Germany To Face Sharp Recession, After Russia’s Sudden Action
Germany would face a sharp recession if gas supplies from Russia are suddenly cut off.
The government said the war in Ukraine poses "substantial risks" for Europe's largest economy.
A recent news article published...
LNG & Methanol-fueled Tonnage Covers 28% of Boxship Orderbook
Container tonnage capable of running on methanol or LNG as a bunker fuel now takes up more than a quarter of the total boxship orderbook, reports Ship&Bunker.
Rapid growth in alternative bunker fuel demand
The two...
QatarEnergy Kicks Off Newbuild Orders With MOL Quartet
State-run QatarEnergy said it has signed charter deals for four LNG carriers with Japan’s MOL, completing the first batch of charter contracts awarded under its massive shipbuilding program, reports LNG Prime.
LNG Newbuild orders
Concurrent with...
First Time UK Commercial Judgment Recognized in PRC
Recently, the Shanghai Maritime Court handed down an order (2018) Hu 72 XWR No.1, recognizing a series of court judgments and associated rulings given by the English High Court and Court of Appeal against...
Cummins Bags Class Approvals for New Marine Engine
Cummins has gained approval from classification societies for its X15 marine engine after being ready for the sector for over three years, reports Riviera Maritime Media.
X15 marine engine gains approval
Class societies ABS, Bureau Veritas,...
MOL To Establish Marine Debris Collection System
Mitsui O.S.K. Lines, Ltd. has announced that its proposed survey aimed at establishing a system to collect plastic debris and other marine debris using debris collection ships was selected for the Japan International Cooperation...
Thordon Inks Multi-Vessel Supply Deal
Thordon Bearings has signed a multi-vessel supply agreement for a range of water-lubricated and grease-free bearings for installation to several fleet boats under construction at the FMT Shipyard & Repair facility in Louisiana, U.S.A....
Sea Routes Open Up With Global Heating
As climate crisis allows new maritime routes to be used, sooty shipping emissions accelerates ice melt and risk to ecosystems, reports The Guardian.
The pioneering voyage
In February last year, a Russian gas tanker, Christophe de...
LNG Shipping Stocks: Long Growth Suspended
The UP World LNG Shipping Index, the world’s only stock index focused on LNG shipping companies, lost 3% last week. U.S. stocks represented by the S&P 500 Index lost 1.27%, says an article published...
Hapag-Lloyd Drops Central America Calls
Port congestion has resulted in a dramatic increase in transit times on the service, says an article published in Seatrade.
US Gulf
The shipping line will maintain a connection on the route via rail through the...