Ask the right government department in any G7 state and you’ll find funding to put battery power for your vessel. Beyond funds, new battery makers and system integrators are ironing out safety issues, and a growing number of giga-sized cell factories offer hope that costs will fall for marine energy storage, as ESS choice grows.
China's exports rose at the fastest pace in five months in June as factories revved up after the lifting of COVID lockowns, but a sharp slowdown in imports, fresh virus flare-ups and a darkening global outlook pointed to a bumpy road ahead for the economy.Analysts say the rebound in exports reflected an easing of supply chain disruptions and port congestion that hammered the world's
Melting ice in the Arctic Ocean could yield new trade routes in international waters, reducing the shipping industry’s carbon footprint and weakening Russia’s control over trade routes through the Arctic, a study found.With climate change rapidly warming the world’s oceans, the future of the Arctic Ocean looks grim.
Western sanctions on Russia have significantly reduced state oil revenues and diverted tens of billions of dollars towards shipping and refining firms, some with Russian connections.Most of the winners from the sanctions are based in China, India, Greece and the United Arab Emirates, at least 20 trading and banking sources said. A handful are partly owned by Russian companies.
China is making fast inroads in the market for newbuild liquefied natural gas (LNG) tankers as local and foreign shipowners turn to its shipbuilders for the specialty vessels because long dominant yards in South Korea are fully booked. Three Chinese shipyards - only one of them having experience building large LNG tankers - won nearly 30% of this year's record orders for 163 new gas carriers
About the Author: Captain Rahul Khanna is Global Head of Marine Risk Consulting at Allianz Global Corporate & Specialty. A marine professional with 26 years of experience within the Shipping and Maritime industry, Captain Khanna served more than 14 years on board merchant ships in all ranks, including Master of large oil tankers trading worldwide.
China has entrusted a defense-focussed state firm to ship millions of barrels of Venezuelan oil despite U.S. sanctions, part of a deal to offset Caracas' billions of dollars of debt to Beijing, according to three sources and tanker tracking data. China National Petroleum Corp (CNPC) stopped carrying Venezuelan oil in August 2019 after Washington tightened sanctions on the South American exporter.
Classification society LR said it has awarded approval in principle (AiP) to Dalian Shipbuilding Industry Company (DSIC), the largest shipbuilding company in China, for the first Chinese Newcastlemax bulk carrier concept to be powered by ammonia, a promising zero-carbon-emitting fuel.
China is ready to resume oil and gas talks and manage maritime issues "cordially" with the Philippines, China President Xi Jinping said on Wednesday, according to Chinese state television.Xi was speaking to his Philippines counterpart Ferdinand Marcos Jr, who was on a three-day visit to Beijing.
Battery maker AYK Energy and Western Baltic Engineering strike partnership to electrify inland waterway transport.Lithuanian ship designer Western Baltic Engineering (WBE) is accelerating the development of its recently unveiled electric ‘pusher’ vessel with the signing of a new partnership with battery maker AYK Energy
An injured crewmember was airlifted Tuesday from a Hong Kong- flagged bulk carrier in the north Pacific Ocean, approximately 230 nautical miles southwest of Dutch Harbor, Alaska.Watchstanders from the 17th Coast Guard District received a report from the Xin Li Hia crew at approximately 5:20 p.m. Sunday requesting a medevac of a crewmember who was suffering from severe abdominal pain.
Saft, a subsidiary of TotalEnergies, launched Seanergy 2.0, a new lithium-ion (Li-ion) battery system for full-electric and hybrid vessels. The system can be scaled to suit propulsion and other loads on board vessels including ferries, workboats and tugs, offshore support vessels, cruise liners and yachts.Seanergy 2.