The sulfur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the center stage in the shipping industry at outset of the new decade. Four months on, the spotlights have turned to the coronavirus and the OPEC+ oil price war.The outlook for global economic growth remains bleak as the world is faced with the largest recession since the Great Depression in the 1930s…
NYK will install a variable compression ratio system (VCR system) on two large LNG-fueled coal carriers to be built at Oshima Shipbuilding. The vessels are scheduled to be delivered by the end of 2025, and NYK reports this will be the first time for VCR systems to be installed on vessels…
The International Renewable Energy Agency (IRENA) highlighted the importance of reducing shipping emissions and following the path towards a carbon-zero industry, in line with International Maritime Organization (IMO)’s sustainability targets…
Denmark-based GreenSteam, a majority owned company of BP, has acquired BMT’s data collection and performance optimisation subsidiary UK-based firm SMART. The marine efficiency software solutions provider is reputable in leveraging Machine Learning…
The American/British-owned German cruise line AIDA Cruises announced that it is planning the first practical trial of fuel cells (battery power) aboard an AIDA ship by 2021.The trial will take place in cooperation with Meyer Werft within the…
Johnalan Brill joins Fueltrax as of June 2019 as Director of Data Analytics.In his role Brill will leverage operational data from Fueltrax global fleet and provide expert analysis to determine best practices and operational efficiencies to clients…
