Year: 2023
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News
Xeneta: A turning point for the ocean freight industry? Data reveals first rise in long-term ocean freight rates in a year
After a full year of seemingly freefalling ocean freight rates, the latest market data from Oslo’s Xeneta suggests the industry…
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Decarbonization
Airbus and LDA to install new fuel-saving sails for maritime operations
Louis Dreyfus Armateurs will equip one of the vessels it uses to transport aircraft subassemblies for Airbus, with a wind-assisted…
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Decarbonization
WinGD wins first approval in principle for ammonia two-stroke engine
Lloyd’s Register approval in principle will support shipowner confidence on vessel designs using ammonia-fuelled main engines. Swiss marine power company…
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Decarbonization
Car Carriers Add Methanol GenSets
China Merchants Heavy Industry (CMHI) has ordered six small-bore, seven-cylinder 21/31DF-M, methanol-burning GenSets in connection with the construction of 2…
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Decarbonization
ABS and AL Group to Study Ultramax Bulker Methanol Fuel Conversion
ABS and Asiatic Lloyd Maritime LLP, member of the AL Group, have signed a joint development project (JDP) to study…
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News
Riviera – News Content Hub
The commercial wind-powered vessels of a hundred years ago required experienced sailors who could read the wavetops and set the…
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News
Hanwha Ocean and BV Complete joint project on 3D Model Based Classification Approval
Paris La Défense, France – 28 September 2023 – Bureau Veritas, a world leader in testing, inspection and certification, and…
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News
Shipping Market’s Prospects Look Rosier Despite Challenges
Despite the challenging environment, under which the shipping industry must operate today, prospects for tankers and to a lesser degree…
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Decarbonization
Bold global action needed to decarbonize shipping and ensure a just transition: UNCTAD report
The Review of Maritime Transport 2023 urges swift action and system-wide collaboration to decarbonize maritime transport amid growing carbon emissions…
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News
Βrazilian iron ore export volumes increased in August, leading to a boost in Capesize tonne days
Throughout the last week of September, freight rates maintaining the strength observed in previous days. It appears that the third…
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