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Product tanker newbuilding contracts in the first eight months of the year dropped 86 percent year-over-year to 2 million deadweight tonnes, representing a nine-year low, said BIMCO Shipping Analysis Manager Filipe Gouveia.
The development marks a stark reversal from the boom seen in 2023 and 2024. During those years, ships in the Long-Range 2 and Medium-Range segments dominated the order book. A pick-up in contracting for Long-Range 1s was also notable ...
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Hapag-Lloyd and Shell Western LNG B.V. (Shell) have signed a multi-year agreement for the supply of liquefied biomethane starting with immediate effect. The agreement builds on a strategic collaboration established in 2023 to accelerate the decarbonization of alternative marine fuels.
Biomethane, also known as Bio-LNG, plays ...
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In October 2018, LNG Canada made a final investment decision to build its liquefied natural gas, or LNG, export facility in Kitimat, British Columbia, the largest energy investment in Canadian history.
The LNG export facility – the first of its kind in Canada– facilitates the safe ...
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deugro, the freight forwarding and project logistics giant, and partners put to work its newest roll-on/roll-off vessel, the Rotra Futura, when it delivered wind turbine blades from Denmark to the U.S., shortly after beginning operations this past summer.
The project supply vessel, specifically designed to handle ...
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CB&I, a leading designer and builder of storage facilities, tanks and terminals, said it has been awarded a contract for the Thacker Pass lithium mine project in Humboldt County.
The pass is the world’s largest known measured lithium resource (measured and indicated) and reserve (proven and ...
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Sallaum Lines has taken early delivery of the Ocean Breeze, a next-generation liquefied natural gas, or LNG, dual-fuel pure car and truck carrier (PCTC).
The vessel, Fujian Mawei Shipbuilding in China, was delivered July 18, four months ahead of schedule.
The carrier said the Ocean Breeze represents ...
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Global electricity demand is expected to expand at one of the fastest sustained paces in more than a decade despite ongoing economic pressures, according to a recent report of the International Energy Agency, or IEA.
Renewables, natural gas and nuclear all contributing to meet the additional ...
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Atlas Air Inc., the provider of outsourced aviation logistics, announced new long-term agreements with integrated giant DSV and Etihad Cargo, the logistics arm of UAE’s national airline.
Under the agreements, Atlas, a subsidiary of Atlas Air Worldwide, will provide dedicated freighter capacity for the airfreight forwarder ...
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Höegh Autoliners has placed an order for the first-ever ammonia engines for its Aurora-class pure car/truck carriers, or PCTCs, which, at 9,100 car equivalent units (CEU), will be the largest and most environmentally friendly ever built.
The four ME dual-fuel liquid gas injection, or LGIA, engines ...
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By Jackson Wood
July was a busy month for U.S. containerized imports, following two months of uneven performance. Total volumes surged 18 percent over June to 2.62 million twenty-foot equivalent units (TEU). It’s also a 2.6 percent increase over July 2024 – and just 555 TEUs ...
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