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Methanol up for discussion at IMO this week
Twelve methanol-powered ships are already in operation with another nine on order, but inclusion in the code should shorten the time to approval and even lower the cost of constructing tankers, bulkers and containerships using methanol as fuel.
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Sizeable chunk of the global VLCC orderbook removedRemoving 10 VLCCs from the global orderbook is significant. Prior to Hyundai Heavy’s news yesterday, Alphatanker data showed there were just 86 VLCCs on order around the world.
Corvus Energy wins battery contract for world’s 1st zero-emission tankerJapanese shipbuilder Kawasaki Heavy Industries (KHI) has selected Corvus Energy to supply the energy storage system (ESS) for the world’s first zero-emission electric tanker.
MOL scraps 37-year-old LNG carrierThe Moss type vessel was delivered from Mitsui Ichihara in February 1984, and has sailed nearly 2m nautical miles – the equivalent of going to Mars and back – while completing 733 voyages for the Japanese owner.
Norden offloads two tankers, adds two bulkersDanish owner and operator Norden continues to shift its exposure from tankers to dry bulk, revealing the sale of two tankers and the acquisition of two bulkers.
VLGC spot rates hit five-year high, closing in on $100,000 a daySpot rates for VLGCs are on the cusp of hitting $100,000 a day, having hit highs in recent days not seen since August 2015.
- Philippine Coast Guard Takes Possession Of “Gabriela Silang”
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- Simorgh drone joining Iran’s Navy