German bulk operator Oldendorff Carriers GmbH & Co. KG has entered into an agreement with Canada’s mining major Teck Resources Limited to use wind propulsion to reduce CO2 emissions in Teck’s supply chain. The joint…
The European Commission (EC) has awarded €131 million for the Northern Lights carbon capture and storage (CCS) project under its Connecting Europe Facility (CEF) funding scheme. A total of eight cross-border energy infrastructure…
The UK-based classification society Lloyd’s Register (LR) has awarded Approval in Principle (AiP) to Taiwanese shipbuilder CSBC for its 2,500 TEU feeder design with methanol propulsion, as part of a joint development project….
Unlock the brilliance of innovation at the International Glass Show -Nasr City. Elevate your perspective and explore the future of glass technology from December 7th to 10th, 2023. Save the date and secure…
Clean LR2 LR’s in the MEG have been on a downward trajectory this week. The 75Kt MEG/Japan TC1 index lost 16.11 points to WS113.33 with reports of WS107.5 currently on subjects in the…
A new report by the Institute for Energy Economics and Financial Analysis (IEEFA) has found that South Korea is rapidly developing liquefied natural gas (LNG) import and storage terminals, presenting a high risk…
Environmental Defense Fund (EDF) and Lloyd’s Register (LR) Maritime Decarbonisation Hub, in collaboration with Arup, have introduced the Sustainable First Movers Initiative Identification Tool, a system to help shipping stakeholders align investment decisions…
Industry giants Chevron, Euronav, and Cargill have announced their joint operational efficiency ambition statement as part of the Global Maritime Forum Annual Summit in Athens. Under the ambition, the trio committed to adopt…
Energy major Shell Western LNG and MSC Cruises, the cruise division of MSC Group, have completed the first bunkering of LNG-powered vessel MSC Euribia in Rotterdam, the Netherlands, under the agreement for Shell…