DNV has become the sole owner of Ocean Ecology, solidifying its position in the aquaculture and biodiversity sector. This follows DNV’s earlier acquisition of Åkerblå, the previous majority shareholder of Ocean Ecology. Established in 2013, Ocean Ecology is a leading UK provider of marine...
The updated 2024 version of BIMCO’s widely used ship management contract SHIPMAN is now available for use in SmartCon and on the BIMCO website accompanied by explanatory notes. SHIPMAN 2024 was adopted by the Documentary Committee meeting on 22 March in Hamburg. More information is available here....
https://www.hellenicshippingnews.com/shipman-2024-available-for-use/
Strong global growth in all areas, industry-leading sustainability projects, development of a diverse talent pipeline and pioneering advances in digital and condition-based technologies were highlighted for members from around the world at the 162nd ABS Annual Members Meeting. Members heard that...
With the aim of improving and enhancing our presence in East Coast South America, Pacific International Lines (PIL) is pleased to introduce two revamped weekly direct services, connecting key ports in China, Singapore, with Brazil, Argentina and Uruguay. Known as East Coast Service 1 (ES1) and East...
Naval architects require capabilities for effective and credible hydrodynamic and propulsion system simulation. As we look to high- order tools such as CFD for solutions, we frequently encounter settings where CFD a) is too costly in time, resources, or expense for the available schedule for the...
The first liquefied natural gas tanker to dock at Freeport LNG’s gas liquefaction plant in 11 days arrived on Saturday, vessel tracking data from financial firm LSEG showed. Saturday’s arrival of tanker BW Pavilion Leeara signaled a potential restart in coming days of one of the facility three...
On April 10, KEYS Azalea, an LNG bunkering vessel owned and operated by KEYS Bunkering West Japan Ltd. (“KEYS”)1 — a joint venture established by Kyushu Electric Power Co., Inc.; NYK Line, ITOCHU ENEX CO., LTD.; and Saibu Gas Co., Ltd. — bunkered LNG for the pure car and truck carrier Daisy Leader2...
Capesize The Capesize market witnessed an eventful and generally positive week. Early in the week, a subdued start led to cautious attitudes among market participants, with slight declines in the BCI 5TC and C3 index. However, a notable turnaround occurred midweek, as sentiment improved markedly,...
https://www.hellenicshippingnews.com/dry-bulk-market-positive-week-for-capesizes/
ABS and U.S. Department of Energy (DOE) are to collaborate on clean energy development in the maritime domain and decarbonization of maritime operations after signing a new memorandum of understanding (MOU). The agreement between the DOE’s Office of Energy Efficiency and Renewable Energy (EERE) and...
Singapore Exchange’s (SGX) bid to buy London’s Baltic Exchange is aimed at burnishing its derivatives credentials among ship brokers and commodity merchants, fitting hand in glove with its efforts to develop Asian pricing benchmarks for bulk commodities. The bourse has struggled in recent years,...