BIMCO Introduces Methanol Annex to Support Alternative Fuel Transition
BIMCO’s Documentary Committee has adopted a Methanol Annex to its Bunker Terms 2018, marking another step in supporting the maritime industry’s ongoing transition toward...
Maersk and CATL Forge Strategic Alliance to Accelerate Global Logistics Decarbonization
A.P. Moller – Maersk and Contemporary Amperex Technology Co., Limited (CATL) have signed a strategic Memorandum of Understanding (MoU) to advance decarbonization efforts across...
China’s First Methanol Dual-Fuel Container Ship Completes U.S. West Coast Voyage
China Marine Bunker (PetroChina) (Chimbusco) announced that China’s first domestically built methanol dual-fuel container vessel successfully completed its maiden voyage to the U.S. West...
U.S. Threatens Sanctions and Visa Curbs Over Support for IMO Emissions Plan
The United States on Friday threatened to use visa restrictions and sanctions to retaliate against nations that vote in favor of a plan put...
Crunch Week for Shipping’s Decarbonisation Strategy Opens
As a special meeting of the IMO’s Marine Environment Protection Committee (IMO, MEPC/ES.2) opens tomorrow in London, environmental organisation the Clean Shipping Coalition is...
Beyond Data: The Expanding Subsea Network of Oil, Gas, and Power Cables
The story of submarine infrastructure is a hidden narrative of global connectivity, beginning with a simple experiment and evolving into a vast, vital network...
Capesize Rate Volatility Marks Market Split, Panamax Gains Momentum
The Capesize market experienced a week of two halves, with steady gains early on followed by a loss of momentum as sentiment turned softer.
Capesize...
VLCC TCEs Solid Despite Rate Volatility in Middle East and West Africa
The VLCC markets responded in different ways this week with the Middle East and West Africa losing ground, but the US export market recovered.
VLCC...
Global Initiative Aims to Accelerate Shipping’s Transition Beyond Methane Fuels
A new global initiative, Maritime Beyond Methane (MARBEM), has been launched with the specific goal of accelerating the shipping industry's necessary transition away from...
Corvus Energy Secures $60 Million Growth Capital to Accelerate Maritime Decarbonization
Corvus Energy, the world's leading supplier of energy-storage systems (ESS) for the maritime industry, announced a significant growth capital injection to accelerate its contribution...
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