Yearly Archives: 2022
Japan’s 1st Truck-to-Ship LNG Bunkering With Skid
Mitsui O.S.K. Lines, Ltd. (MOL), its group company Ferry Sunflower Limited, and Kyushu
Electric Power Co., Inc. (Kyuden) announced that the Sunflower Kurenai, the Japan’s...
GAIL, Mitsui Sign Agreement For New LNG Carrier
The parties had signed a contract for the first vessel in 2019, the country’s largest gas utility said in a statement.
By strengthening...
Freight Recession Was Foreseen Months In Advance, Here’s How
Since the first quarter of 2022, there has been intense discussion about whether or not there is a freight recession. The apparent conclusion is...
‘Mild’ Recession Coming Early Next, ATA Economist Predicts
There is a good chance of a small, quick economic recession early next year. Combined with usual freight capacity surpluses at that time of...
Sea Launches Immerseav VR-Based Seafarer Assessment
Cyprus-based Prevention at Sea Group has launched an innovative Virtual Reality (VR) based maritime training and assessment solution called IMMERSEAV. The move follows four...
FureBear Newbuilds Will Have Svanehøj Electric Pumps
The recent agreement by the Furebear joint venture to construct eight 17,999 dwt LNG/LBG-fueled ice class 1A chemical & product tankers is good news...
MarCoPay, An Electronic Platform For Seafarers
Japan Airlines and MarCoPay Inc., a Philippines-based subsidiary of the NYK Group, have signed a business alliance agreement to launch an exclusive travel product...
Holland Shipyards To Construct Three New Wind Ready MPP Coasters
Holland Shipyards Group has won a contract from Hartel Shipping & Chartering.
It is for the construction of three multi-purpose coasters of 3,800...
EU ETS To Begin Taxing Shipping Emissions From 2024
The European Council and the European Parliament reached a provisional political agreement on important legislative proposals of the ‘Fit for 55’ package, including the...
Oil Prices To Ascend After China Eases Its Covid Conundrum
Dan Yergin expects oil at $90 in 2023 but says there’s a chance it could go as high as $121 when China fully reopens,...