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Digital Editions

mag archive 230

News

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26
May 2022

Dual fuel LNG carrier newbuild, Lagenda Suria, has been delivered at Hudong-Zhonghua Shipbuilding (Group) Co.

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26
May 2022

Geopolitical instability related to Russia’s invasion of Ukraine and rising bunker prices caused petroleum tanker rates for routes originating in Europe to rise to record highs in April 2022, according to the US Energy Information Administration (EIA).

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26
May 2022

Lloyd’s Register Maritime Decarbonisation Hub is joining forces with 11 cross-supply chain stakeholders to develop a fleet-specific fuel transition strategy – using the Green Corridor concept – for container ships operating in Singapore and across Asia.

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26
May 2022

Wärtsilä has signed a renewal of its optimised maintenance agreement with the Greek shipping company Maran Gas Maritime for its fleet of 21 TFDE LNG carrier vessels which are all powered by Wärtsilä 50DF dual-fuel engines.

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25
May 2022

In his keynote address on the first day of the Maritime Week Americas’ conference in Panama, Tim Stew, MBE, the British Ambassador to Panama, highlighted the strong trade and maritime links between the country and the UK, and, in a sombre reference to the ongoing crisis in Ukraine, he told delegates: ‘For too long many have been naïve about the geopolitical power of economics…make no mistake – we are, with Russia’s latest misadventure, firmly back in a world where geopolitics rule.’

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25
May 2022

BIMCO’s Documentary Committee has approved the Emissions Trading System Allowances (ETSA) Clause for Time Charter Parties 2022 which allocates costs and responsibilities for obtaining, transferring, and surrendering GHG emissions allowances for ships operating under an emissions scheme, such as the proposed EU Emissions Trading System (ETS).

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25
May 2022

As the global commodity trading and mining giant admits its years-long involvement in foreign bribery cases as well as bunker fuel price manipulation at the ports of Houston and Los Angeles, US Attorney Damien Williams, acting for the Southern District of New York, declared yesterday (24 May): ‘Glencore paid bribes to secure oil contracts. Glencore paid bribes to avoid government audits. Glencore bribed judges to make lawsuits disappear. At bottom, Glencore paid bribes to make money – hundreds of millions of dollars.’

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25
May 2022

Nina Østergaard Borris, co-owner and current COO of United Shipping and Trading Company (USTC), the parent company of Bunker Holding, is succeeding her father Torben Østergaard-Nielsen as CEO of the family-owned business. Her sister, Mia Østergaard Rechnitzer, currently Head of Corporate Governance, takes on the role of Chief Governance Officer at USTC.

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25
May 2022

WinGD says that the new on-engine version of its iCER system enables the emissions reduction technology to be installed without impacting the engine footprint.

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24
May 2022

In its second sustainability report, the superyacht refit and maintenance group, MB92, looks at the options that could help the existing fleet of over 6,000 superyachts cut its ‘significant’ carbon footprint.

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