LNG shipping market is near bottom
It look like the global LNG shipping market has hit the bottom. The daily charter rates of LNG carrier has recently decreased to a $40,000 level, after reaching $85,000 last January. Regarding this, Fearnley Securities noted the global LNG shi...
Intercargo releaseed bulker incident analysis
INTERCARGO’s latest Bulk Carrier Casualty Report, which provides an analysis of bulk carrier total losses between 2008 to 2017 (see https://www.intercargo.org/bulk-carrier-casualty-report-2017/), has been submitted to the International Mariti...
Rolls-Royce/AXA join forces for safer autonomous ship
Rolls-Royce and AXA Corporate Solutions have signed a Letter of Intent (LOI) to explore ways in which they can combine their respective products, to bring a new offering to the marine market, utilising Rolls-Royce Ship Intelligence systems and eq...
ITF questions future of LNG fuel
The International Transport Forum (ITF) at the OECD has questioned if using LNG as ship fuel is such a good idea. The ITF's recent report reads, "When shipbuilding cost difference plays more important part than fuel cost difference, shipowners...
Fluxys aiming CO2 capture
The climate target of getting Belgian CO2 emissions 35% lower by 2030 is a formidable challenge. In this context Antwerp Port Authority and gas infrastructure operator Fluxys believe strongly that carbon capture, storage and reuse by industry is ...
OOCL recognized for outstanding green leadership
OOCL have received the 2017 Hong Kong Awards for Environmental Excellence (HKAEE) Gold Award in the Transport and Logistics Sector category at a ceremony held at the Hong Kong Convention and Exhibition Centre on 4 May, 2018. Recognized by t...
Japan Establish LNG Bunkering JV
Kawasaki Kisen Kaisha, Ltd. (Head office: Chiyoda-ku, Tokyo; President & CEO: Eizo Murakami; hereinafter “K” Line), Chubu Electric Power Co., Inc. (Head office: Higashi-ku, Nagoya; President & Director: Satoru Katsuno; hereinafter Chu...
APL Further Reduces Fleet Carbon Emissions in 2017
APL announced on May 10 a 50.7% reduction in carbon dioxide emissions per transported container per kilometer in 2017, compared to its base level in 2009. This achievement marks APL’s eighth consecutive year of improved environmental performanc...
MOL-KHI to develops intelligent steering tech
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Junichiro Ikeda) recently announced that it has reached an agreement with Kawasaki Heavy Industries, Ltd. (KHI; President: Yoshinori Kanehana; headquarters: Minato-ku, Tokyo) on the joint devel...
"LNG is riding low-sulfur risks"
An analyst predicted that LNG marine fuel will emerge as a persuasive alternative to the use of low-sulphur fuel oil has many risk factors. Park Moo-Hyun, a researcher at Korea's Hana Financial Investment said on his May 9 report that “there...
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