Retrofit Vs Newbuild: Challenge For Shipowners Seeking Future Carbon Compliance

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Classification society Lloyd’s Register recently published an article on the growing demand for replacement ships as shipowners face more carbon regulations targeting older, less efficient ships. Three Lloyd’s Register experts share their views on whether it’s wiser to retrofit an existing vessel to improve its carbon ratings or replace it with a new one, reports Manifold Times.

Retrofits versus ‘future-proofed’ newbuild ships

As Program Manager of LR’s Maritime...

https://mfame.guru/retrofit-vs-newbuild-challenge-for-shipowners-seeking-future-carbon-compliance/

Preem hires Sirius Shipping’s eco-friendly tanker for sustainable transportation

Sweden fuel company Preem has signed a time-charter agreement with Sirius Shipping for its eco-friendly tanker to supply green feedstock and renewable commodities.

The post Preem hires Sirius Shipping’s eco-friendly tanker for sustainable transportation appeared first on Offshore Energy.

https://www.offshore-energy.biz/preem-hires-sirius-shippings-eco-friendly-tanker-for-sustainable-transportation/

A Definite Weakness in The Market

The accelerating decline of container spot rates is proof of a downturn in the market, according to one of the industry’s most respected analysts, reports The Loadstar.

The rapid reversals

Vespucci Maritime’s Lars Jensen was referring to the rapid reversal in price direction on the Asia to US west coast and Asia-North Europe tradelanes, which saw their components in Drewry’s WCI index shed another 6% and 5%, respectively, this week.

“This clearly signals a weakness in the market, especially as we...

https://mfame.guru/a-definite-weakness-in-the-market/