Wartsila Does World’s First Full Scale Ammonia Engine Test
Ammonia is seen as a promising carbon-free fuel that can help the maritime industry meet IMO’s goal of reducing greenhouse gas emissions from shipping by at least 50% by 2050.
Wärtsilä reports that...
First Basic Dynamic Positioning Operator (DPO) Remote Training for Crews
Kongsberg Maritime’s plan to ramp up remote delivery of targeted education.
Using digital platforms to offer the first basic Dynamic Positioning Operator (DPO) courses.
The hands-on experience is fully compliant with the DNVGL...
Shippers Stay Away from Transporting Scrap To China
Hapag-Lloyd and MSC will no longer accept scrap metal or paper as cargo to ports in China.
Announcements add one more layer of confusion to a scrap import landscape in China.
Chinese government...
DHT Holdings Updates Business Amid COVID-19
DHT Holdings, Inc. provides the following business update amid coronavirus outbreak, reads the company's press release
Time Charters
DHT Scandinavia has been significantly delayed discharging cargo on her current voyage and has thereby failed to...
Deeper Global Recession Ahead As We Stare at 4.9% Global Contraction, Says IMF
IMF downgraded its outlook for the coronavirus-ravaged world economy.
It expects global gross domestic product to shrink 4.9% this year, more than the 3% predicted in April.
For 2021, the fund sees a...
10 Super Reasons Why Stock Market is To Crumble Again
Over the subsequent 11 weeks following the March 23 bottom, the S&P 500 bounced more than 40% off of its lows and got within sight of an all-time high.
In fact, the technology-heavy Nasdaq...
Seafarers Pushed To Limits As Govts Slow on Crew Change: Intercargo
Last month, the World celebrated 10 years of the Seafarers' Day amidst a raging crew change crisis that has made the life of seafarers miserable in an already difficult pandemic time. Intercargo released a...
WHO Sends Team To Check COVID19 Origin, Says Contact Tracing the Only Way
According to a Reuters report, the World Health Organization chief said on Monday that Tracing contacts of people with coronavirus infections is the most important step in fighting the COVID-19 pandemic, and countries that...
Another Maritime Heavyweight Joins Maersk Decarbonizing Research Center
Cargill has joined leading players to launch the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping in Copenhagen.
The center will focus on developing new fuel types and technologies.
A significant move to...
Global COVID19 Response Gets $6.9 bn Funding As Countries Pledge To Support
According to a Reuters report, a pledging summit on Saturday raised 6.15 billion euros ($6.9 billion) to tackle COVID-19.
What is it?
The event was part of a joint initiative by the European Commission and the advocacy...