Shipping

Frontline reluctant to order tankers due to ship price

Norway’s Frontline is reluctant to order large-sized tankers any time soon due to skyrocketing ship price. According to industry sources and TradeWinds, Chief executive Lars Barstad said that yard prices are too high for time c..

News > Shipping > 2023-06-07 09:12:12

China makes progress in methanol bunkering research  

China Shipbuilding Hengyu Energy (Shanghai), a subsidiary of China State Shipbuilding Corporation (CSSC) has recently announced that the company was awarded an Approval in Principle (AiP) certificate by the China Classification Society ..

News > Shipping > 2023-06-02 09:09:09

Shipping industry gives eye to Suezmax tanker

Demand for Suezmax tankers has been rapidly increasing. According to the UK-based ship broker Simpson Spence Young (SSY), industry experts seethat the volume of new Suexmax tankers seems to have been ordered to replace the demand for..

News > Shipping > 2023-05-31 09:01:01

Neste to fuel tankers with lower-emission fuel

Neste Marine announced on May 30 that two tankers transporting Neste’s renewable diesel from Finland to Sweden will be fueled with lower-emission marine fuel, namely Neste Marine™ 0.1 Co-processed. “We are committed..

News > Shipping > 2023-05-31 08:58:19

Industry seeks LNG bunkering shortage solutions

As the concerns regarding the LNG fuel supply infrastructure shortage grow, various resolutions such as enhancing the efficiency of the LNG Bunkering Vessel (LNGBV) fleet or adopting methanol are being proposed. According to industry..

News > Shipping > 2023-05-30 09:07:07

Xiamen ITG to acquire eight vessels

China's Xiamen ITG Group plans to expand its fleet by acquiring two Kamsarmax bulk carriers and six bunker tankers. In a recent regulatory filing, Xiamen ITG disclosed plans to spend CNY 1.07bn to procure the eight vessels. Fi..

News > Shipping > 2023-05-25 09:13:13

Borealis & IINO Lines sign charter contract for VLGC

Borealis, one of the world’s leading providers of advanced and sustainable polyolefins solutions, announced on May 23 that the companyand IINO Kaiun Kaisha (IINO Lines), a global leader in maritime transportation headquartered in ..

News > Shipping > 2023-05-25 09:04:04

Clean ammonia bulkers soon to be commercialized

The study to help clean ammonia-fueled bulkers' commercialization has been started recently. The aim of the study is to deploy ammonia-fueled vessels to the West Australia-East Asia iron ore corridor by 2028 and further realize a..

News > Shipping > 2023-05-23 09:08:08

MSC's orderbook reaches highest level

Switzerland-based shipping giant Mediterranean Shipping Company (MSC) has the largest orderbook in the container shipping industry. According to Alphaliner, MSC reportedly has 130 containerships in its orderbook, including ten 11,400..

News > Shipping > 2023-05-22 09:11:50

MOL charters methanol carrier to Mitsubishi Gas Chemical 

Mitsui O.S.K. Lines (MOL) on announced on May 19 the signing of basic agreement with Mitsubishi Gas Chemical Company on April 28 for the long-term charter of a methanol carrier, which can run on either methanol or conventional heavy fue..

News > Shipping > 2023-05-22 09:10:37