To the uninitiated, the concept of carbon capture and storage (CCS) can be hard to understand, complex, and remote even though it has been used effectively in the US energy business since the 1970s and in Norway since 1996 at the Sleipner field. Accord…
Accelerated uptake of carbon capture unlocks shipping opportunity Read More »
From time to time Members and clients contact Gard and ask for advice when a ship has been fined for burning non-compliant fuel in a port or waters where special sulphur emission regulations apply. In some cases, ships may have unknowingly burned fuel …
Regional sulphur emission limits at a glance Read More »
Higher fuel costs will translate to a rise in freight rates for Mediterranean-bound cargoes, as a result of the fact that the Mediterranean Sea will become an emissions control area (ECA) from the 1st of May onwards. In its latest weekly report, shipbr…
Mediterranean: Emission Control Area Implementation, Will Lead to Higher Rates Read More »
Drewry expects 66 LNG carriers (LNGCs) to join the fleet this year, while 94 LNGCs are scheduled to be delivered in 2025, inflating the fleet amid easing vessel demand due to limited new capacity addition. LNG shipping is poised for a balanced market, …
LNG shipping battles fleet expansion, but rates to revive from 2026-27 Read More »
Capesize The Capesize market faced a generally soft week with declining rates across the board. The BCI 5TC fell every day besides Friday, which closed at $23,509, a significant drop from Monday’s $26,213. The Pacific market saw reduced miner activity,…
Dry Bulk Market: Capesize Rates Lower Last Week Read More »