James Fisher and Sons has ordered four new LNG dual-fuel tankers from China Merchants Jinling Shipyard (Yangzhou) Dingheng as part of its ‘fleet of the future’ business strategy.The new tankers, which will carry oil products and IMO Class II chemicals, will have LNG dual-fuel propulsion capability
The bipartisan, bicameral bill will fuel U.S. economy, strengthen national security by responding to China’s threat over the oceans. Currently, the number of U.S.-flagged vessels in international commerce is 80; China has 5,500.Today, Senator Mark Kelly (D-AZ), Senator Todd Young (R-IN), Representative John Garamendi (D-CA-8)
The last 12 months has seen values rise to near-record levels across several sectors of the shipping industry, fuelled by the post-covid shipping boom and a strong newbuild market.The report states that the newbuild market experienced continued growth, with a notable rise in orders, particularly in the Post/Panamax and Capesize sectors.
Dry bulk contracting falls 70% below average amid low rates.“Over the past three months, dry bulk newbuilding contracting has been 70% below the yearly average. Declining freight rates in recent months, a cloudy outlook and high newbuilding prices contributed to the slowdown, and contracting in 2024 will likely fall short of 2023 levels,” says Filipe Gouveia, Shipping Analyst at BIMCO.
Australia will partner with India to boost investment in renewable energy, including solar manufacturing, battery and mineral processing, Prime Minister Anthony Albanese said in a meeting with his Indian counterpart on the G20 sidelines.Australia and India will also look to enhance defense and maritime security cooperation
A Donald Trump presidential election victory [which as of this writing looks most likely] would have huge implications for U.S. trade policy, climate change, the war in Ukraine, electric vehicles, among other areas. While some of his proposals would require congressional approval, here is a summary of the policies he has said he would pursue in his second four-year term in office:MORE
At one of the world's biggest bulk export ports in Western Australia, shippers safely completed the first transfer of ammonia from one vessel to another last month, a key test for its adoption as a marine fuel in the push for cleaner energy.The first cargo ships powered by ammonia are set to enter service in 2026
Shipowners in all sectors face the same decision: build new or refurbish older tonnage. In the booming cruise sector the decision is more pressing, particularly as new construction ships can take two to three years to build, perhaps longer today with global shipyard orderbooks packed full.
China's COSCO Shipping Corporation has signed a preliminary agreement with Australia's Fortescue to jointly build a green fuel supply chain to help reduce pollution from the shipping industry, the Chinese company said on Monday.The memorandum of understanding includes exploring construction and deployment of green ammonia-fuelled vessels owned either by COSCO or jointly owned by both companies
“Each Career Connect Washington program is codeveloped with businesses and educators, so each program we build or expand meets the needs of industry and students.” -Andrew Clemons, Grant Administrator, State of Washington.In March, the U.S. Joint Office of Energy and Transportation announced a new workforce development webpage – for electric vehicle job opportunities.
Insurance broker Marsh and Lloyd's of London underwriters have expanded a marine war insurance program backed by Ukraine from grain shipments to all non-military cargo, such as iron ore and steel, Marsh said on Friday.Marsh, Lloyd's and Ukrainian state banks launched an initial program in November to cut the cost of claims for damage to ships and crew transporting grain through the Black Sea
AET, a member of the MISC Group, held a naming ceremony in Singapore for its latest liquefied natural gas (LNG) dual-fuel very large crude carrier (VLCC), Eagle Veracruz.The Singapore-flagged 300,000 dwt tanker was named by Singapore’s Minister for Sustainability and the Environment (MSE) Grace Fu, who is also the Lady Sponsor of the vessel.