Mitsui O.S.K. Lines, Ltd. announced that it cooperated an LNG bunkering trial in Tomakomai Port, jointly conducted by Tomakomai Port Authority (President, Mayor of Tomakomai City: Hirofumi Iwakura; Address: Tomakomai-City, Hokkaido) and Japan Petroleum Exploration Co., Ltd. (Representative Director...
Aurelia Green Ship Concept Design has unveiled a new design with 100% hydrogen propulsion, which challenges the future of the green design business. The Certificate of Approval in Principle has been issued by RINA based on the new published RINA Rules for Hydrogen Fuelled Ships and the RINA Guide...
https://www.hellenicshippingnews.com/aurelias-100-hydrogen-powered-design-awarded-rina/
Freight rates have continued to fall as global trade volumes slow as a result of shrinking demand for goods, the latest data from S&P Global Market Intelligence showed. While freight rates have also fallen due to the easing in supply chain disruptions that were built up over the pandemic, a lot of...
Dry bulker and container freight rates have continued to fall over the past three months. Due to the seasonality of the market, dry bulk freight rates would typically peak in the third quarter; however, according to S&P Global Market Intelligence’s latest dry bulk freight market outlook, the second...
Kongsberg Digital, a subsidiary of KONGSBERG, and Shell Marine signed an MoU today to work together on new ways to accelerate decarbonization initiatives and assist the energy transition in the maritime industry. During the international maritime trade fair SMM this week in Hamburg, Kongsberg...
Over the Week 36 MABUX global bunker indices showed a moderate decline. The 380 HSFO index fell by 20.05 USD from 572.51 USD/MT last week to 552.46 USD/MT, still below the 600 USD mark. The VLSFO index, in turn, fell by 22.56 USD: from 836.93 USD/MT to 814.37 USD/MT. The MGO index lost 16.75 USD …
Oslo-based Xeneta is calling into question industry narratives of significantly declining ocean freight volumes and shipper dismay over rising Bunker Adjustment Factors (BAF). In its latest ‘Ocean Freight Pulse’ survey of its user base, made up of globally leading shippers, Xeneta found that over...
Norwegian satellite communications leader Telenor Satellite today announces that its THOR 10-02 Ku-band service on Newtec Dialog® platform from ST Engineering iDirect is being made available to clients in the Middle East. The company is a major supplier of premium connectivity via satellite to the...
The Baltic Exchange’s main sea freight index extended gains on Thursday as rates for the panamax vessel segment rose for the sixth straight session. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels, was up 45 points, or about 4%, at 1,178, a two-week...
https://www.hellenicshippingnews.com/baltic-index-up-as-panamax-rates-climb-for-sixth-session/
Corvus Energy, the world’s leading provider of zero-emission solutions for the maritime industry is pleased to announce that the Company has been selected to lead an IPN project – a program funded by the Research Council of Norway to promote innovation in the industry. Corvus Energy joins forces...