Yearly Archives: 2023
NYK, JERA And Resonac Collaborated For Pioneering Ammonia Fuel Supply To Ships
NYK, JERA Co., Inc. (hereinafter "JERA"), and Resonac Holdings Corporation (hereinafter “Resonac") signed an agreement to jointly study the supply of ammonia as fuel...
ClassNK Releases “ClassNK Technical Journal”
ClassNK has released the latest "ClassNK Technical Journal”, which has been published for contributing to the advancement of technology and society through the outcome...
Volatile Oil Prices Dictate Market, VLCC Future Unclear
Dull VLCC market continues, as supply and demand remain balanced – The month of December has so far brought little news for the...
Continued Downtrend Expected In The Global Bunker Market
On December 12th, the MABUX World Bunker Index, calculated from prevailing prices for 380 HSFO, VLSFO, and MGO, exhibited a modest decline.
380 HSFO -...
MacGregor Clinches Exclusive Deal For Höegh Autoliners PCTCs
MacGregor, a division under Cargotec, has received a substantial contract to supply complete RoRo (Roll-on/Roll-off) systems for an extra four Aurora class Pure Car...
Unveiling Strategies At The Largest Industry Assembly During COP28
During the Summit on Shaping the Future of Shipping, a trajectory was established to fulfill the net zero strategy outlined by the International...
Wärtsilä Hybrid Propulsion Chosen For New Cargo Vessels
Wärtsilä, a technology group, is set to provide an integrated hybrid propulsion system for three new self-discharging cargo vessels under construction at the Royal...
Japanese Maritime Cluster Advances High-Efficiency LNG Conversions
NYK Line, Namura Shipbuilding Co., Ltd., and Sasebo Heavy Industries Co., Ltd. are teaming up to upgrade the main propulsion systems of Moss-type LNG...
Delay Expected in Boxship Demolitions Until 2026-2027
Linerlytica's report suggests delayed boxship demolitions until 2026-2027. Older vessels in service push the average scrapping age higher. The containership fleet averages 13.8 years,...
Norway Pioneers Global Shipping’s Greenhouse Gas Reduction Drive
Mr. Oftedal, a key figure in Norway's green shipping initiatives, emphasizes the dual approach of regulation and incentives to curb GHG emissions. Notably, Norway...