The product was formulated by Petrobras Singapore (PSPL) itself in its locally leased tanks, by blending 76% fossil fuel oil from the refineries of the Petrobras System and 24% UCOME, a biofuel originating from the processing of used cooking oil (UCO), purchased in the region.
The Term Sheet has been unanimously approved by Golden Ocean’s Board of Directors, including its special transaction committee composed of disinterested directors, and by CMB.TECH’s Supervisory Board.
Technology group Wärtsilä will upgrade the Wärtsilä RT-flex main engines on two bulk carrier vessels owned by Turkey-based Ulusoy Sealines. The planned engine retrofits and upgrades will extend the vessels’ operational life and improve performance and fuel efficiency, thereby reducing emissions. The orders were booked by Wärtsilä in 4Q24 and 1Q25.
Diana Shipping Inc. a global shipping company specialising in the ownership and bareboat charter-in of dry bulk vessels, has announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with China Resource Chartering Pte. Ltd., for one of its Panamax dry bulk vessels.
Draft regulations will set mandatory marine fuel standard and GHG emissions pricing for shipping to address climate change.
Study in collaboration with Oldendorff finds that for large bulk carriers, heavy fuel oil with a scrubber can outperform low-sulfur fuels.
The Association of American Railroads (AAR) has reported US rail traffic for the week ending 5 April 2025.
To ensure quantifiable numbers on emissions Jotun coated vessels have avoided thanks to its coatings in 2024, DNV Maritime Advisory has performed a technical evaluation and verified that 11.1 million t of CO2 were avoided in 2024 for Jotun coated vessels.
Peel Ports Group has set out its ambition to turn the Port of Liverpool into a global hub for steel after the port operator marked a record-breaking year for bulk imports at the site throughout 2024.
The Baltic Exchange provides an update on the Dry Bulk markets for Week 14.
Mitsui O.S.K. Lines, Ltd. have announced the successful completion of a biodiesel-blended marine fuel (biofuel) bunkering on a capesize bulk carrier.
The Association of American Railroads (AAR) has reported US rail traffic for the week ending 29 March 2025.
ESL Shipping and global steel manufacturer SSAB have agreed on a multi-year extension of the agreement covering SSAB’s inbound raw material sea transports within the Baltic Sea and from the North Sea.
Achilles, a provider of supply chain risk management solutions, and Procureship, the world’s leading e-procurement platform have agreed a long-term partnership to enhance the ESG capabilities of the shipping industry’s procurement processes.
The Baltic Exchange provides an update on the Dry Bulk markets for Week 13.
The Association of American Railroads (AAR) has reported US rail traffic for the week ending 22 March 2025.
NORDEN has announced the addition of two Capesize newbuilding leases with purchase options, which it says reinforces its commitment to building a highly efficient and modern Capesize fleet. This, NORDEN says, will enhance its ability to serve customers reliably and ensure we remain at the forefront of sustainable and cost-effective shipping against a backdrop of an ageing fleet and historic low orderbook.
Bruks Siwertell has received an order for a next-generation Siwertell 15 000 S road-mobile unloader from an undisclosed owner. The largest model Siwertell road-mobile ship unloading solution will offer environment-friendly, efficient grain handling and comply with European Union (EU) directives for ATEX-classification, ensuring the safe handling of organic commodities.
Icon expects to take delivery of the vessel between May and August 2025, subject to the satisfaction of certain customary closing conditions.
The Baltic Exchange provides an update on the Dry Bulk markets for Week 12.
The vessels are expected to be delivered to their new owners during the remainder of 1H25.
The vessel is a 60 309 dwt Ultramax dry bulk vessel built in 2016.
These will be the world's first ammonia dual-fuel Capesize bulkers and chemical tankers.
The delivery of the vessel marks the halfway point in the company’s newbuilding programme as the sixth of a series of twelve 5400 dwt plug-in hybrid vessels.
The Baltic Exchange provides an update on the Dry Bulk markets for Week 11.