Ships, would become an...

Read More

Asia’s fuel oil imports from Iraq hit a four-month high in May as strong refining margins boosted output and exports from the Middle Eastern supplier, according to trade sources, analysts and data from shipping analytics firm Kpler. The rise in exports from OPEC’s...

Read More