News
GE Shipping offloads tanker pair after adding more vessels to fleet | Tankers
39+ min ago (179+ words) The Great Eastern Shipping Company Limited (GE Shipping) had agreed to sell two medium range tankers to unaffiliated third parties. GE Shipping said it had agreed on April 6 to sell its 2007-built MR tanker Jag Prakash of about 47, 848-dwt, to…...
Global Ship Order Book Hits 17-Year High as Tanker Orders Surge
10+ hour, 22+ min ago (566+ words) The global shipping order book has climbed to its highest level in nearly two decades, as a wave of tanker contracting and sustained newbuilding demand across the 2020s continues to reshape fleet dynamics, according to new analysis from'BIMCO. BIMCO's analysis shows…...
Ammonia-powered vessel signals major shift in clean shipping tech
2+ hour, 51+ min ago (535+ words) New ammonia-powered vessel runs without oil, offering a scalable path to zero-carbon shipping for global trade. HD Hyundai Heavy Industries has unveiled what it calls the world's first ammonia-powered vessel, marking a major step toward zero-carbon shipping. The company announced…...
While the Strait of Hormuz remains closed and many ships are avoiding the Suez Canal, the Panama Canal is experiencing a dramatic surge in traffic, with up to 38 transits per day; however, there is one detail that could complicate matters once again
5+ hour, 26+ min ago (1356+ words) Home - Mobility - While the Strait of Hormuz remains closed and many ships are avoiding the Suez Canal, the Panama Canal is experiencing a dramatic surge in traffic, with up to 38 transits per day; however, there is one detail that could…...
Despite a tenuous ceasefire, ships still aren't going through the Strait of Hormuz | CNN Business
5+ hour, 10+ min ago (733+ words) A fragile ceasefire that's mostly quieted the skies over the Middle East isn't giving shippers the nerve to brave the narrow waterway that holds the key to 20% of the world's oil supply. The Strait of Hormuz may be officially re-opening…...
Kandla Port pioneers methanol bunkering in step toward green shipping
9+ hour, 53+ min ago (252+ words) New Delhi, April 9 In a significant move toward decarbonising the maritime sector, Deendayal Port Authority (Kandla Port) has advanced its methanol bunkering capabilities, positioning itself as a key player in India's energy transition efforts and global green shipping corridors, according…...
Ocean rates rise as Hormuz makes fuel top concern
11+ hour, 18+ min ago (595+ words) Ocean shipping operations remain stable across the global market, with rising fuel costs and availability the main factors impacting other lanes, an analyst says. "We are approaching six weeks since Iran closed the Strait of Hormuz, and only a few…...
Nordic American Tankers CEO on Strait of Hormuz closure: 'We should be fine in a few weeks"
3+ hour, 45+ min ago (321+ words) Nordic American Tankers CEO on Strait of Hormuz closure: 'We should be fine in a few weeks'CNBC Nordic American Tankers CEO on Strait of Hormuz closure: "We should be fine in a few weeks" Notice of Right to Opt-Out of…...
Hormuz at near standstill as Iran warns ships to keep to its waters
11+ hour, 24+ min ago (173+ words) Iran's Revolutionary Guard Corps is directing ships to a new route near Larak Island. This change has caused confusion for shipping firms. Traffic in the Strait of Hormuz is now less than ten percent of normal volumes. Companies await government…...
Kandla Port trials refuelling ships with methanol, boosting green shipping | Today News
9+ hour, 51+ min ago (468+ words) NEW DELHI: Deendayal Port Authority (Kandla Port) has taken a major step towards green shipping by successfully conducting methanol bunkering'refuelling ships with methanol, a cleaner alternative to conventional marine fuels. The trial positions India's ports to play a leading role…...