Corvus Energy on Monday announced it has been awarded funding through the EU's Horizon Europe Framework Program for the integration of ammonia cracker technology with its Pelican Fuel Cell system.The project, titled “APOLO”, is a collaboration…
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Exploring ‘Future Fuels’ – Methanol’s Superstorage Solution
Technical inquiries to SRC Group ramped up after it received Approval in Principle (AIP) for a concept which ‘reinvented methanol fuel storage’ on board ships. Delivering the answers has seen technical talk converting into project discussions…
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Houthis Vow to Keep Up Red Sea Attacks
The chief negotiator for Yemen's Houthis said on Monday the group's stance has not changed since U.S.-led air strikes on its positions, and warned that attacks on ships headed to Israel will continue.U.S. and British warplanes, ships and submarines…
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Inchcape Shipping Services Names Svend Stenberg Mølholt CCO
Port agency and marine services company Inchcape Shipping Services (ISS) announced the appointment of Svend Stenberg Mølholt as Chief Commercial Officer, effective January 9, 2024.Svend has been in the shipping industry for 20 years, most recently serv...
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Frontline Sells Its Five Oldest VLCCs
Frontline announced it has reached a deal to sell its five oldest very large cruse carriers (VLCC) to an undisclosed buyer for an aggregate net sale price of $290 million.The vessels, built in 2009 and 2010, are expected to be delivered to the…
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FMC to Hold Hearing on Red Sea Shipping Conditions
The United States' Federal Maritime Commission (FMC) will examine how conditions in the Red Sea and Gulf of Aden regions are impacting commercial shipping and global supply chains, during an informal public hearing on February 7.The hearing…
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Manson Awarded Floating Dry Dock Mooring Facility Contract at Naval Base San Diego
Seattle based Manson Construction Co. announced it has been selected as the contractor for the P-508 Floating Dry Dock Mooring Facility project.Awarded by Naval Facilities Command Southwest (NAVFAC SW), this $106.9 million project at Naval Base San Die...
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China Media Warns Against Taking China’s Indian Ocean Research as Threats
Chinese state media warned on Friday that a report by a prominent U.S. think tank on the military uses of Chinese scientific research across the Indian Ocean gave "ammunition" to countries bent on concocting threats from China.The report this…
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Saipem Barred from Public Contracts in Brazil for 2 Years
The Brazilian administrative authority has suspended Italy's Saipem and its subsidiary Saipem do Brasil from contracting with the country's public administration for two years, the engineering and construction group said on Friday.The decision stems fr...
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Baltic Dry Index Marks Worst Week Since 2008
The Baltic Exchange's dry bulk sea freight index slid on Friday as its worst week since 2008 came to an end with rates across vessel segments languishing at multi-month lows.The overall index, which factors in rates for capesize, panamax, and supramax ...
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