NYK Line plans to conduct longer-term biofuel bunker trials
Move aims to address shortage of experience with regard to fuel compatibility with existing onboard machinery
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December 2023
Gulf Navigation buys out Turkish partner’s 40% stake in maritime agency joint venture
Shipowner says full ownership of Gulf Navigation Polimar Maritime will boost revenues and pave way for expansion
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Venezuelan threat prompts Joint War Committee to declare Guyana a listed area
Royal Navy warship heading to Guyana in show of support for Commonwealth nation
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Red Sea Crisis Could Further Limit Ship Recycling Activity
The rise in freight rates, as a result of the crisis in the Red Sea, is expected to incentivize owners to refrain from selling their older ships for recycling. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “market conditions …
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Coal trade continues to head east
The global coal trade, once concentrated in the Pacific and Atlantic basins, is undergoing a significant transformation, as highlighted in the International Energy Agency’s Coal 2023 report. The changing dynamics of coal consumption, production, …
Coal trade continues to head east Read More »