LNG values have continued to strengthen, spurred by skyrocketing earnings that have surpassed last year’s record breaking peaks. In November, LNG rates peaked at a record high of 466,524 USD/Day from the Baltic Exchange BLNG1g assessment, pushing up LN…
An Overview of the LNG Market Read More »
How the maritime industry is tackling the issue of becoming greener, two industry experts offer their insights on alternative fuels and decarbonisation in shipping. Decarbonisation is fast approaching. All industries are having to adapt and maritime is…
The ‘fourth propulsion revolution’ and preparing for a green maritime industry Read More »
Shipyards across Europe, Med and the Black Sea are expected to be fully booked during 2023, as a multitude of projects, many of which will be environmental retrofits, are expected to take place. In its latest weekly report, shipbroker Intermodal said t…
“Green” Retrofits to Dominate the Ship Repair Market of 2023 Read More »
Momentum has built towards an ambitious revision of the GHG reduction strategy as two weeks of IMO negotiations conclude. The thirteenth Intersessional Working Group on Greenhouse Gases (ISWG 13) and seventy ninth session of the Marine Environment Prot…
The 79th session of the IMO’s Marine Environment Protection Committee (MEPC 79) was held from 12 to 16 December 2022. Highlights include the adoption of a Sulphur Emission Control Area (SECA) in the Mediterranean Sea from 1 July 2025 as well as further…
IMO Update: Marine Environment Protection Committee – MEPC 79 Read More »