Tag: time
Crunch Time for IMO Shipping Measures to Cut Climate Impacts
Ahead of next week’s meeting of the International Maritime Organization’s Intersessional Working Group on Reduction of GHG Emissions from Ships (IMO, IWSG-GHG-16, March 11-15) and the subsequent Marine Environment Protection Committee (MEPC 81, March 18-22), the Clean Shipping Coalition is calling on the IMO to take action in three key areas:Tracking and Measuring Energy Efficiency:…
MOL and Petrobras signed a CTV Time Charter Contract and MoU to Start Negotiations on Newbuilding CTV- Reducing CO2 Emissions and Costs Offloading Crude Oil from Sub-bed Oil Fields
Mitsui O.S.K. Lines, Ltd. announced that its wholly owned subsidiary, SeaLoading Holding AS, which owns and operates cargo transfer vessels (CTVs) , has signed a charter contract for the CTV SeaLoader 2 with Petroleo Brasileiro S.A. (Petrobras), a Brazilian state-owned oil company. The two companies have also decided to enter into negotiations for a new…
MOL Signs Time Charter Contract with Yara, World’s Largest Nitrogen Fertilizer Manufacturer, for Ammonia Carrier
Mitsui O.S.K. Lines, Ltd. announced the signing of a time charter contract for the ammonia carrier Green Pioneer with Yara Clean Ammonia Switzerland SA (YCA Switzerland), a group company of Yara International ASA (Yara; CEO: Svein Tore Holsether, Headquarters: Oslo Norway), the world’s largest nitrogen fertilizer manufacturer. The vessel was delivered on December 25,2023 and…
Odfjell SE is expanding its fleet with six newbuildings through a combination of long-term time charter and pool agreements
This increases the total to twelve 25-40.000 dwt stainless steel vessels to be delivered on long-term time charters and pool agreements between 2024 and 2027. The agreements represent a continuation of Odfjell’s long-term relationships with Japanese shipowners and shipyards and include six vessels. The series of newbuildings will be built at multiple shipyards in Japan…
MOSOLF Group: German-American partnership to manage emissions in real time
MOSOLF Group, one of the leading system service providers for the European automotive industry, and Spectaire Inc., which is headquartered near Boston in the US state of Massachusetts, are set to work together on solutions for measuring drive emissions in real-time operations. Emissions need to be measured directly with the help of processes such as…
MOL Drybulk, Kambara Kisen Sign Basic Agreement on Time Charter for Newbuilding Methanol Dual Fuel Bulk Carrier- Moving Steadily toward KPI: ’90 LNG/Methanol-fueled Vessels’ by 2030
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that on September 11, 2023, its group company MOL Drybulk Ltd. (President and Representative Director: Kazuhiko Kikuchi, Headquarters: Minato-ku, Tokyo) and Kambara Kisen Co., Ltd. (President and Representative Director: Hirotatsu Kambara; Headquarters: Fukuyama-shi, Hiroshima Prefecture) signed a basic agreement on time charter for…
Spot market meltdown, as Transatlantic container shipping spot rates hit all-time low. A time to act for the shippers
Shippers on the trade are taking full advantage of this new reality, regaining the upper hand after the 2021-2022 pandemic period delivered dramatically high freight rates. Xeneta’s real-time data, crowd-sourced from leading global shippers shows the strongest are now paying less than USD 475 per FEU for spot business, which Sands point out is an…
