Shelves more profitable than ships for Robert Kuok’s Maybulk
Shipowner has no plans to rebuild its bulker fleet as it prefers to diversify into other areas
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August 2024
Fugro Pioneer’s Conversion to Methanol Fuel Underway
Fugro has completed the primary phase in its first vessel conversion to green methanol fuel.The Fugro Pioneer is ready to be equipped with methanol engines after successfully converting the main components on board.The now-completed vessel adjustments…
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Austal USA Pleads Guilty to Fraud Scheme
Austal USA LLC has pled guilty and has agreed to pay $24 million to resolve an investigation by the U.S. Justice Department related to an accounting fraud scheme and efforts to obstruct the Defense Contract Audit Agency (DCAA) during a financial…
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AiP Granted for Ammonia Release Mitigation System
Azane Fuel Solutions has received Approval in Principle (AiP) from DNV for its Ammonia Release Mitigation System (ARMS).The approval comes as Azane Fuel Solutions continue to develop technologies to safely handle ammonia as a fuel on board ships…
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Environmental groups take European Commission to court over green labelling of LNG-fuelled ships
Lobby groups argue that taxonomy definitions are leading investors to back polluting vessels