At Least 15 Million Barrels Caught Up in Turkish Tanker Impasse
Turkey dug in on an insistence that oil tankers navigating its waters must prove they’re insured to do so, leaving a glitch from sanctions on Russia unresolved and hindering the flow of millions of barrels of crude.
Furetank’s dual-fuel tanker tests Equinor renewable fuel blend
Sweden-based shipping firm Furetank has announced that its dual-fuel tanker Fure Valö has undertaken the first voyage using Equinor’s new fuel blend that contains used cooking oil.The fuel blend, which contains used cooking oil, is claimed to cut down greenhouse gas emissions.
Korean Tanker Boarded by Pirates for the Second Time in Gulf of Guinea
South Korean officials and security operations monitoring the Gulf of Guinea are confirming that a South Korean-owned product tanker was boarded by pirates near Cote d'Ivoire and later released. The incident, which served as a reminder that piracy continues to be a danger in the region, was the second time that the same product tanker had been boarded in 2022.
Chinese yard newbuildings orders down 40% in first 10 months
Newbuilding orders at Chinese yards are down nearly 40% year-on-year to the end of October, and output from existing orders has also declined.
Clarksons sees mixed signals across shipping markets
The container and dry bulk sectors are the most vulnerable to risks from the world economy but uncertainties prevail in other sectors too.
Fugro and AD Ports Group formalize autonomous vessel co-operation
The companies have been working together since March this year, and have now signed an agreement to use remote and autonomous technologies in the Middle East region. The partnership will develop guidelines to make the UAE ready to receive USVs, as well as create a platform to implement remote and autonomous technology.
Mooring deck accident on board the cargo vessel Teal Bay
On 30 August 2021, Teal Bay’s chief officer was fatally injured when he was struck by a mooring line when it sprang out of an open roller fairlead. Teal Bay was moored alongside an anchored bulk carrier, and it was being moved forward by tensioning the aft spring to allow loading to be completed.
Cameron says we can’t engineer out the toxicity of ammonia
Ammonia is at the top of the list of the potential shipping fuels of the future, being a zero-carbon solution that can become economically viable.
The shipping industry has already built extensive experience in transporting and handling ammonia onboard vessels, and we are seeing major strides being made in designing ammonia-ready engines.
Battery Power Could Work for Boxships
Battery-electric propulsion systems in the container shipping industry could be an effective way to decarbonize if methods are implemented to reduce battery costs and deploy recharging points on short sea routes, a new study suggests. Although the operating costs of electric ships are much lower than conventional ships, the high price of batteries makes their initial costs much higher.
©2023 All Rights Reserved