Denmark's Maersk is preparing to resume shipping operations in the Red Sea and the Gulf of Aden, the company said on Sunday, citing the deployment of a U.S.-led military operation designed to ensure the safety of commerce in the area.The shipping giant paused sending vessels through the Bab el-Mandeb strait earlier in December due to attacks against its ships.
The regulatory landscape is about to get a whole lot more complicated, with the advent of FuelEU Maritime from January 1, 2025. This ambitious framework, focusing on the ‘well-to-wake’ GHG intensity of vessels trading within Europe, laughs in the face of traditional methods of calculating and tracking emissions, making Excel sheets strictly yesterday’s news.
Provaris Energy has released preliminary results for meeting Europe’s Renewable Energy Directive II (RED II) emissions standards for its bulk hydrogen shipping concept based on its proprietary H2Neo carrier sailing between Norway and Germany.Implemented in December 2018, RED II sets stringent emissions standards aimed at fostering the use of renewable energy sources and reducing greenhouse gas
Hurtigruten is working towards drastically reducing and recycling edible food waste from its fleet operations. A specially designed reactor at one of its ports converts edible food waste into compost used to grow vegetables for Hurtigruten.The initiative encompasses a comprehensive approach to waste management
HD Hyundai Marine Solution has signed an agreement with Greek operator Neptune Lines Shipping and Managing Enterprises SA to provide Engine Part Load Optimization (EPLO) services for four car carriers.HD Hyundai Marine Solution partnered with Accelleron to launch the EPLO service, receiving the first order for one ship in October last year.
Norwegian shipowner Gram Car Carriers announced it has refinanced the Viking Adventure with an undisclosed Japanese bank.The new $41 million loan has a duration matching the vessels current charter ending in mid-2028 and a margin of SOFR +1.73%. This compares a margin of SOFR +4.26% under the previous lease financing which was repaid earlier this year, the company said.
Bahri business unit Bahri Chemicals will charter two newbuild methanol-powered tankers under a five-year agreement with methanol producer Proman. The vessels, which were officially named during a ceremony hosted at Guangzhou Shipyard International (GSI) in China in November 2023 where both ships were built, will be deployed to transport various products globally.