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Climate Funding Granted For Shore Power Connection

Furetank has been granted state and EU climate investment support for installing shore power connection on a tanker currently in production. The funding will be provided by Klimatklivet, an initiative by the The Swedish Environmental Protection Agency and NextGenera-tionEU. It supports local climate investments that reduce greenhouse gas emissions and contribute the greatest possible climate bene-fit. High voltage supports cargo pumps The vessel in question is currently being built at the shipyard in China. When delivered in Q1 2024 it will become number nine in the VINGA vessel series designed ...

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Bidding Announcement of Multipurpose Ship “AN JI 15”

Entrusted by the transferor (the Sellers), we have scheduled to hold a public bidding online (www.shipbid.net) from 10:00 to 10:30 (Beijing Time) on December 08th, 2022. 1. Bidding Object: MV “AN JI 15”, Multipurpose Ship; Class: ZC; PoR: Nanning, China; LOA/Breadth/Depth: 98.00m/15.80m/7.40m; GT/NT: 2994/1676; DWCC: 5000t(265Teu) @ 5.90m Draft; Light Displacement: 1485.14t; M/E: 1 set 8320ZCd-6, [email protected]; Built: July 26th, 2005 at Zhejiang Dongfang Shipbuilding Co., Ltd.; Next SS/DD: February 28th, 2027/ February 28th, 2024. Note: The subject Vessel, surveyed by OMCS Class, has been under Bareboat C/P under Panama ...

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Baltic index hits 1-week peak as vessel rates gain

The Baltic Exchange’s dry bulk sea freight index touched a one-week high on Thursday, propelled by stronger demand across vessels segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, added 58 points, or about 4.9%, to 1,242. The capesize index jumped 165 points, or 13.5%, to 1,384, its highest since Nov. 14. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of coal and steel-making ingredient iron ore, increased $1,373 to $11,479. Dalian iron ore futures snapped a three-session ...

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Digital Headway On Decarbonisation

Digital solutions that offer progress on decarbonisation are now “amongst the most prolific and persistent requirements” for Maersk Supply Service, according to Kasper Thiesen, Head of IT, as the offshore support vessel operator and solutions provider drives towards achieving net zero emissions by 2040. His sentiment reflects the contents of the Inmarsat-Thetius Research Programme report The Optimal Route – The Why and How of Digital Decarbonisation in Shipping (https://www.inmarsat.com/en/insights/maritime/2022/optimal-route.html), published in 2022. In his foreword to the report, Inmarsat Maritime President, Ben Palmer, commented: “Maritime decarbonisation will rely on […] ...

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Two weeks before ban, EU still imports 15% of crude oil from Russia

On 8 June 2022, the European Union (EU) decided to impose a ban on seaborne imports of Russian crude oil and oil products. The ban on crude oil will take effect on 5 December and by then the EU must have found new suppliers and Russia must find new buyers. At the start of this year, Russia exported 11 million tonnes crude oil by ship to the EU each month. It equalled 60% of all Russian seaborne crude oil exports and 30% of the EU’s seaborne crude oil imports. In ...

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PetroChina completes first STS bunkering of LNG-powered ship in Shenzhen

PetroChina completed its first ship-to-ship bunkering of an LNG-powered container ship at the Shenzhen Yantian Port on Nov. 22, marking the start of offshore LNG STS bunkering business in the Guangdong-Hong Kong-Macao Greater Bay Area, South China, it said on its official website Nov. 24 The move is expected to play a vital role for PetroChina to expand its offshore LNG STS bunkering business in the country and contribute to the development of green shipping, it added. The bunkering operation lasted for about six hours while a total of around ...

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Shanghai International Shipping Center enters new stage of comprehensive development

Shanghai International Shipping Center has entered a new stage of comprehensive development featuring green transformation, digital intelligence and strong resilience, according to participants of the 2022 North Bund Forum. Held in Shanghai from November 22 to 24, the forum attracted representatives from leading shipping and aviation enterprises and international organizations, as well as well-known experts, to discuss the sustainable development for the international shipping industry. Shanghai Port, ranking first worldwide in container throughput for 12 consecutive years, is staging green transformation and becoming an increasingly clean, energy-saving and efficient modern ...

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MABUX: Bunker Prices May Continue Trending Lower Next Week

Over the Week 47, MABUX global bunker indices demonstrated a firm downward trend. The 380 HSFO index fell by 17.52 USD: from 522.11 USD/MT last week to 504.59 USD/MT, coming close to the psychological mark of 500 USD. The VLSFO index, in turn, fell by 39.57 USD (722.45 USD/MT versus 762.02 USD/MT last week). The MGO index also lost 41.16 USD (from 1129.54 USD/MT last week to 1088.38 USD/MT), breaking through 1100 USD mark for the first time since October 03. Global Scrubber Spread (SS) – the price differential between ...

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ENGINE: Americas Bunker Fuel Availability Outlook

North America VLSFO and LSMGO availability is normal for prompt dates in the Houston area and off the US Gulf Coast. But HSFO deliveries can be trickier to secure in Houston. The earliest delivery dates with two suppliers in Houston stretch out to the beginning of next month, sources say. Some sources argue that VLSFO and LSMGO availability in Houston may also tighten over the coming days amid a spike in demand. Houston has been offering VLSFO and LSMGO at competitive levels to regional ports and some other global bunker ...

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Proman Stena Bulk officially names new methanol-fuelled tanker Stena Pro Patria

Proman Stena Bulk Ltd formally named its first state-of-the-art newbuild IMOIIMeMAX methanol-fuelled 49,900 DWT vessel, Stena Pro Patria, in a ceremony hosted in Trinidad and Tobago on 23rd November 2022. Stena Pro Patria is the first of three methanol-fuelled vessels delivered in 2022 to the joint venture between leading tanker company Stena Bulk and the leading methanol producer Proman, with a further three newbuilds due for delivery between now and 2024. First methanol-fuelled newbuild naming ceremony in T&T The naming ceremony was the first for a methanol-fuelled newbuild in Trinidad ...

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Nor-Shipping 2023 sets sights on the future with Next Generation Ship Award

Nor-Shipping has announced that its prestigious Next Generation Ship Award is now open for entries, with Remi Eriksen, Group President and CEO, DNV confirmed as Award President. The initiative, which will celebrate its tenth year at Nor-Shipping 2023, has become an industry fixture, shining the light on a full spectrum of newbuilds, retrofits and conversions that challenge convention and set new standards for smart, sustainable maritime operations. Showcasing tomorrow “The Next Generation Ship Award is always a Nor-Shipping highlight,” comments Per Martin Tanggaard, Nor-Shipping Director External Relations. “It’s special because ...

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ABB shaft generator systems to support ten COSCO Shipping container vessels with energy efficiency

Improved energy efficiency supports COSCO Shipping’s decarbonization ambitions and compliance with forthcoming EEXI and CII regulations ABB has secured a breakthrough contract with the shipyard COSCO Shipping Heavy Industry (Yangzhou) Co. Ltd., to equip 10 China COSCO Shipping Corporation Limited container vessels with its permanent magnet shaft generator systems. The deal reaffims the growing appeal of the systems as a market-ready route to greater ship efficiency. Due for delivery by the end of 2025, the order comprises systems for six 14000TEU vessels and four 16000TEU vessels. The International Maritime Organization ...

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StormGeo Gives a ‘Green Gift’ to Shipping Companies in Celebration of its 25th Anniversary

StormGeo, a leading provider of weather intelligence and decision-support solutions for the shipping industry and part of Alfa Laval, celebrates its 25th anniversary by giving away its new Carbon Footprint Dashboard as a ‘green gift’ to customers of the s-Insight fleet performance management solution. “Decarbonization is a top priority for StormGeo, and we want to help as many companies as possible reduce fuel consumption and cut greenhouse gas emissions,” said Espen Martinsen, VP Sales Shipping at StormGeo. “Our new Carbon Footprint Dashboard helps shipping companies focus on the decarbonization metrics ...

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ZIM Updates on Withholding Tax Procedures on December 2022 Cash Dividend

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, hereby updates that in connection with the dividend distribution expected to take place on December 7, 2022, as previously announced by the Company on November 16, 2022 (the “Dividend”), and in accordance with its previously obtained tax ruling (the “Ruling”) from the Israeli Tax Authority (“ITA”), certain shareholders of the Company (“Shareholders”) may be eligible to a reduced Israeli withholding tax rate with respect to their share of this Dividend, in comparison to the generally applicable withholding ...

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CSL’s MV Nukumi Named Bulk Ship of the Year 2022

Canada Steamship Lines (“CSL”), a division of The CSL Group, is pleased to announce that its latest newbuild self-unloading vessel, MV Nukumi, was named Bulk Ship of the Year 2022 last Monday evening at the prestigious International Bulk Journal (“IBJ”) Awards in Rotterdam, Netherlands. Presented to the year’s most outstanding bulk ship or newly built vessel, the award recognizes the many innovations built into the design of MV Nukumi to enhance safety, efficiency and performance, and to reduce the vessel’s overall environmental footprint. “I am honoured to accept this award ...

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