Terntank Places Repeat Order with Econowind for Hybrid Tankers
Terntank has placed a repeat order for wind-assisted VentoFoil systems from Econowind, expanding deployment to five hybrid tankers.
The methanol-ready vessels integrate wind propulsion, battery systems, and dual-fuel engines under the K-Sail concept.
...
QatarEnergy Secures Initial Funding for 25 Korea-Built LNG Ships
Nakilat partners with KEXIM to secure initial financing for 25 new LNG carriers being built in South Korea.
This deal marks a continuation of strategic ties between Qatar and Korea, with backing from...
Setting the Course for Egypt’s Green Shipping Future
Egypt's national efforts to decarbonize the shipping industry are being formulated into a National Action Plan, with support from the IMO's GreenVoyage2050 Programme. Egypt's National Action Plan (NAP) will address greenhouse gas emissions from...
Diana Shipping Charters m/v DSI Phoenix to Cargill in Lucrative Deal
Diana Shipping Inc. has secured a new time charter contract with Cargill Ocean Transportation for its 2017-built Ultramax dry bulk vessel, m/v DSI Phoenix. The vessel will earn a gross daily rate of $13,500,...
25/2024: “Under Way” vs “Not Under Way” in SEEMP Fuel Reporting
New MARPOL Annex VI data requirements will take effect on August 1, 2025, requiring ships to collect detailed fuel consumption data by consumer and operational status.
"Under way" and "Not under way" must...
US–EU Strike 15% Tariff Deal to Avert Trade War
U.S. reduces proposed tariffs on EU goods from 30% to 15%, averting a looming trade war.
The EU pledges $600 billion in U.S. investments and up to $750 billion in energy purchases.
While Germany welcomes...
PetroChina Delivers China’s First ULSFO Bunkering at Yangshan Port
PetroChina produced about 10,000 mt of ULSFO.
Refuels 875 mt at about Platts’ LSMOG delivered Singapore minus $20/mt.
H1 Singapore's ULSFO bunker sales stand at 4,500 mt.
PetroChina has produced about 10,000 mt of...
Strait of Hormuz and the Strategic Calculus of Iran’s Deterrence Doctrine
Iran utilizes the Strait of Hormuz as a geopolitical pressure point to deter threats without resorting to direct conflict.
The nation’s “active defense” strategy blends asymmetric warfare with legal and psychological tactics.
Disrupting...
AD Ports Signs 50-Year Deal with Emirates Food Industries
New Grain Storage Complex Planned at Khalifa Port.
Strategic Agreement Boosts UAE’s Food Security Infrastructure.
150,000-Ton Grain Facility to Enhance Supply Chain Resilience.
AD Ports Group has just signed a groundbreaking 50-year land lease...
Delaware River Oil Spill Exposes Critical Lapse in Pre-Transfer Communication
Coast Guard Urges Face-to-Face Pre-Transfer Conferences After Spill.
Safety Standdowns Recommended Following 4,200-Gallon Oil Discharge.
Unannounced Compliance Checks Advised After DOI Lapses Lead to Spill.
A recent oil spill on the Delaware River has...