A first-of-its-kind hybrid-electric tanker is due to arrive to the Port of Gothenburg, where it will emit no greenhouse gases or carbon particulates during port operations.Swedish tanker operator Terntank's Tern Island is equipped with new electric power supply hybrid system…
Spot market earnings for VLCCs will average $2,500/day in 2022 on a non-eco, no scrubber basis (US $11,000/day for ECO-designs, without scrubbers), while the peak year for VLCC spot market earnings have been pushed out to 2025, amid substantial supply-side support…
Nakilat took delivery of a newbuild LNG carrier, “Global Sealine”, which will be commercially and technically managed in-house by Nakilat Shipping Qatar Limited (NSQL). Built by Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea…
Wilhelmsen Ship Management signed a deal to acquire a majority stake in Hamburg-based Ahrenkiel Tankers, resulting in Wilhelmsen Ship Management taking over the management of five tankers and gaining 80% ownership of Ahrenkiel Tankers. The remaining 20% is held by existing owners MPC Capital Group…
Ocean freight costs are likely to remain high in 2022 as investors and regulators scramble to accelerate decarbonization of the shipping industry and companies grapple with green financing, sources say.Shipping, which transports about 90% of…
Egypt's Suez Canal will reduce rebates on canal tolls for liquefied natural gas carriers from Jan. 1 till June 30, the canal authority said in a circular published on its website on Tuesday.The rebates to LNG tankers operating between the American Gulf…
Vopak Moda Houston, LLC announced that its marine terminal in the Port of Houston is fully operational. Formed in 2016, Vopak Moda Houston is a joint venture between Royal Vopak and Moda Midstream. Located in Houston’s refining and petrochemical corridor and in close proximity to multiple ammonia…
BIMCO has appointed Niels Rasmussen as its Chief Shipping Analyst who will take up his new role on January 3,2022.Most recently Rasmussen was Global Head of Research at Maersk Broker, a role he held for six years focusing on the main shipping segments…
Stolt Tankers announced on Friday that is has appointed Maren Schroeder as Managing Director, Stolt Tankers Shipowning (STSO), with effect from April 1, 2022. Schroeder joined Stolt Tankers in 2019 as Fleet Director and will succeed Mark Martecchini who is retiring in April 2022…
Global Energy Storage, a new company that aims to store products such as hydrogen and biofuels, said on Thursday it is buying assets in Rotterdam from commodities firm Gunvor Group and will redevelop 20 hectares (49 acres) of land in the port for its operations…
Environmental activists who shut the largest U.S. energy export port for a day to protest climate change agreed to pay police, fire and court costs to settle state criminal charges, officials said on Friday.Greenpeace members halted shipping…
Freight volumes in the port of Rotterdam increased 15% on a yearly basis in the third quarter as international trade continued to recover from its COVID-19 slump, Europe's largest sea port said on Tuesday.Trade flows to and from Rotterdam have…
Greek shipping company the Angelicoussis Group announced it has appointed Sveinung J. S. Støhle in the new role of deputy CEO.Støhle, who is stepping down as president and CEO of Höegh LNG on November 1, has more than 25 years’ experience in…
Dozens of Greenpeace activists in Rotterdam port used a ship, buoys and a small flotilla of kayaks on Monday to block traffic around Shell’s Pernis refinery, Europe’s largest, as part of a campaign seeking a ban on fossil fuel advertising.Police…
The Louisiana Offshore Oil Port (LOOP), the largest U.S. privately owned deepwater crude terminal, said on Friday it made no deliveries of sour crude from storage last month, following two storms that hit the U.S. Gulf Coast.The facility closed on August 28 ahead of Hurricane Ida…
