Superior, Colo., based Key Equipment Finance, a division of KeyBank, reports that it recently served as the lead arranger of a group syndication providing $177.5 million in financing for Pasha Hawaii’s second
When LNG first started gaining traction as a marine fuel, there was a lot of talk about chickens in eggs around issues of supply, demand an infrastructure. With methanol, it seems like
The IMO Council has appointed Arsenio Antonio Dominguez Velasco of the Republic of Panama as IMO’s next Secretary General. Subject to the approval of the IMO Assembly, he’ll serve for an initial
Wheat, corn and soybean prices all rose today on the news that Russia has not extended its participation in the UN sponsored Black Sea Grain Initiative. With Russia no longer on board,
In a move that positions it to displace Hapag-LLoyd as the world’s fifth largest box ship operator Taiwan’s Evergreen Marine Corporation is betting billions on methanol-fueling, placing orders for 24 methanol dual
While IMO has announced an enhanced common ambition to reach net-zero GHG emissions from international shipping by “close to 2050,” some influential cargo shippers don’t want to wait that long. They’re set
As the International Maritime Organization’s Marine Environmental Protection Committee started a crucial session on GHG reduction targets (MEPC 80), United Nations Secretary Secretary-General António Guterres called for meaningful action and said measures
Japan’s Mitsubishi Shipbuilding and NYK Line have obtained an Approval in Principle (AiP) from ClassNK for a vessel designed to carry ammonia on one leg of a voyage and captured carbon on
Compliance with U.S. Environmental Protection Agency (EPA) Vessel General Permit regulations under the Clean Water Act can get complicated. Failure to comply can get expensive. The EPA has settled with two shipping
Faced with a shortage of Canadian seafarers, on June 25 Canada signed agreements with Georgia, the Philippines, and the United Kingdom to allow their certified seafarers to work onboard Canadian vessels. This