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Approval in Principle (AiP) for the Basic Design of a Large Ammonia-Fueled Ammonia Carrier Obtained from Classification

Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has jointly developed a large ammonia carrier that uses ammonia as...

Kongsberg Maritime wins design and equipment contract for Olympic Group’s two subsea construction vessels

Kongsberg Maritime has signed a significant contract for the design of two multipurpose subsea vessels. The UT7623 SEV (Sustainable Energy Vessel) vessels will...

Axpo enters LNG bunkering in Spain with first MSC delivery supporting growing demand for greener maritime fuels

Axpo has concluded a first delivery of liquified natural gas (LNG) to MSC, the world leader in global shipping and logistics, in the...

Ocean Yield AS: Investment in two Suezmax tankers with long term charters

Ocean Yield AS is pleased to announce that it has agreed to acquire two 2016-built Suezmax tankers with 8-year bareboat charters to Nordic...

HSFO market strength pares slightly

Strength in the high sulphur fuel oil (HSFO) market pared marginally by the end of the trading week, with backwardation narrowing from recent...

Pyxis Tankers Expects Stable Demand But, Growing Vessel Supply Could Pose a Challenge

Pyxis Tankers Inc., an international shipping company, today announced unaudited results for the three months and year ended December 31, 2024.For the three...

Singapore marine fuel sales slip to lowest in 20 months

Singapore marine fuel sales fell to their lowest in 20 months in February, official data showed on Friday.Volumes at the world’s top bunker...

Shipping and alternative fuels producers await IMO Regulations on GHG Emissions Framework

During 2025, the International Maritime Organisation (IMO) will consider adopting new “mid-term measures” for managing greenhouse gas (GHG) emissions. This will include proposed new...

Nordic American Tankers Ltd: The NAT fleet is expanding, providing room for continued dividend payments

As previously communicated, we recently acquired a Sungdong (South-Korea) built suezmax tanker from a first-class owner. The vessel is expected to be delivered...

Nakilat celebrates Steel Cutting of 8 New LNG Carriers at Korea’s “Hanwha Ocean” Shipyard

Qatar Gas Transport Company (Nakilat) marked a significant milestone with the steel cutting ceremony for eight of its new LNG carriers at Hanwha...
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