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Furetank and Algoma Central Corporation are expanding their FureBear joint venture with two new 17,999dwt tankers from China Merchants Jinling Shipyard.
The Panama Canal Authority (ACP) says that daily transit limits and draught restrictions will remain in place until next year and warns it could make additional transit reductions if the drought persists.
In a growing trend of try to ensure zero carbon shipping of fossil fuels classification society ABS has granted Approval in Principle (AiP) for an ammonia-fuelled LNG carrier.
Singapore-based Eastern Pacific Shipping has thrown its weight behind ammonia dual-fuel propulsion systems for a series of Newcastlemax bulk carriers and very large ammonia carriers (VLAC) to be built in China.