Weak or negative returns for VLCCs hauling crude from the Persian Gulf to North Asia are prompting shipowners to adopt cost-cutting measures like curtailing sailing speed and idling their ships Continue Reading
Carnival Corp (CCL.N) Chief Executive Arnold Donald anticipates at least two more tough years for the cruise industry, which is unlikely to return to pre-pandemic levels until at least 2023, the Continue Reading
Some of the world’s biggest exporters in Asia are intervening to alleviate a shipping container shortage that jeopardizes their overseas trading. Government-owned Indian Railways has moved empty boxes to inland depots Continue Reading
Lloyd’s Register (LR) has awarded an Approval in Principle to EXMAR for its ammonia (NH 3 )-fueled 40,000 m 3 Midsize Gas Carrier, a significant milestone for the progression of Continue Reading
Times are getting tougher by the day for oil tanker owners. With too many vessels to haul fuel, losses for supertankers on a benchmark Middle East-to-China route deepened to $6,779 Continue Reading
Times are getting tougher by the day for oil tanker owners. With too many vessels to haul fuel, losses for supertankers on a benchmark Middle East-to-China route deepened to $6,779 a Continue Reading
When shipping giant Maersk announced last month it would operate a “carbon-neutral” vessel by 2023, the Danish company committed to using a fuel that’s made from renewable sources, is free Continue Reading
A number of ammonia-fueled ships will likely hit the waters well before 2030, with gas carriers likely to emerge early adopters, as international shipping gears up for the International Maritime Continue Reading
When the International Maritime Organisation announced plans to significantly reduce the amount of sulfur ships were allowed to emit, the industry adjusted relatively quickly. After all, it was all about Continue Reading
The Michelin Group recently signed a transport commitment with the French shipping line NEOLINE . NEOLINE’s decarbonized shipping service relies on wind energy as the main propulsion for its 136m Continue Reading
