Yearly Archives: 2024
Greece Seeks Leading Role in EU Naval Mission to Safeguard Red Sea
Greece is seeking a leading role including taking command of the forthcoming EU naval mission in the Red Sea aimed at safeguarding ships from...
Global Bunker Market Set To Transition To Strong Downward Trend
On February 1st, the MABUX World Bunker Index, derived from prevailing prices for 380 HSFO, VLSFO, and MGO, exhibited lateral movement without exhibiting a...
HD Hyundai Group’s Ship Orders Soar In 2024
In an impressive start to 2024, HD Hyundai Group's shipbuilding arm, HD KSOE, has secured orders for 36 vessels totalling approximately $4.49 billion. This...
A Strategic Approach To Navigate New EU Regulations
The maritime sector faces the world's first carbon price on shipping starting from this year, introduced through the extended EU Emissions Trading System...
Engine Manufacturers Chart A Sustainable Course
In a notable shift towards sustainable maritime propulsion, engine manufacturers are introducing alternatives like hydrogen, methanol, and ammonia. Major players like IHI Power Systems,...
GTS Tankers Harness MAN’s Cutting-Edge Engines
Fujian Mawei Shipbuilding and Xiamen Shipbuilding Industry in China are set to construct four 41,000 dwt oil-and-chemical tankers for German Tanker Shipping (GTS). The...
North Sea’s Innovation: Balancing Production, Emissions, And Net Zero Goals
The North Sea Transition Authority (NSTA) emphasizes the North Sea's pivotal role in adopting new technologies to enhance energy security, promote decarbonization, and...
Urgent Calls For Safer Recycling Practices
In a concerning revelation from platform data, 85% of ocean-going commercial ships and offshore units scrapped in 2023, totalling 325 vessels, met their end...
Seas Of Change: Shipowners Unite For Net Zero 2050
In a significant move to address the pressing need for actionable solutions in meeting ambitious net-zero targets, shipowners worldwide have collectively embraced mandatory contributions...
Cargotec’s Strong Financial Performance In 2023
Cargotec has reported outstanding financial results for the year 2023, reflecting significant growth in both sales and profitability. The fourth quarter showcased improvement in...