Horizon Europe, the EU's key funding program for research and innovation, will fund the Ship-aH2oy project aimed at developing and demonstrating a zero-emission propulsion technology on board ships using green hydrogen from liquid organic hydrogen carriers (LOHC) on a megawatt scale.

January proved to be a dramatic month for long-term ocean freight rates, with the latest data from the Xeneta Shipping Index (XSI) showing the largest ever month-on-month declines. According to the XSI, average long-term contracted rates dropped by 13.3% in January…

The Baltic Exchange's dry bulk sea freight index dropped to its lowest level in more than two years on Thursday, pressured by slowing demand for capesize and panamax vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commod

Qtagg recently secured an order on a total upgrade of Silja Europa’s propulsion control system, a makeover designed to decrease the ship’s fuel consumption by 6% and CO2 emissions by 2096 tons yearly, according to the manufacturer. The overhaul includes engine speed governors…