On June 19, the world’s first ship-to-ship liquified carbon dioxide (LCO₂) transfer was successfully completed at the Yangshan Deep-Water Port in Hangzhou Bay, Shanghai.The project was led by Shanghai Qiyao Environmental Technology (SMDERI-QET)…
World’s First Ship-to-Ship LCO₂ Transfer Completed in Shanghai Read More »
The newbuilding market has kept on showing added momentum as more Greek owners were reportedly active last week. In its latest weekly report, shipbroker Banchero Costa said that “in the dry sector, Greek based company Dynacom exercised the option for 6…
Greek Owners More Active in the Newbuilding Market Read More »
Since the 1st of January 2025, shipowners have faced new, strict restrictions on greenhouse gas (GHG) intensity levels when calling in EU ports. Unlike previous regulations, FuelEU Maritime is enforced by hefty penalties for non-compliance, driving act…
Flettner rotors, green fuels and pools: The path forward for FuelEU Maritime compliance Read More »
“As the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (Hong Kong Convention) enters into force we have updated our estimate for the ship recycling potential over the next 10 years. We now estimate the pote…
Ship recycling could double to 16,000 ships over the next 10 years Read More »
U.S. Representative Dusty Johnson (R-S.D.) introduced legislation to reauthorize the Federal Maritime Commission (FMC), the independent federal agency responsible for regulating the U.S. international ocean transportation system.“Ocean shipping is a cr…
US Legislation Introduced to Reauthorize Federal Maritime Commission Read More »