Bunker price volatility was the key driver behind higher LNG-fueled dirty tanker freight rates, compared with conventional tanker freight values, Aug. 31-Sept. 4, across benchmark routes. Platts Base Rates for LNG-fueled tankers reflect such freight costs in $/mt and...

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Freeport East has joined the push to decarbonise heavy goods vehicles travelling to and from the Port of Felixstowe by providing an initial £50,000 to support Maritime Transport’s plans for a new electric truck hub on a freeport site.   The proposed electric...

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Polish refiner Orlen has partnered with the Port of Gdynia Authority to assess the potential for LNG and bio-LNG bunkering at the Polish port. The cooperation will examine market demand, the potential development of LNG and bio-LNG bunkering services, and the...

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Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling paperless, accessible and sustainable global trade, announced the appointment of BIMCO to its board.   The appointment builds on a longstanding collaboration between GSBN and...

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Everllence has signed a framework agreement with Damen Shipyards Group, the Dutch shipbuilder – regarding the serial supply of Everllence’s 175D engine. GSBN Appoints BIMCO to Its Board, Deepening Collaboration to Advance Paperless Trade. The basis of the agreement...

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Kongsberg Maritime ASA has entered into an agreement to acquire Steerprop, a Finnish designer and manufacturer of azimuth propulsion systems specialising in high ice-class and Arctic vessels.   Steerprop has built a strong position in Arctic propulsion, supplying...

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