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SEA-LNG backs Europe’s goal-based, technology-neutral regulation for cleaner shipping

01/12/2021

SEA-LNG fully supports the objectives of the European Commission to create a common regulatory framework to address maritime greenhouse gas (GHG) emissions in line with the European Green Deal objectives, while emphasising its preference for new regulations to be set

ESPO Asks For Ambitious And Coherent Legislation On Provision And Use Of Clean Energy Infrastructure For Shipping

01/12/2021

Europe’s ports welcome that the review of the current AFIR proposal is accompanied by provisions in the new FuelEU Maritime Proposal, which requires vessels to use shore-side electricity infrastructure at berth. The alignment of requirements between what ports need to

IMO Strategy On GHG Emissions

30/11/2021

2050 Level of Ambition and Revision of the Initial IMO GHG Strategy

A proposal was received to update the ambition of the IMO’s Initial GHG Strategy to zero GHG emissions by 2050 instead of the current 50% reduction of GHG levels

MAN Energy Solutions Upgrading Four-Stroke Engines for Green Future-Fuels

30/11/2021

In continuously developing the range of services for its portfolio of four-stroke engines, MAN Energy Solutions enables its customers to exploit a multitude of synthetically manufactured, climate-neutral fuels in the operation of ships or power plants. Already today, MAN engines

Tankers: VLCC Tanker Market Slightly Lower This Week

29/11/2021

VLCC

Another slight slippage of the rates was seen this week. For the 280,000mt Middle East Gulf to US Gulf (Cape/Cape routing) trip, rates are maintained at WS21.5 level. However, the rate for 270,000mt Middle East Gulf to China eased almost

Case law: The Eternal Bliss: demurrage is the only remedy available from a voyage charterer for losses arising from fail

29/11/2021

In K Line Pte Limited v Priminds Shipping (HK) Co Limited (The Eternal Bliss) [2021] EWCA Civ 1712, the Court of Appeal has overturned the decision of the Commercial Court and ruled that, unless otherwise provided in the charterparty, demurrage

ENGINE: Americas Bunker Fuel Availability Outlook

27/11/2021
A resupply crunch after a storm has propped up Vancouver’s bunker prices, and US refiners have ramped up fuel production to meet strong demand.

Fuel availability is limited in Vancouver, with only one in two suppliers offering fuels after a

PROW Capital launches Green Shipping Fund to provide asset backed financing to the shipping industry and accelerate the

27/11/2021

PROW Capital is proud to announce the launch of the Green Shipping Fund (GSF), a €420 million debt fund that provides credit to shipowners for investments in new and existing vessels or retrofits that demonstrate measurable emissions reductions. The funding

Wärtsilä launches power limitation solutions for EEXI compliance

27/11/2021

The technology group Wärtsilä has launched a new series of power limitation solutions that enable compliance with the IMO’s Energy Efficiency Existing Ship Index (EEXI) regulation. These latest Wärtsilä innovations mean that the company now has a complete range of

MABUX: Weekly Bunker Prices Trend Lower

26/11/2021

On a Week 47, the MABUX World Bunker Index continued to drift lower. Index 380 HSFO decreased by 6.05 USD: from 501.67 USD / MT to 495.62 USD / MT. The VLSFO index lost 4.52 USD: from 638.10 USD /

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