Oil Tanker Under Attack In The Red Sea
An oil tanker came under attack while at a Saudi Arabian terminal in the Red Sea about 125 miles north of the country’s border with Yemen, according to the vessel’s owner, reports Bloomberg.
The Agrari,...
Suez Canal Offers Discount in Tolls for VLCCs from Europe
With tanker rates looking dire for the winter and beyond, the Suez Canal Authority has taken the decision to slash tolls for laden VLCCs heading from Europe to Asia in half.
This slash...
China Rebuffs Musk’s Idea & Goes Ahead With Hydrogen Fuel Cells
Elon Musk has spent years mocking the idea of using hydrogen fuel cells rather than electric batteries to power next-generation green vehicles.
“Fuel cells = fool sells,” the boss of the world’s top...
[Watch] Maersk To Launch a $1.6B Buyback Program
A.P. Moller-Maersk A/S Chief Executive Officer Soren Skou discusses container volumes and freight rates after the world’s biggest container shipping company said its finances are strong enough to launch a $1.6 billion share buyback...
US To Impose Strict Measures On Cyber Risk Management
United States requires all ships, U.S. flagged ships and foreign flagged ships that call on ports in the U.S, to ensure proper addressing of cyber risk management, says an article published in BIMCO website.
In...
Propeller Fuels Announces First Overseas Expansion
UK-based bunker supplier Propeller Fuels is set to expand to Greece.
The supplier is about to open an office in Athens in its first international expansion since its formation three years ago.
UK based...
MAN Energy To Offer EGR System for Low Speed Dual-fuel Engine
MAN Energy Solutions has announced that it is to offer its proprietary EGR system as an emissions solution for its new, low-speed ME-GA engine ME-GI dual-fuel engine.
EGR is a NOx-emissions-reduction technique that...
Piriou Unveils Hydrogen Propelled Crew Transfer Vehicle
Piriou has developed a crew transfer vessel (CTV) for the offshore wind industry that has a hydrogen hybrid propulsion system.
The hybrid propulsion system is intended to reduce emissions during operation.
Piriou, in France,...
Tanker Newbuilding Deliveries Fall To 6-year Low in Bearish Markets
Alphatanker predicts 25 tankers in this year’s orderbook will be delayed to 2021.
Absolute tanker deliveries are likely to total just 171 ships this year, the lowest level since 2014.
Some 12.6% of...
The ‘Cold’ Truth About COVID-19 Vaccines
The "cold chain" is just one of the challenges in distributing vaccines worldwide.
Business heats up for freezer makers as COVID-19 vaccines approach the finish line.
Development of COVID vaccines have reached their final...