ICCT Report Proposes North Atlantic Emission Control Area (AtlECA)
The proposed North Atlantic Emission Control Area (AtlECA) could prevent up to 4,300 premature deaths by reducing harmful ship emissions.
Establishing AtlECA may bring up to €29 billion in economic value from health...
Houthi Strikes ‘Miss’ US Warships in Red Sea
Yemen’s Houthi rebels targeted two US Navy destroyers as they navigated the Bab el-Mandeb Strait.
The Iranian-backed Houthis launched at least eight drones, five anti-ship ballistic missiles, and three anti-ship cruise missiles at...
Canada’s Labour Minister Orders Arbitration in Port Strikes
Canada’s Labour Minister has directed the Industrial Relations Board (IRB) to end port strikes.
The strikes impact C$1.3 billion (US$932 million) in goods daily, affecting supply chains and jobs.
The IRB is mandated...
Odfjell Deploys Syroco’s Weather Routing System To Enhance Sustainability
Odfjell, a global tanker company, has partnered with climate tech startup Syroco to deploy an advanced weather routing system on two of its vessels, the Bow Olympus and Bow Optima. These vessels are part...
Emerging Trend: Flexible Mid-Size Neo-Panamax Vessels Shape The Future Of Shipping
In recent years, shipbuilding trends have evolved from a focus on mega-vessels toward more versatile, mid-size neo-panamax vessels with capacities between 14,000 and 16,000 TEUs. This shift addresses capacity management and offers improved flexibility...
Tanker Market Update: VLCC Rates Rise Slowly Amid Market Struggles
The VLCC market has shown slight improvements recently, with rates for the Middle East Gulf (MEG) to East route currently around WS 52.5, and West Africa to East rates in the mid WS 50s....
FuelEU VS. ETS: Key Differences In Maritime Emissions Regulation
The recent Seatrade Maritime News article on FuelEU Maritime regulation provides a detailed comparison with the existing EU Emissions Trading System (ETS). While both frameworks aim to regulate and reduce greenhouse gas (GHG) emissions,...
ERMA FIRST Acquires Ecochlor, Strengthening Its Global Position
ERMA FIRST GROUP has successfully acquired Ecochlor, a major move that bolsters its role as a leading provider of Ballast Water Treatment Systems (BWTS) and decarbonisation solutions. This acquisition broadens ERMA FIRST’s offerings in...
COSCO Shipping Energy Orders 6 New VLCCs To Strengthen Its Market Presence
Exciting developments at COSCO Shipping Energy (CSET)! CSET's Board approved a strategic investment in six 307,000 DWT VLCCs, to be built by Dalian Shipbuilding Industry Company (DSIC) and China Shipbuilding Trading Company for a...
Northern European Ports In Collaboration Receive EU Funding For Onshore Power
Four Northern European ports are set to significantly reduce emissions from container ships moored at their quays. With a joint support of €18,8 million from the EU fund “Connecting Europe Facility” for the project...