Daily ship crossings on the Panama Canal, one of the world's main maritime trade routes, will be reduced to 31 from 32 to soften the impact from a severe drought that is expected to last until next year, the authorities managing the canal said.The…
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Thungela Says Coal Terminal Workers’ Strike Not Impacting Exports
Thungela Resources, South Africa's largest shipper of thermal coal burned in power stations, said its shipments of the fuel have not been impacted by a workers' strike at the country's key coal export hub. Workers at Richards Bay Coal Terminal…
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Corvus to Equip First Hydrogen/electric Hybrid Fishing and Training Vessel
Corvus Energy, a company providing zero-emission solutions for the maritime industry, said Monday it had won a contract with Hvide Sande Shipyard in Denmark to supply a complete hydrogen fuel cell system for the training vessel “MS Skulebas.” "This mar...
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Biden Angers All Sides with Scaled Back Offshore Oil Drilling Plan
The Biden administration's plan to slash offshore oil and gas leasing drew fire from both the fossil fuel industry and environmentalists on Friday, with energy companies saying it will raise fuel prices and greens saying it undermines efforts to stop g...
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Higher Capesize Rates Drive Baltic Index Higher
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday, aided by firm capesize rates. The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels…
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Mississippi River Near Historic Lows, Grain Exports at Risk
A key stretch of the lower Mississippi River dropped this week to within inches of its lowest-ever level and is expected to remain near historic lows just as the busiest U.S. grain export season gets underway, according to the National Weather…
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Very Large LPG/Ammonia Carrier Phoenix Harmonia Enters Service
The Phoenix Harmonia, a liquefied petroleum gas (LPG) powered very large LPG/ammonia carrier, has been constructed by Namura Shipbuilding Co., Ltd. and delivered to MOL Energia Pte. Ltd., a Singapore-based company of Mitsui O.S.K. Lines Group…
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IWS Fleet Strikes Deal to Put Off Yard Payments for Offshore Wind Service Vessels
Integrated Wind Solutions' subsidiary, IWS Fleet AS, has agreed with the shipyard China Merchants Industry Holdings to postpone equity yard installments of a total of 36 million euros on IWS Seawalker, IWS Starwalker, IWS Moonwalker, and IWS Sunwalker ...
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Sustainable Shipping: Alma Clean Power, Odfjell, and DNV to Deploy Innovative Solid Oxide Fuel Cell on Chemical Tanker
Alma Clean Power, Odfjell, and DNV have this week announced a new milestone in the development of a solid oxide fuel cell (SOFC) system.The fuel cell system will be installed on a chemical tanker by the end of 2024, aiming to demonstrate the…
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US Plans Sharp Reduction in Offshore Oil and Gas Lease Sales
The Biden administration on Friday unveiled a plan to phase down oil and gas auctions in federal waters with the release of a long-awaited leasing schedule that includes a maximum of three sales in the Gulf of Mexico through 2029.The Interior…
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