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Oxford University paper estimates the shipping industry requires $2trn to build green ammonia infrastructure, as ammonia’s lower energy density increases production needs compared to fuel oil

Company has also been taking delivery of gas carrier newbuildings, including units for Nasdaq-listed affiliate StealthGas

‘Alternative fuels won’t be available in the amount required, in view of that we have to focus on emissions reductions,’ says Hapag-Lloyd fleet director

Investigations are ongoing and the suspension will be lifted on the orders of South Korea’s Ministry of Labour and Employment. Hanwha Ocean expects some disruption to production

The state-owned shipbuilding group, formed through the restructuring of the former conglomerate Vinashin, shoulders a substantial debt burden of $4bn

Two incidents have been reported by UK Maritime Trade Operations on Tuesday. These are the 30th and 31st seen since mid-November

Airfreight was seen as a natural extension during the pandemic boom years. Now CMA CGM will have to go back to the drawing board for its airborne ambitions

Scorpio has sold a 2015-built MR tanker for $39.1m, a ‘strong’ price according to Jefferies that indicates the companies’ net asset value at $82 per share. The New York-listed owner also announced exercising purchase options on five leased tankers, reducing debt by $61.1m

Chinese shipmanager currently also has an orderbook of another 13 newbuildings

Biofuel bunkering demand at Dutch ports to remain supported owing to environmental regulations despite lower subsidies in 2024, as shipping companies rush to secure bio-blended fuel volumes to comply with CII and FuelEU Maritime