MOL PLUS intends to invest in deep tech through the “Global Fund 2” managed by UntroD Capital Asia.Deep tech is technology solutions based on substantial scientific or engineering challenges.Global Fund 2 aims to solve social issues by investing in dee...
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MSC Container Ship Sets Panama Canal Record
The MSC Marie transited through the Panama Canal on August 30, setting a new record for the largest-capacity container ship to sail the route.The 366-meter (1,200 feet) Neopanamax ship has a width of 51 meters (167.4 feet) and a maximum capacity of 17…
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MSI: Iron Ore Market is Flashing Warning Signs
In its August HORIZON Dry Bulk month report, Maritime Strategies International states that against potential optimism from lower interest rates to come, price action in the iron ore market has been flashing warning signs. Prices have dropped…
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Ship Recycling: Vessel Offerings Have Declined
Action in the Middle East, including a repeat Houthi attack on container vessel Groton in the Red Sea, has increased volatility in the region, and the already slim pickings of tonnage for recycling only got worse through August, reports cash…
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ABS Opens Office in World’s Largest Iron Ore Export Town
ABS is expanding its footprint in Western Australia, establishing a physical presence in Port Hedland, a key trading zone for dry bulk minerals in the Eastern Hemisphere. The new site joins other ABS locations in Perth, Cairns, Brisbane, Sydney and Mel...
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Study: Compressed Hydrogen Beats Ammonia on Capital and Energy Efficiency
Provaris Energy has completed a study for bulk-scale hydrogen export and import compression facilities that it says confirms the viability the low energy use and low capital of Provaris’ compressed hydrogen supply chain for regional marine transport of...
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Esgian Week 35 Report: Petronas Plans Return to Mexico
Esgian provides an update on plans for Petronas to return to the deep waters off Mexico in its Week 35 Rig Analytics Market Roundup.Report SummaryContractsMalaysia's Velesto said Monday it has secured a Letter of Award for its 350-ft jackup…
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Voluntary EV Fire Prevention Measures Earn ClassNK Certification
Mitsui O.S.K. Lines (MOL) has been granted certification for its voluntary efforts to improve fire prevention on the car carrier Cerulean Ace.The LNG-fueled vessel is operated by MOL and managed by MOL Ship Management. It has been granted certification…
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Feasibility of Remote Pilotage Under International Review
The International Maritime Pilots’ Association (IMPA), which represents over 50 member countries, is partnering with the Canadian National Centre of Expertise on Maritime Pilotage (NCEMP) and the Canadian Coast Guard to evaluate the feasibility…
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ClassNK Publishes Onboard Ammonia Leak Estimates
ClassNK has published industry-first estimated leak frequencies for ammonia fuel from onboard components for ammonia-fueled ships. For new ammonia-fueled ship designs, risk assessments involve the consideration of the probability of ammonia leak from e...
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