With over 194 states (representing 97% of global greenhouse gas emissions) having ratified or acceded to the Paris Agreement and an ever increasing number of countries and entities making net zero their 2050 target, anyone not preparing for significant…
Do carbon credits have a place in shipping’s future? Read More »
The container ship segment has exploded over the past couple of months and along with it, so has demand for container carriers. According to Intermodal’s latest weekly report, “in its latest Global Economic Prospects report, the world bank recorded the…
Container Ships In High Demand as Rates Skyrocket Read More »
The “Ship Carbon Recycling Working Group(WG)” of Japan’s Carbon Capture & Reuse (CCR) Study Group has confirmed that carbon recycled methane produced by methanation technology (Note 1) can be recognized as zero emission ship fuel. A technical…
Carbon Recycled Methane Can Be Recognized As Zero Emission Ship Fuel Read More »
BIMCO has published a new charter party clause to help tackle potential abuse by sanctions busters of the Automatic Identification System (AIS) which is mandatory for all ships to use under regulations for the Safety of Life at Sea (SOLAS). One way of …
New BIMCO clause clarifies contractual position on AIS switch-off Read More »
VLCCs of lower spec have endured the worst spot market of the past two decades, during the first half of 2021. In its latest weekly report, shipbroker Gibson said that “VLCC spot earnings averaged just $500/day on the benchmark TD3C trade during the 1s…
VLCC Spot Market Posts Lowest First Half Earnings in Two Decades Read More »