LNG Shipping Stocks: Two New Companies Extended the UP Index
During the last regular rebalance, which took place on October 29, 2021, the UP World LNG Shipping Index was expanded by two new companies: New Fortress Energy (NYSE:NFE) and the Russian PAO Sovcomflot (ME:FLOT),...
[Watch] ‘No Turning Back’ On Shipping’s Decarbonization, Warns BIMCO
BIMCO launched a new film, entitled "No Turning Back".
Shipping industry is estimated to be responsible for around 3% of annual greenhouse gas emissions.
About 90% of world trade is transported by ship....
Wallenius Wilhelmsen’s Fourth & Last HERO Sets Sail
Wallenius Wilhelmsen's fourth, and last, HERO vessel, MV NABUCCO started her journey towards Europe and is expected to reach Zeebrugge at the beginning of December, says a press release published on their website.
Last in...
Tanker Detained for Illegal Anchoring
The Malaysia Maritime Enforcement Agency (MMEA) on Monday (8 November) has arrested a tanker vessel over alleged illegal anchoring, reports Manifold Times.
Tanker detained
Johor State Maritime Director, First Admiral Nurul Hizam bin Zakaria, said the...
OPEC+ Not Shifting To Help With Oil Prices, Says Biden
Administration is weighing use of Strategic Petroleum Reserve
Biden to talk ‘at appropriate time’ about the remedies
President Joe Biden acknowledged that OPEC+ countries won’t increase oil output enough to meet U.S. demands and...
This Port Terminals Take Measures To Reduce Worsening Port Congestion
Charges for excessive container dwell times on docks are spreading on the US west coast, as ports and operators try to restore some fluidity to congested facilities, reports The loadster.
The practice is now coming...
Argeo Signed First Commercial Contract For Eelume Technology
Argeo AS, a survey and inspection company focused on subsea data acquisition and visualisation, has selected Eelume’s autonomous ‘snake robot’.
Argeo’s stated aim is to transform the ocean space inspection industry through robotics,...
Will The US Address the Skyrocketing Oil Prices?
Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand.
The United States said it was weighing options to address high prices.
A Reuters news report...
Wärtsilä Delivers Advanced Bridge Solution for Polar Cruise Vessel
Wärtsilä Voyage has successfully delivered its advanced integrated bridge and navigation solution for polar cruise vessel.
The contract was signed in June 2019 and, after successfully completing her sea trials in September 2021.
...
Svitzer Ventures Into Methanol Fuel Cell Tug Development
Towage operator Svitzer, which is part of A.P. Moller – Maersk, has signed an agreement with naval architect Robert Allan.
The agreement aims at designing a fuel cell tug for harbour operations which...