Danelec and NAVTOR have expanded their longstanding partnership to bring even greater operational efficiency to maritime stakeholders. The latest integration brings together Danelec’s high-frequency data collection infrastructure, Danelec Collect, with NAVTOR’s...
Lloyd’s Register (LR) has signed a Memorandum of Understanding with Samsung Heavy Industries (SHI) for the joint development of a floating production, storage, and offloading (FPSO) system for green ammonia. The FPSO process has been widely used in the oil and gas...
The US State Department announced Nov. 14 that the US would impose sanctions on 26 companies, individuals, and vessels associated with Al-Qatirji Co., a business alleged to be facilitating the sale of Iranian oil to Syria, where the company is based. Al-Qatirji Co....
Asia’s hi-5 fuel oil spread narrowed week-on-week, led by softer benchmarks for 0.5% low sulphur fuel oil (VLSFO), while the 380-cst high sulphur fuel oil (HSFO) market firmed in contrast. The balance-November hi-5 FO05-380SGMc0 closed at $105.35 a metric ton on...
Switching fuels is the most frequently discussed pathway to meeting the requirements of FuelEU Maritime. But the choices shipping companies make about bunkers will significantly impact compliance costs. Companies must navigate a complex fuel market and assess the...
Iron ore futures prices fell to a three-week low on Thursday, as supply of the key steelmaking ingredient remained firm amid a weaker steel market outlook, although fresh stimulus measures by top consumer China for its property sector limited the losses. The...