Innovation Fund Denmark, the Danish investment entity, has announced the establishment of a consortium to develop a two-stroke, ammonia-fuelled engine for maritime shipping. It aims to specify and demonstrate an entire, marine-propulsion system that will pave the way for the

The vessels visiting Turkish Ports, according to Customs Directive, items as such bunker, oil, cigarettes, alcohols in the vessel have to be declared to Customs Directorate. Based on our experiences we have had recently, when the missing or the excess

Digital Container Shipping Association (DCSA), a neutral, non-profit group established to further digitalisation of container shipping technology standards, in conjunction with its nine member carriers, today published standard data definitions for the port call process. This is the first publication

Texas-based Pilot LNG, LLC (Pilot) has laid the foundation for a partnership with GAC Bunker Fuels (GAC) for the supply of Liquefied Natural Gas (LNG) as a marine fuel from its proposed Galveston LNG Bunker Port terminal project, which will

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has been granted a new approval in principle (AIP) *1 by Bureau Veritas (BV), a world leader in testing, inspection, and certification. The approval is for a liquefied

The Organisation of Petroleum Exporting Countries (OPEC) finally recognizing that global oil consumption will not continue growing forever is part of a growing chorus of gloom about the long-term outlook for oil, says GlobalData’s MEED.

Indrajit Sen, Oil & Gas Editor

VLCC

A slight improvement was seen this week on certain routes in this sector. A voyage of 280,000mt to USG via the Cape/Cape routing remains assessed at a shade above WS17. However, 270,000mt to China now stands at just shy of

So far, product markets in 2020 have suffered tremendously due to the demand contraction triggered by the COVID-19 pandemic. Lockdown measures have drastically reduced fuel consumption, particularly for jet fuel, as the air transportation sector was hit hardest. In response,

Lloyd’s Register [LR] is aware that there have been calls for greater regional regulation of the global shipping industry at this year’s virtual Global Maritime Forum [GMF] event.

While the adoption of augmented reality (AR) in the oil and gas (O&G) industry is in the introductory phase, this evolving technology has the potential to disrupt the traditional operational functions in the sector over the next three to five