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New Norwegian consortium sets sights on developing complete hydrogen value chain for maritime sector


The multidisciplinary collaboration, for which a Memorandum of Understanding (MOU) was signed last week, has the ambitious goal to develop a complete hydrogen value chain for Northern Xplorer AS (NX) first zero-emission cruise ship featuring fuel cells and electric propulsion,

Drewry: Global Port Throughput Index Up By 0.8% in December, But 1.6% Lower Year-on-Year


The Drewry Container Port Throughput Indices are a series of calendar adjusted volume growth/decline indices based on monthly throughput data for a sample of over 340 ports worldwide, representing over 80% of global volumes. The base point for the indices

Hellenic Decarbonization Committee: A Practical Approach to Decarbonization


The third meeting of the Hellenic Decarbonization Committee (HDC) was held at the end of the year. The committee was set up to give a vital discussion forum to shipowners and other stakeholders on the way forward to meet decarbonization

The CMA CGM Group launches a call for projects worth €200 million to step up the pace of decarbonization of the French s


The CMA CGM Group has launched a call for projects targeted at start-ups and businesses working on concrete solutions to step up the pace of decarbonization within all areas of the French shipping industry. Announced at the Assises de l’Economie

UBS: Oil prices set to rise as Russian ban kicks in, China reopens


But restrictions on Russian oil exports are tightening further, with the European Union ban on refined products coming into force next week. In our view, oil appears to have reached an inflection point. Brent is already up around 13.5% from

Tankers: VLCCs Stable This Past Week



All vessel sizes have been continually pushed down this week in the Middle East Gulf despite activity levels looking better. TC1 has come down 16.25 points to WS110.63 with a vessel widely reported on subs at WS110 at the time

Why cooperation is key to decarbonizing value chains, according to a clean energy expert


“We know we cannot do it ourselves,” Annika Ramsköld, Head of Sustainability at Swedish energy company Vattenfall, told the World Economic Forum in an interview conducted late in 2022.

In the midst of what the International Energy Agency (IEA) terms the

New study assesses role of technologies in tracing the true carbon intensity of sustainable marine fuels


A new report from the LR Maritime Decarbonisation Hub and Safetytech Accelerator highlights the role of technology in enabling the shipping industry to develop specific mechanisms to track, verify and assure the true carbon intensity of sustainable marine fuels.

Shipping’s decarbonisation

MOL is the First Japanese Company to Join First Movers Coalition’s Shipping Sector- Toward the Decarbonization of the Oc


Mitsui O.S.K. Lines, Ltd. announced that it joined the Shipping Sector of the First Movers Coalition (FMC) during the World Economic Forum Annual Meeting which was held from January 16-20, 2023. Ocean shipping companies participating in the sector have committed

MABUX: Bunker Prices Expected to Keep Rising Next Week


Over the Week 04, MABUX global bunker indices continued sustainable upward trend. The 380 HSFO index rose by 9.14 USD: from 481.88 USD/MT last week to 491.02 USD/MT, coming closer again to 500 USD mark. The VLSFO index added 19.98

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