Oil and shipping group Monjasa has acquired the 9,600 dwt-oil and chemical tanker, Monjasa Shaker for cargo and bunkering operations in the Arabian Gulf.
LNG propulsion dominates alternative fuelled newbuilding orders as urgency grows to develop carbon neutral fuels for global shipping.
A new initiative aimed at accelerating the implementation of methane emission monitoring and reduction technologies in the maritime sector is being launched by seven shipping and energy companies.
CMA CGM is setting up a $1.5bn fund to accelerate the energy transition in shipping and logistics.
Ardmore Shipping senior executive Mark Cameron say there are serious safety and handling challenges in using ammonia and hydrogen as a marine fuel.
With the life of a ship 25 years making existing vessels more carbon-efficient is going to be an essential part of the decarbonisation process.
Globeleq, an independent power company focused on Africa, has signed an MoU with four Egyptian government entities to create a green hydrogen facility at the Suez Canal Economic Zone.
A fall in bunker prices could be stymied by skyrocketing natural gas prices driving up demand for fuel oil.
CSSC Hudong-Zhonghua Shipbuilding is to build a 14,000 cu m LNG refueling vessel for domestic LNG industry player, Anhui Changjiang LNG Company.