NYK Line to trial long-term biofuel use
Japan’s NYK Line says that, starting in FY2024, it will conduct full-scale trials of the long-term use of biofuels, considered as net-zero CO2 fuels, in its current HFO-fueled ships. Moving forward from
Shipping
OFAC moves to stem flow of Iranian funding to Houthis
As the Houthi attacks that began with the hijacking of the Galaxy Leader continue to disrupt Red Sea shipping, the U.S. is moving to stem the flow of the Iranian money that
Euronav set to acquire CMB.TECH
The Saverys family is continuing with the reshaping of Euronav (NYSE:EURN) following the deal that saw 24 of the company’s VLCCs being transferred to John Fredriksen’s Frontline, resolving a long-running merger battle,
OSG sees liquefied CO2 carriers in its future
Tampa, Fla., headquartered Overseas Shipholding Group Inc. (NYSE:OSG) is looking to get into the growing carbon storage and transport business, including operating liquefied CO2 carriers, and it’s taking its first steps right
Carnival reports all time high full year revenues
Cruising has come a long way since the dark days of the COVID shut-down when much loved veteran cruise ships were being beached for scrapping. Evidence of the industry bounce back came
Red Sea is becoming a no go zone for shipping
Supply chain disruptions as a result of Houthi attacks on merchant ships in the Red Sea are only likely to increase. A growing number of ship operators have themselves decided to suspend
Höegh Autoliners in strategic partnership with biofuel supplier VARO
Shipping’s customers, including auto manufacturers, are looking to wring carbon out of their supply chains. Leading car carrier operator, Oslo-headquartered Höegh Autoliners has plans for its next-generation of ships to operate on
OSG rolls out Starlink fleetwide
Tampa, Fla., headquartered Overseas Shipholding Group Inc. (NYSE:OSG) is joining the growing number of shipowners worldwide rolling out SpaceX’s Starlink satellite internet service fleetwide. OSG says its decision marks a pioneering moment
New generation takes the reins at Exmar
One shipping dynasty that’s been much in the news this year, notably in the long-drawn battle for control of Euronav, has been Belgium’s Saverys family. Dynasties, of course, involve successions and the
Can Prosperity Guardian plans counter Houthi threat to shipping?
Ahead of a widely expected announcement from U. S. Secretary of Defense Lloyd J. Austin the Norwegian Government said today that the U.S. has taken the initiative to strengthen international efforts to