Container shipping giant Mediterranean Shipping Company (MSC) counts biofuels and hydrogen-based fuels among options worth studying to potentially help the shipping industry meet decarbonization targets, one of the company's executive told an industry conference in Switzerland on Monday.“There’s no one single solution to decarbonize shipping.
A keel laying ceremony on Tuesday marked the official start of assembly on the first new U.S.-flagged Great Lakes bulk carrier to be built in more than 35 years.During the ceremony held by The Interlake Steamship Company and Fincantieri Bay Shipbuilding, (FBS) the keel was laid within the shipyard’s large graving dock in Sturgeon Bay, Wis.
The Baltic Exchange's main sea freight index marked its largest single-day percentage rise on Thursday, as capesize vessel segment rates jumped 50% on strong iron ore demand.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 281 points, or about 22.6%, to 1,527, its highest since Dec. 10.
The world's largest containership HMM Algeciras made its first European port call this week, entering Rotterdam’s Amaliahaven Wednesday on its maiden voyage to transfer containers at the Rotterdam World Gateway (RWG) terminal.The most recent vessel to hold the world’s largest containership crown
The biggest and most powerful liquefied natural gas (LNG)-fueled engine ever built has received type approval from classification society Bureau Veritas (BV), Switzerland-based engine manufacturer Winterthur Gas & Diesel (WinGD) said on Wednesday.BV awarded the approval for WinGD’s dual-fueled 12X92DF engines
The first of five Iranian tankers carrying fuel to Venezuela has moored at Venezuela's El Palito refinery, Iran's English-language Press TV reported on Monday.Iran is providing Venezuela with 1.53 million barrels of gasoline and components in a move criticised by U.S. authorities as both nations are under U.S. sanctions, according to the governments, sources and calculations by TankerTrackers.com.
Dubai's Drydocks World shipyard has started construction of the offshore wind installation vessel for the Dutch company Boskalis.Drydocks World held a steel-cutting ceremony on Monday to mark the start of production on a conversion project for Boskalis B.V.The shipyard will convert the drillship YAN into an offshore installation vessel named Bokalift 2.
The sulfur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the center stage in the shipping industry at outset of the new decade. Four months on, the spotlights have turned to the coronavirus and the OPEC+ oil price war.The outlook for global economic growth remains bleak as the world is faced with the largest recession since the Great
South Korean ocean carrier HMM held a naming ceremony for the newly constructed 24,000 TEU-class containership HMM Algeciras, the world’s largest containership, at the Daewoo Shipbuilding & Marine Engineering’s (DMSE) Okpo shipyard in Geoje, Korea.The 399.9-meter HMM Algeciras is the first of a dozen 24,000 TEU-class vessels scheduled to be delivered this year
Two Russian companies signed a deal on Thursday to build the world's most powerful nuclear icebreaker to help boost trade on a northern sea route crucial to forging closer links with Asia.Atomflot, a subsidiary of Russian nuclear group Rosatom, and the Zvezda shipyard, owned by a consortium led by oil giant Rosneft, said they would work together to build the Lider (Leader) icebreaker.
Classification society DNV GL had awarded a new class notation to mitigate fire risks on containerships to MSC Mediterranean Shipping Company. The notation, announced by DNV GL – Maritime CEO Knut Ørbeck-Nilssen in London, has been implemented on the largest containerships in the world, the 23,000+ TEU MSC Gülsün class.The new FCS notation is targeted exclusively towards containerships.
The final quarter of 2019 marked a massive decline of high-sulphur fuel oil (HSFO) sales, as the industry transitioned into compliance of the International Maritime Organization's (IMO) 2020 Sulphur Cap (IMO 2020). In Singapore, the world’s largest bunkering hub, the bunker sale landscape saw significant change as the sale of high-sulphur fuel oil dropped tremendously in a matter of months.