Ammonia-fueling is widely seen as key to shipping’s decarbonization. And while ammonia fueled four stroke engines will soon be a reality, ammonia gas turbines could be in the not too distant future.
China Dominates Maritime Markets in '24
In what should be a surprise to no one, the Chinese maritime industry continued its dominance in 2024, with the nation’s vessel orderbook surpassing $123 billion. Data from VesselsValue reveals a strong
Flex LNG Time Charter Rates Beat Expectation
Flex LNG Ltd. released its unaudited financial results for the fourth quarter and full year ended December 31, 2024, reporting a robust performance amid a challenging LNG shipping market.Flex LNG posted vessel
Hapag-Lloyd wraps up financing for 24 LNG-powered containerships
Hapag-Lloyd said on Tuesday that the financing will be carried out on the basis of its "green financing framework" for the order placed in October last year. Yangzijiang Shipbuilding will build
Russia Seaborne Diesel Exports Rise
Russia's seaborne diesel and gasoil exports rose almost by a quarter in January from December as traders sought to increase supplies before new U.S. sanctions come into effect and amid seasonal low
Hapag-Lloyd Closes $4B Financing for 24 New Container Ships
Container shipping firm Hapag-Lloyd has secured long-term financing, in the amount of $4 billion, for 24 large container ships ordered in October 2024, with a combined capacity of 312,000 TEU.Around $900 million
- Japan's Mitsui Eyes Alaska LNG Project
- WinGD Debuts On-Engine SCR
- Flex LNG expects 2025 to be in line with last year
- China to impose tariff on US LNG
- OpenBridge 6.0 Design Framework Released
- Seaspan claims Canada’s first STS LNG bunkering op
- Hanwha, Baker Hughes to develop ammonia turbines
- Robbers Active in Singapore Strait
- Meyer Werft Kicks Off Fuel Cells for Cruise Ship Retrofits Project
- IMO PPR 12 Finalizes In-Water Cleaning Guidance