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Corvus Energy expands to meet demand for battery-powered marine vessels

12/07/2018

Canadian-Norwegian energy storage solutions provider Corvus Energy expands battery production facilities in Vancouver, Canada and announces intentions to build a factory in Bergen, Norway.

Richmond, British Columbia, Canada and Bergen, Norway – July 11, 2018 – Corvus Energy is pleased to

MAN to deliver propulsion solution for Power LNG-Fuelled Containerships

11/07/2018

MAN Diesel & Turbo has won the order to provide the propulsion systems for 2 × 2,525-teu containership newbuildings, which will join the fleet of Pasha Hawaii, the U.S. Jones Act carrier in the Hawaii trade lane. Each system will

ClassNK releases Guidelines for Liquefied Gas Carrier Structures – Independent Prismatic Tanks

10/07/2018

Leading Classification Society ClassNK has released its Guidelines for Liquefied Gas Carrier Structures – Independent Prismatic Tanks (Second Edition). The Guidelines specify the technical requirements specifically related to the structural strength assessments of liquefied gas carriers by using direct calculation.

The

VLCC Rates Eased Off Last Week

09/07/2018

VLCC
Despite good volumes of enquiry, rates eased for eastbound 270,000-ton cargoes. The rate for China discharge eased paying WS 50 with South Korea and Japan at WS 47 although later in the week Total fixed at WS 48.5 for

IBIA continues to promote sensible approach to sulphur testing and compliance verification at IMO

09/07/2018

IBIA is continuing its efforts for IMO to adopt guidelines ahead of 2020 that will promote a uniform approach to fuel oil testing and reporting protocol for the verification of compliance with MARPOL Annex VI sulphur limits.

Earlier this year, IBIA

Japan’s First LNG Bunkering Vessel to Start Operation in 2020

07/07/2018

Central LNG Shipping Japan Corporation (Hereinafter: CLS), a joint venture established by Kawasaki Kisen Kaisha, Ltd., Chubu Electric Power Co., Inc., Toyota Tsusho Corporation, and Nippon Yusen Kabushiki Kaisha, announces that CLS has ordered an LNG Bunkering Vessel (Hereinafter: LBV)

Aegean Marine Petroleum Network Inc. Enters into MOU with Mercuria Energy Group to Complete US$1 Billion Refinancing and

06/07/2018

Aegean Marine Petroleum Network Inc. is pleased to announce that it has entered into a Memorandum of Understanding (“MOU” or the “Agreement”) with Mercuria Energy Group Limited and its affiliates (“Mercuria”), one of the world's largest independent commodities and energy

Rising Bunker Costs Continue to “Eat Into Tanker Earnings” Says Stolt-Nielsen

06/07/2018

Stolt-Nielsen Limited (Oslo Børs: SNI) today reported unaudited results for the second quarter ended May 31, 2018. Net profit attributable to shareholders in the second quarter was $9.5 million, with revenue of $541.0 million, compared with a net profit of

Cat fines causing claims

05/07/2018

The demand for low sulphur fuel oil has steadily increased over the years, concurrent with the changing and more stringent requirements of the International Convention for the Prevention of Pollution from Ships (MARPOL) concerning air pollution.

Low sulphur fuel oils (LSFO)

Continuing Investment In LNG As A Marine Fuel Critical To Meeting Air Quality & GHG Emissions Targets

04/07/2018

SEA\LNG, the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, today reiterated how critical continuing investment in LNG as a marine fuel is to meeting both air quality and greenhouse

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