With the publication of ABS Methanol Bunkering: Technical and Operational Advisory, ABS is expanding its industry-leading suite of guidance on methanol as a marine fuel. A key component of the methanol value chain and the overall scalability of the fuel will be the ability to bunker methanol,...
https://www.hellenicshippingnews.com/abs-releases-industry-first-advisory-on-methanol-bunkering/
Mitsui O.S.K. Lines, Ltd. announced that it has decided to equip its LR1 product tanker Nexus Victoria (75,000 DWT class) with the “Filtree System,” an onboard CO2 capture system with a SOx scrubber (Note 1) manufactured by Value Maritime B.V. (VM) (Note 2), a Dutch emission reducing technology...
On April 10, KEYS Azalea, an LNG bunkering vessel owned and operated by KEYS Bunkering West Japan Ltd. (“KEYS”)1 — a joint venture established by Kyushu Electric Power Co., Inc.; NYK Line, ITOCHU ENEX CO., LTD.; and Saibu Gas Co., Ltd. — bunkered LNG for the pure car and truck carrier Daisy Leader2...
Clean LR2 In the MEG this week LR2 freight received a welcome upturn in freight rates this week. The TC1 rate for 75kt MEG/Japan resurged 41 points to WS207 and the 90kt MEG/UK-Continent TC20 voyage similarly cranked up its value by $1.28 million to $6.38 million. West of Suez, Mediterranean/East...
https://www.hellenicshippingnews.com/tankers-downward-trend-continued-for-the-vlcc-market/
Imoto Lines and Marindows, as a first step in transforming the future of domestic maritime shipping, will build the next generation of zero-emission domestic container ships capable of hybrid operation using Japan’s first exchangeable container batteries, alongside onboard batteries, and...
It’s a stark fact: more than 80% of global goods trade is transported by sea. And any disruption in maritime trade can have a profound impact on the worldwide economy. The latest potential flashpoint is the Strait of Hormuz. It’s a vital artery that carries around a fifth of the world’s oil. It’s...
During Week 16, the MABUX global bunker indices showed mixed dynamics with no a clear trend. The 380 HSFO index rose by 2.83 USD: from 549.31 USD/MT last week to 552.14 USD/MT. The VLSFO index fell by 1.88 USD (694.83 USD/MT versus 696.71 USD/MT last week), consistently staying below the $700 mark....
https://www.hellenicshippingnews.com/mabux-bunker-market-volatility-to-continue-next-week/
During the past year, H2 Energy and DFDS have worked together on a project to analyse the feasibility of retrofitting large ferries with a hydrogen propulsion system. Now, the project has been finalized contributing with important knowledge for further analysis on the use of hydrogen as an...
The Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (“KMG”), today announced its plans to advance the maritime biofuel ecosystem in Singapore with up to S$10 million in investments. This partnership will be spearheaded by two of its Alliance...
The Singapore-Rotterdam GDSC was established by the Maritime and Port Authority of Singapore (MPA) and Port of Rotterdam Authority (PoR) in August 2022 to accelerate transformation efforts for maritime decarbonisation and digitalisation. Singapore and Rotterdam are among the largest bunkering ports...