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Northern Lights
Vessels

Blue ammonia to be abundantly available for maritime industry by 2027, says Maersk Mc-Kinney Moller Center

Blue ammonia, an attractive fuel for the maritime industry, is expected to become available in significant quantities by 2027, with the potential for significant scale-up in production over subsequent years, according to a recent report by Maersk Mc-Kinney Moller Center for Zero Carbon Shipping. The

about 3 years ago
Fugro orders USV video streaming technology from Australian company
Vessels

Fugro orders video streaming technology from Australian company

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Fugro Middle East has placed an order with an Australia-headquartered company for video streaming technology for its uncrewed surface vessel (USV) operations. Perth-based Harvest Technology Group reported that it had secured its first order from Fugro Middle East for its hybrid Nodestream and Remote

about 3 years ago
MMMCZCS: Navigating the regulatory traps to drive real change
Vessels

MMMCZCS: Navigating the regulatory traps to drive real change

Regulatory measures implemented by the International Maritime Organization (IMO) often set out with the noble goal of curbing carbon dioxide (CO2) emissions and promoting sustainability within the global shipping industry. Yet, the journey from regulation to actual emission reduction can be marred b

about 3 years ago
World’s first liquefied H2 carrier Suiso Frontier to visit Oman
Vessels

World’s first liquefied H2 carrier Suiso Frontier to visit Oman

Suiso Frontier, the world’s first liquefied hydrogen carrier built by Kawasaki Heavy Industries (KHI), is scheduled to arrive at the Sultan Qaboos Port in Muscat, Oman, today (14 August). According to local media reports, the ship departed Abu Dhabi and is heading to Muscat for its first visit to th

about 3 years ago
New Dutch donation to bridge funding gap, allowing UN to embark on salvage ops for ‘ticking timebomb’ in Red Sea
Vessels

With the oil transfer completed, the final destination of FSO Safer remains unknown

The successful completion of the oil transfer operation from the FSO Safer marks a significant milestone in averting a potential environmental and humanitarian catastrophe in the Red Sea. However, the mission is far from over, as the next crucial steps involve making a decision that would ensure the

about 3 years ago
Fugro delivers milestone subsea inspection in the Middle East
Vessels

Fugro delivers first-ever remotely operated subsea inspection in the Middle East

Fugro has carried out what is said to be the first-ever remotely operated subsea inspection using an uncrewed surface vessel (USV) in the Middle East. Having commissioned the region’s first-ever government-licensed USV in early 2023, Fugro has now carried out its first USV operation for a client in

about 3 years ago
Beihai Shipbuilding
Vessels

VesselsValue: Tankers lead the demolition charge

Tankers took the lead in the demolition market, comprising approximately 43% of all scrapped cargo vessels in 2022, according to insights from VesselsValue. Despite this dominance, the number of tankers scrapped actually decreased by 55% YoY, dropping from 123 in 2021 to 55 in 2022. In comparison, t

about 3 years ago
FSO Safer with Yemen and Ndeavor moored alongside; Courtesy of Boskalis
Vessels

With oil disaster averted, world breathes a sigh of relief but more funds needed to wrap things up

The way to secure the funds to complete the operation in full hangs in the air with around $20 million still missing.

about 3 years ago
Has the time come for ‘demolition flurry’ everyone was talking about to boost liner profits?
Vessels

Has the time come for ‘demolition flurry’ everyone was talking about to boost liner profits?

The container shipping industry is grappling with a complex challenge – an overcapacity crisis. The surge in new containerships ordered during the pandemic, coupled with supply chain normalization at major ports and inland regions, has led to a flood of capacity that is profoundly disrupting the equ

about 3 years ago
BIMCO: Soaring containership deliveries to push fleet growth by 4.5 m TEU
Vessels

BIMCO: Soaring containership deliveries to push fleet growth by 4.5 m TEU

Deliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU in 2023, beating the previous record by 0.2 million TEU, data from BIMCO shows. As recycling of ships has remained low, the fleet capacity has grown 4.3% since January. The contra

about 3 years ago
Cargill
Vessels

ZeroNorth partners with Cargill to optimize over 600 vessels and drive green efficiency

Climate technology company ZeroNorth has signed a three-year contract with Swiss freight trader Cargill on the provision of software for optimisations across vessels and voyages. The deal will see ZeroNorth become the main optimisation partner for more than 600 vessels the aim being to drive efficie

about 3 years ago
Maersk feeder bunkering with Agility tanker; Image credit Maritime & Port Authority of Singapore
Vessels

Interview: After shattering records in green-methanol bunkering, OCI Global stresses the power of collaboration for a smooth transition

Green methanol is rapidly emerging as a transformative marine fuel, leading the charge in the maritime industry’s quest for sustainable and eco-friendly shipping operations, it is quickly becoming a prominent contender in the race to decarbonize the sector. As the imperative for decarbonization of t

about 3 years ago
methanol powered tanker
Vessels

July orders propel methanol past 200 ships mark

According to the latest data from DNV’s Alternative Fuel Insights (AFI) database, the month of July saw the addition of 14 LNG-fueled ships. Still, the real star of the show was methanol, with a staggering 48 methanol-fueled ships, including retrofits, joining the ranks. The July orders have pushed

about 3 years ago
maersk
Vessels

Market normalization hits Maersk’earnings as demand woes and phasing in massive orderbook challenges loom

As the demand in the container shipping sector normalizes after a massive surge during COVID-19, the industry majors are reporting lower earnings and bracing for the upcoming period trying to keep discipline in Capex spending. Industry major Maersk reported a better-than-anticipated quarterly profit

about 3 years ago