DNV Grants AiP for SeaTech and Oceania’s 10,000 cbm Ammonia Bunkering Vessel
DNV awards Approval in Principle (AiP) to SeaTech Solutions and Oceania Marine Energy for a 10,000 cbm ammonia bunkering vessel design.
The vessel...
Strait Showdown: Iran Votes to Shut Hormuz Post US Attack
Amid escalating tensions with the United States and Israel, Iran’s parliament has approved a measure to close the strategically vital Strait of Hormuz in...
Houthis Threaten US Ships in Red Sea After Strikes on Iran’s Nuclear Sites
US President Donald Trump’s decision to strike Iran’s nuclear facilities puts the Middle East in a volatile position, with all eyes now on...
Navigating Uncertainty: How Carbon Rules Shift Ship Strategy
Fleet owners are shifting toward clean-fuel vessels while adopting a cautious, second-mover strategy.
Ship valuations are splitting, with efficient vessels commanding premium rates...
Energy Efficiency: The Silent Powerhouse Driving Decarbonisation
The decarbonisation spotlight on shipping is often on shone on alternative fuels, but the role of energy efficiency should not be overlooked, according...
Ningbo Containerised Freight Index Slips as Mediterranean Rates Fall
The Ningbo Containerised Freight Index (NCFI), which captures spot freight rates for 20‑ft, 40‑ft, and high-cube containers on key export routes, showed a slight...
NWSA Debuts Shore Power at Tacoma’s Husky Terminal
The Northwest Seaport Alliance (NWSA) has announced the completion of shore power facilities at Husky Terminal in Tacoma.
Shore power facilities at Husky Terminal
On Sunday...
Two European Satellites Mimic Total Solar Eclipse as Scientists Aim to Study Corona
Proba-3 Mission Creates Controlled Eclipses to Study Sun’s Corona.
Twin Satellites Fly 150 Metres Apart to Replicate Total Solar Eclipses.
ESA Achieves Millimetre-Level...
SIPG Commissions LNG Bunkering Vessel for Green Port Expansion
Landmark Deal Signed with Jiangnan Shipyard for LNG Bunkering Vessel.
Vessel to Feature Smart Systems, BOG Power, and 25% GHG Reduction.
Delivery Set...
HD Hyundai Launches Global Project to Bring Fuel Cells to Cruise Ships
Joint Project with DNV and TUI Cruises Targets SOFC Deployment.
Hyundai Aims for Leadership in Low-Carbon Cruise Technology.
SOFCs Promise Clean, Quiet Power...
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APLICATIONS
Supply Outpaces Demand, But Demand Recovers in 2023’s Second Half
Highlights
Significant weakening of the underlying supply/demand balance with more downsides than upsides.
Freight rates, time charter rates, and second-ship values all under pressure...
