The maritime industry stands at the nexus of geopolitical intricacies, grappling with unprecedented challenges that demand astute navigation and strategic foresight. The latest attacks in the Red Sea against merchant ships come on the back of a series of black swan events, each more intricate and ch
Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) has signed a time charter contract for the ammonia carrier Green Pioneer with Yara Clean Ammonia Switzerland, a group company of Yara International ASA, the world’s largest nitrogen fertilizer manufacturer. The 2010-built vessel was delivered
Capital Product Partners L.P. has taken delivery of the LNG Carrier Axios II as part of its umbrella deal covering the acquisition of 11 newbuild liquefied natural gas carriers. The vessel was built by Hyundai Heavy Industries and delivered in January 2024. The dual-fuelled LNG carrier is fitted wit
UK-based small-scale LNG company Avenir LNG has executed time charter agreements for LNG bunkering vessels Avenir Advantage and Avenir Accolade. Future Horizon, a joint venture between Avenir and MISC, signed a new two-year time charter agreement for Avenir Advantage with PETCO Trading Labuan Compan
Australia’s maritime authority, the Australian Maritime Safety Authority (AMSA), has imposed a 180-day ban on the Hong Kong-flagged LNG carrier Cesi Qingdao from entering Australian waters. The vessel was detained in Gladstone in November after experiencing a blackout that caused significant disrupt
Nova Scotia recycling facility R.J. MacIsaac Ltd. (RJMI) has won certification from Lloyd’s Register (LR) classification society according to the requirements of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (Hong Kong Convention). It is the first C
The governments of the United States, Australia, Bahrain, Belgium, Canada, Denmark, Germany, Italy, Japan, Netherlands, New Zealand, Singapore, and the United Kingdom issued a joint statement warning the Houthis against further attacks in the Red Sea. The statement is being issued on the heels of th
For the past month, Color Line’s two passenger ferries, linking Denmark and Norway, have been fueled exclusively with B100 biofuel, supplied and managed by marine fuel supplier Bunker One. Bunker One has supplied B100 biofuel to Color Line’s SuperSpeed 1 and 2 ferries travelling between Hirtshals in
The renewal of the global shipping fleet made a significant stride in 2023, with a total of 539 ships, equivalent to 45% of all newbuild orders placed last year by gross tonnage, being capable of running on alternative fuels, Clarksons Research said. “2023 was a hugely significant year in the shippi
DOF Group has signed a contract extension with Prime Energy Resources Development for a multipurpose platform supply vessel (MPSV) that is working offshore Philippines. Prime Energy has extended the contract for the provision of the MPSV Skandi Hawk to the end of 2027. DOF has been providing MPSV an
Oil prices have now settled down, but is this just the calm before the storm or will prices remain stable without further spikes?
French maritime firm Louis Dreyfus Armateurs (LDA) has inked a construction contract with Chinese CSSC Wuchang Shipbuilding Industry Group for three low-emission roll-on /roll-off vessels supported by wind-assisted propulsion. The construction of the vessels has been commissioned by Airbus as part o
In the wake of the latest incident involving Maersk’s containership Maersk Hangzhou, the global liner major has decided to halt all transits through the Red Sea and Gulf of Aden until further notice. Just days after announcing its gradual return to the Red Sea, Maersk Hangzhou was targeted by a miss
In the maritime realm, 2023 has been a year marked by transformative projects and announcements, on both the regulatory side, ship designing, and shipbuilding front as well as demand signals for the production of alternative fuels. Amidst geopolitical turbulences in the Middle East, the ongoing conf
