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Russia
Vessels

S&P Global: Russia’s ghost fleet estimated at 434 vessels

Since the introduction of G7 oil price cap for Russia’s crude oil and refined products there have been speculations on Russia’s so-called shadow fleet being used to evade sanctions. Russia has repeatedly stated that it will not work with the price cap, but the vast majority of seaborne Russian oil s

about 3 years ago
MAMII members
Vessels

7 new members join methane busting initiative

Seven new members have joined the Methane Abatement in Maritime Innovation Initiative (MAMII), launched in September 2022. New members of the Methane Abatement in Maritime Innovation Initiative (MAMII) include CoolCo, United Overseas Management, Capital Gas, Celsius Tankers, Global Meridian Holdings

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about 3 years ago
Scrubber
Vessels

BIMCO: Scrubber installation set to rise despite 2022 fall

Exhaust gas cleaning systems, also known as scrubbers, were installed on 399 ships in 2022, marking a fall of 24% y/y, data from BIMCO shows. The systems are being installed on ships to comply with the IMO 2020 Sulphur Cap as a way of cleaning out sulphur emissions while continuing to burn less expe

about 3 years ago
Zim Sammy Ofer
Vessels

ZIM CEO: Our LNG-powered newbuilds will improve our cost structure in 2023 and beyond

Closing an exception year, Israeli container shipping heavyweight ZIM is bullish on the outlook, especially as it starts to welcome LNG-powered newbuilds into the fleet. The company reported total revenues for the full year of 2022 worth $12.56 billion, compared to $10.73 billion for 2021, primarily

about 3 years ago
UN coordinator urges public help with funding to stave off ‘5th largest oil spill from a tanker in history’
Vessels

UNDP buys Euronav’s VLCC to prevent catastrophic spill from ‘ticking bomb’ FSO off Yemen

The United Nations Development Programme (UNDP) signed an agreement with tanker owner EURONAV Luxemburg to buy a very large crude carrier (VLCC), as part of the UN-coordinated operation to remove more than one million barrels of oil from a decaying tanker off Yemen’s Red Sea coast. The new vessel to

about 3 years ago
K Shipbuilding
Vessels

Al Seer Marine unveils orders for two additional MR tankers, VLGC

Al Seer Marine, a unit of Abu Dhabi-based International Holding Company, confirmed an order for two additional MR tankers at Korea’s shipbuilder K Shipbuilding. The order was disclosed in a stock exchange filing, a month after K Shipbuilding announced the deal without disclosing the name of the ship

about 3 years ago
ammonia-powered
Vessels

Maersk Mc-Kinney Moller Center: Emission risks won’t be a showstopper for ammonia-based fuels

The toxicity of ammonia as potential zero-emission fuel of the future for the shipping industry might be solvable after all despite all the hype over its likely impact on the safety of seafarers. There have been a lot of discussions about the dangers of potential releases of ammonia on board during

about 3 years ago
Illustration; Source: Worley
Vessels

In focus: Tackling energy trilemma with oil & gas industry calling the shots

With the global oil and gas industry’s income skyrocketing to nearly $4 trillion in 2022, many are of the opinion that this sector holds the purse strings. Will it tighten or loosen them to invest a considerable chunk in the clean energy transition?

12 minutes read
Excelerate Energy signs extension agreement for FSRU Explorer
Vessels

Excelerate Energy signs extension agreement for FSRU Explorer

US-based liquefied natural gas (LNG) company Excelerate Energy has secured a 5-year extension of its time charter agreement with Dubai Supply Authority (DUSUP) for the FSRU Explorer. Commenting on the announcement, Excelerate said it looks forward to continuing the partnership with DUSUP and remains

about 3 years ago
MSC World Europa
Vessels

Bloom Energy fuel cells demonstrate increase in efficiency in first major marine deployment

Bloom Energy, a US-based green energy company, has revealed that, in the first major marine deployment, its fuel cells demonstrated a significant increase in electrical efficiency. The 150kW solid oxide fuel cell platform provided auxiliary power to the luxury cruise ship called MSC World Europa whi

about 3 years ago
Felicity Ace
Vessels

World’s biggest maritime cargo carriers join Safetytech accelerator

Some of the world’s biggest maritime cargo carriers are joining forces with the world’s first industrial safety technology accelerator to launch an innovation initiative to reduce cargo loss at sea. The companies joining the accelerator are Evergreen Line, HMM, Maersk, the Offen Group, Ocean Network

about 3 years ago
UAE firm to convert multi-carrying vessel into cable-layer
Vessels

UAE firm to convert multi-carrying vessel into cable-layer

UAE-headquartered P&O Maritime Logistics has unveiled plans to convert one of its multi-carrying vessels (MCVs) into a cable-laying vessel (CLV) that would be used to connect offshore wind farms with the mainland. The CLV will feature an ultra-shallow draft, engineering grounding capability, and a 4

about 3 years ago
RightShip: Half of maritime incidents in 2022 occurred in ports and terminals
Vessels

RightShip: Half of maritime incidents in 2022 occurred in ports and terminals

Half of the maritime incidents recorded in 2022 occurred in ports and terminals, data from ship vetting agency RightShip shows. According to the data, there were 2,400 incidents in 2022 where the location was recorded. RightShip said that half of the incidents occurred for vessels in the ports and t

about 3 years ago
Biofuels
Vessels

Biofuels: the low-hanging fruits ensnared in policy gaps

Biofuels have emerged as a promising solution that can be implemented without significant changes to existing infrastructure. Nevertheless, there are numerous challenges hampering their wider adoption.

about 3 years ago