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PaxOcean, Hong Lam Marine And Bureau Veritas Sign MOU To Develop Ammonia Bunker Vessel Design
PaxOcean Engineering Pte. Ltd. has signed a Memorandum of Understanding (MOU) with Singapore-based bunker vessel operator Hong Lam Marine and...
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Furetank And Algoma Establish Product Tanker Joint Venture With Sustainability Focus
Swedish Furetank AB and Canadian Algoma Central Corporation will own 50% each of the joint venture, which is to be...
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Ocean Network Express Connects To CargoWise To Enable Automatic Digital Rate Transfer
Ocean Network Express (ONE), one of the world’s largest global ocean carriers, has gone live with automated digital transfer of...
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Alfa Laval FCM Methanol Chosen As The Fuel Supply System For Six Methanol-Fuelled Container Vessels
Decisive in the move to methanol Alfa Laval will provide the methanol LFSS for six 1170 TEU container vessels ordered...
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GoodFuels’ Asia-Pacific Branch Kickstarts Sustainable Biofuel Deliveries With NYK As First Client
GoodFuels, the leading biofuels pioneer for the global transport industry, has today announced that it has successfully supplied sustainable marine...
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AMP Shipment Committee Manages To Define Employment Contracts For Panamanian Seafarers
“Two and a half years after the first meeting of the Boarding Committee, I am pleased to inform you that...
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US Economy To Face Headwinds In H2,But Chance Of Soft Landing Remain – Economist
The US economy will continue to face headwinds in the second half of the year from high inflation, but consultancy...
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‘Not Enough’ Gas For European Winter Drives Front Season Contract Prices Higher
Europe could run short of natural gas this winter, market sources have told S&P Global Commodity Insights, as winter 2022...
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China’s Move To Hand Out Quotas May Trigger Rush For Crude Cargoes
China’s recent move to hand out plentiful crude import quotas is expected to trigger a rush for cargoes among independent...
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Shipping Giant Maersk To Invest $500 Million In Suez Canal
The Suez Canal is getting a major investment in one of its ports. The Suez Canal Authority announced yesterday that...
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America’s Biggest Ports Are Still Contending With Record Volume, Indicating The Country’s Supply-Chain Woes Are Far From Over
The nation’s largest ports handled more volume this year than through the same time period last year, a sign the...
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Hapag-Lloyd CEO: US Consumer Still ‘Holding Up,’ Demand Not Collapsing
The container shipping outlook from Hapag-Lloyd, the world’s fifth-largest liner company: Demand is moderating, spot freight rates should keep ticking...
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EU ETS’ Initial Decarbonization Effects For Shipping In Doubt
Few shipping companies have started to prepare for the EU’s proposed inclusion of maritime transportation in the Emissions Trading System,...
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Indian Companies Swapping Dollar For Asian Currencies To Buy Russian Coal
Indian companies are using Asian currencies more often to pay for Russian coal imports, according to customs documents and industry...
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Shipping Container Fees Are Falling Around The World, But Not In The U.S.
Late container charges known as detention and demurrage (D&D) in the United States are the highest in the world, according...
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European Gas Prices Soar As Flows From Nord Stream 1 Pipeline Stay At 20%, Rystad Says
European gas prices have soared as flows from Russia through the Nord Stream 1 pipeline stay low, exacerbating the region’s...
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Russian Oil Production To Fall By A Fifth Since EU Import Ban, IEA Says
Russian oil production is set to drop by 20% next year as the European Union’s import ban on Russian oil-product...
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Iron Ore Dips On Persistent China Demand Worries
Dalian and Singapore iron ore futures fell on Friday, reversing gains in the previous session, as traders weighed demand prospects...
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Uniper Could Swap Australian LNG For Atlantic Gas To Supply Europe Quicker
Germany’s Uniper is prepared to swap liquefied natural gas (LNG) it gets from Australia’s Woodside for U.S. gas, so it...
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ZIM Announces Participation In A Series A Financing Round In Hoopo, A Provider Of Cutting-Edge Tracking Solutions For Unpowered Assets
ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced today the completion of a Series A financing round in Hoopo Systems...
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