September 15, 2022
A design for the world’s first methanol-powered Newcastlemax bulk carrier has received approval in principle (AIP) from classification society ABS.Developed by CSSC Qingdao Beihai Shipbuilding CO., LTD and China Ship Design & Research Center Co.…
September 15, 2022
The next generation ultra large liquefied carbon dioxide (LCO2) carrier for Hyundai Heavy Industries Group (HHI) and Hyundai Glovis has received an approval in principle (AIP) at Gastech from ABS and the Republic of the Marshall Islands (RMI) Maritime Administrator.The 74…
September 14, 2022
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, extended gains on Wednesday, helped by an uptick across all vessel segments led by a jump in the larger capesize segment.The overall index, which factors in rates for capesize, panamax, and supramax
September 14, 2022
The Biden administration on Wednesday said it had reinstated bids from a November 2021 Gulf of Mexico sale of offshore oil and gas drilling rights, a requirement buried in U.S. President Joe Biden’s new climate change and drug pricing law.The…
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