The shipping industry has been watching the dual-fuel engine choices made for newbuildings as an indicator of what many see as an uncertain fuel future.In December, DNV’s Alternative Fuels Insights platform counted 27 ammonia and 322 methanol-fueled vessels currently on the orderbooks.Methanol has raced ahead of ammonia, which currently lags in both engine and regulatory development.
Traders diverted at least six cargoes of liquefied natural gas that were on course for Asia to Europe earlier this month, drawn by higher European prices and amid weak Asian demand, according to analysts and shipping data.The diverted cargoes could help meet additional European demand as countries seek to replace piped Russian gas after the Ukraine transit deal expired on Jan.
Tech leaders across maritime have the unenviable task of plotting for, at best, a fuzzy future. Make no mistake, the mission is clear: emission reduction leading to decarbonization. But the means to that end – and the realistic timeframe to get there – is less than clear. Sit with Sameer Kalra, President, Marine
Italian shipbuilder Fincantieri has received an order for a new cruise ship from U.S.-based cruise operator Crystal, following the exercise of the option granted under the two-unit agreement from June 2024.The value of the agreement, subject to financing and other terms and conditions, is considered as large, which for Fincantieri means it represents a value between $590 million to $1.07 billion.
A Tanzanian national has appeared in the Port Adelaide Magistrate's Court in Australia charged with the alleged importation of 3kg of methamphetamine into Australia.An investigation started on November 8 after a security officer contracted by Flinders Ports at Port Adelaide stopped the cargo ship crew member, 50, for a random baggage inspection as he left for shore leave.
Dozens of tankers have joined the shadow fleet this year compared with hundreds in previous years as the harshest Western sanctions yet target Russia's oil exports and add to the difficulty of finding suitable vessels, shipping sources said.The European Union and Britain last month imposed further sanctions on Russia over its war in Ukraine.Together with U.S.
Australia offers a secure alternative supply for critical minerals vital to industry, its trade minister Don Farrell said on Thursday, in the face of rising concerns about Beijing's dominance of the sector.China's decision in April to suspend exports of a wide range of rare earths and related magnets crucial to sectors ranging from automakers to aerospace and defence was widely seen as Beijing
French shipping and logistics group CMA CGM will continue to avoid the Red Sea even though it considers the region is more stable following the ceasefire agreement between Israel and Hamas, it said on Saturday.Shipping executives remain cautious about a return to the Red Sea, where Iran-backed Houthis have carried out more than 100 attacks on ships since November 2023
HII’s Ingalls Shipbuilding division and the U.S. Department of Labor’s Job Corps program, partnered to host a two-day recruiting event to offer students a direct career path to a job in the shipbuilding industry. The event attracted over 120 students from across 20 states who interviewed for positions in key trades, including welding, electrical, and machining.
MPT announced the addition of Dr. Crystal Allen Craft as Vice Principal of Academic Affairs. Dr. Craft brings extensive maritime, engineering, and leadership history to this role, contributing to MPT’s position as the U.S.’s largest private maritime training school.Dr. Craft began her professional career at New York Maritime College (SUNY)
At least five cargoes of LNG have diverted from Asia to Europe in the past few days, drawn by higher gas prices on the continent after Russia's Gazprom halted supplies to Austria's OMV, data from analytics firm Kpler showed.On Saturday Gazprom halted supplies to top Austrian gas importer OMV after OMV threatened to impound some of the Russian state firm's gas as compensation for an arbitration
The US Navy’s newest Arleigh Burke-class guided-missile destroyer, USS John Basilone, has been commissioned.DDG 122 became the 74th ship of her class and the second ship to bear the namesake of John Basilone, the only Enlisted Marine to earn the Medal of Honor and the Navy Cross during World War II.