NYK Introduces Carbon Neutral Initiatives at Clean Fuel Symposium

NYK introduces its Carbon neutral initiatives at International Symposium on clean fuel ammonia, reads an official press release. Implementation of the Fuel Ammonia Value Chain NYK participated in an international symposium on clean fuel ammonia held...

Highest Drop In Oil Product Stockpiles

Oil product stockpiles at the UAE's Port of Fujairah saw the highest drop on record in the week to Nov. 22 as light distillates such as naphtha posted the biggest decline in a year,...

DNV & Applied Risk Build World’s Largest Cyber Security Practice

DNV, the independent assurance and risk management provider, will acquire industrial cyber security specialist Applied Risk. Recovery from an attack can cost organizations hundreds of millions of dollars and companies are facing increasing...

BAE Launches Next Generation Power & Propulsion System

HybriGen Power and Propulsion is a flexible system - improving electrical efficiency and vessel range, increasing propulsion power, and simplifying installation. BAE Systems, a leader in electric propulsion, has launched its next-generation power...

Scrubber Overboard Pipe Repairs In Port

Diver/technicians carried out scrubber overboard pipe repairs in ports in Belgium, France, Malta and Spain. Exhaust scrubbers are systems that filter out all harmful toxins from exhaust gasses of marine diesel engines. Most ships...

Japan’s Jera Buys Spot LNG for Winter Supply

Japan's largest power generation company JERA has procured 2 million mt of spot LNG as additional winter supply for November to March 2022, reports Platts. Additional procurement "We have additionally procured all of the 2 million...

Oldendorrf Struck Its First Secondhand Market Deal

Oldendorff’s sale and purchase department has struck its first deal in the secondhand market since August, says an article published in Splash247. About the sale & purchase deal The German heavyweight has been willing to lay $24m...

Freight Rebounds Amidst Delays in LPG Terminals

Some vessels wait over two weeks to discharge India seeing hefty LPG imports to meet festive demand Delays at Panama Canal and Chinese ports also support freight India's large imports of LPG to meet...

OCI – Investments Firms Ink Strategic Partnership

Chemical producer OCI has launched a strategic alliance with investment firms ADQ and Alpha Dhabi Holding with the aim of developing the global market for methanol as a fuel. The platform will focus...

MSC’s Rapid Expansion In The Secondhand Market

Mediterranean Shipping Company (MSC) has shown no sign of slowing down its rapid fleet growth, linked this week to the acquisition of another four ships. Alphaliner estimates the price to be in the...