GMF

GMF: Ammonia-run Ships for W. Australia Exports By 2028

Credits: Marek Piwnicki/Unsplash

Vessels running on clean ammonia could be deployed on the iron ore route from Western Australia to China by 2028 and be used for up to 5pc of total shipments annually by 2030, according to the Global Maritime Forum (GMF) in a new feasibility report, reports Argus Media.

Global Maritime Forum Study

A suitable vessel design for an ammonia-powered bulk carrier might be ready by 2025, the research says, with several projects under way globally to develop such a vessel.

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https://mfame.guru/gmf-ammonia-run-ships-for-w-australia-exports-by-2028/

Global Newbuild Orders Crumble Amid Rising Economic Setback

  • Pre-COVID, the bull case for shipping rates was all about plunging newbuild orders.
  • A drop in orders in 2019 pointed to rising freight rates in 2021, given the lag between contract signing and delivery.
  • Mid-COVID, the bull case for rates is even more about plunging newbuild orders than before.
  • There will be a lot fewer vessels on the water in 2021, 2022 and beyond than previously thought.
  • New data provided to FreightWaves confirms that 2020 is shaping up to be an exceptionally weak year for...

https://mfame.guru/global-newbuild-orders-crumble-amid-rising-economic-setback/

Cargill Joins New Research Center To Decarbonize Its Shipping Fleet

  • Cargill has joined leading players to launch the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping in Copenhagen.
  • The center will focus on developing new fuel types and technologies.
  • A significant move to accelerate the industry’s commitment to decarbonizing shipping by 2050.
  • Cargill’s plans to reduce GHG emissions across its global supply chains by 30% per ton of product by 2030.
  • It has a fleet of 600 chartered vessels.
  • It has reduced its aggregated gross CO2 emissions by around 800,000...

https://mfame.guru/cargill-joins-new-research-center-to-decarbonize-its-shipping-fleet/