In a new collaboration, Equinox Maritime and Marsoft will quantify and certify the CO2 savings from retrofit initiatives made by Equinox in the company’s continuing efforts to minimize its CO2 footprint. GreenScreen makes a strong business case for installing best practice energy-saving devices....
Britain warned on Tuesday that it has information indicating Russia’s military may start to target civilian shipping in the Black Sea, while the EU pledged to help Ukraine export almost all its farm produce via rail and road. Global wheat prices have spiked 15 per cent in the past week after Russia...
The European Union is ready to export almost all of Ukraine’s farm producevia “solidarity lanes” and help cover costs, EU agriculture commissioner Janusz Wojciechowski said on Tuesday, after Russia withdrew from a U.N.-backed Black Sea grain deal. Solidarity lanes are rail and road transport...
More recharging and refuelling stations for alternative fuels will be deployed in the coming years across Europe enabling the transport sector to significantly reduce its carbon footprint following today’s adoption on the alternative fuel infrastructure regulation (AFIR). The new law is a milestone...
After two years of intense negotiations, today the EU has adopted the final rules for climate-neutral shipping, as proposed in the ambitious climate package “Fit for 55”. Particularly, the requirement for the climate footprint of fuels, with the adoption of FuelEU Maritime, is crucial to achieving...
https://www.hellenicshippingnews.com/eu-achieves-ambitious-climate-regulations-for-shipping/
Commenting on draft legislation published for Finance Bill 2023-24, James Bailey, a corporate tax director at accountancy and business advisory firm BDO said: “As announced in the Spring budget, details of the inclusion of ship management activities within UK tonnage tax have now been released,...
Propulsion efficiency solutions from technology group Wärtsilä are delivering significant efficiency gains to the shipping industry. A study of operational data has indicated significant emission reductions for two Medium Range (MR) product tankers fitted with Wärtsilä technology, and an average...
Asia’s spot fuel oil market has started to stabilise in recent sessions, with very-low sulphur fuel oil (VLSFO) holding steady after a recent downtrend, while high sulphur fuel oil (HSFO) has begun to ease after rallying firmer due to strong bidding. The Hi-5 fuel oil spread, which is the premium...
https://www.hellenicshippingnews.com/asia-fuel-oil-vlsfo-downtrend-pauses-while-hsfo-eases-slightly/
Two of the leading maritime technology venture builders have today announced a partnership to jointly develop new technology start-ups for the industry. Signal is taking a stake in the German venture studio Flagship Founders and will contribute data and APIs from its Signal Ocean platform to help...
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, extended declines on Tuesday pressured by lower demand for panamax and supramax vessel segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell...
https://www.hellenicshippingnews.com/baltic-index-drops-to-lowest-in-over-seven-weeks/