Tag: shows
Rare Antwerp-Bruges bunker sales release shows it as fourth biggest bunker hub
The Port of Antwerp-Bruges released its bunker sales figures for the first time in years. The port released Antwerp sales data which goes back to 2015, while Zeebrugge sales are from 2016 onwards. The Port of Antwerp-Bruges’ combined sales might have reached their highest ever last year and were at least greater than in any…
Sail-powered cargo ship ‘shows potential of wind’
Retrofitting giant, rigid sails to a cargo ship has effectively cut its fuel use and carbon dioxide (CO2) emissions, shipping firm data shows. The Pyxis Ocean tested the British-designed WindWings for six months.Cargill says the data “underscores the potential” of wind to reduce the shipping industry’s carbon footprint. Experts describe the results as “very encouraging”,…
OceanScore analysis shows near-tripling of EU ETS costs due to Red Sea crisis
Persistent missile attacks by Houthi rebels on ships plying the Red Sea route have led to soaring emissions liabilities for shipping companies under the EU ETS as lengthy voyage diversions for Europe-bound vessels have multiplied fuel consumption, according to OceanScore. An increasing number of commercial ships have been taking the alternative route to Europe via…
Russia: Dark Fleet Shows 8% Growth in Q3
Windward’s Risk Insights report is a quarterly update on all risk at sea, offering an overview of any emerging behavioral trends in developing hubs prone to illicit activity. The report analyzes the behavior of tankers and cargo vessels from the world fleet, and takes a close look at those specifically associated with sanctioned regimes, in…
GHG targets from a multilateral decision-making process come close to science derived targets, new analysis shows
In a rare occurrence in the challenging politics of climate change, the IMO’s Revised GHG Strategy, adopted at MEPC 80 in July, represents a significant leap forward in ambition. New analysis by UMAS shows the IMO’s targets correspond to a path between 1.55oC and 1.6oC according to the GHG budget defined by the IPCC. The…
Dry Bulk Market: Capesize Market shows resilience as the week ended
Capesize The week started with the usual slow pace on Monday, but it quickly picked up momentum. In the Pacific, the underlying sentiment remained positive, with two out of the three major players actively participating from West Australia to China. Rates on C5 showed improvement, rising by approximately 15 cents at the beginning of the…
