Hope Dims for Airfreight Recovery as Inventories Heal Slowly

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Air logistics executives had hoped for a shipping demand recovery after the first quarter and a gradual improvement throughout the year as retailers reduced...

Shipping Boom Hangover: When Measuring Markets Gets Tricky

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The double-digit declines keep piling up for container shipping. The Port of Long Beach said Friday that April imports fell 22% from the year...

Market For CO2 Transport And Storage Evolving Rapidly

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Northern Lights, a joint venture (JV) of energy majors Shell, Equinor and TotalEnergies, has signed a deal that paves the way for the acceleration...

TECO 2030 Moves Ahead on Fuel Cell Stack Technology

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Scandinavian marine technology consortium TECO 2030 has produced its first manual fuel cell stack for marine and heavy duty use, the company has said, reports...

Panama April Bunker Sales Slump To Seven-Month Low

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Marine fuel demand in Panama sank on both a monthly and yearly basis in April, reaching the lowest level in seven months as HSFO sales plummeted, reports Ship...

Ørsted to Store 430,000 Tonnes of CO2 Emissions Under Seabed

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Ørsted was awarded public funding from the Danish Energy Agency to develop a CO2 capture hub for the biomass power station. Carbon capture...

Tanker Orders Rise Up By 250%!

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Analysts at Xclusiv Shipbrokers maintain that the global tanker fleet is in danger of shrinking in the near future mainly because of the...

Asian Seafarer Hubs Step Up To Meet Decarbonization Challenge

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The steady progress by key seafarer home nations in Asia, such as the Philippines and Indonesia, to equip their maritime workers with the skill...

NYK Concludes Long-Term Charter Agreement For 4 New LNG Carriers

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NYK has signed long-term charter contracts for four new liquefied natural gas (LNG) carriers with EnBW Energie Baden-Württemberg AG (hereafter EnBW), a major German...

Benefits Of Slow Steaming On Emissions Might Be Grossly Overestimated!

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The emission benefits of slow-steaming may have been “grossly overestimated”, according to studies by Simpson Spence & Young, corroborated by research from Clarksons last...
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