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Shipping Fuel Costs to Spike 25% on Sulphur Cap

Costs to rise from roughly $100 bln today; just 2 pct of global fleet to have scrubbers in 2020 . Global shipping fuel costs are likely to rise by a quarter, or $24 billion, in 2020 when new rules limiting sulphur kick…

Contracts

Wärtsilä, Hidrovias Group Ink Maintenance Deal

Wärtsilä and Hidrovias do Brasil signed a five-year Optimized Maintenance agreement on the fleet of eight pusher tugs operating in the rivers of South America. The agreement enables flexible maintenance planning and…

Ports

Finland's Manga LNG Terminal Gets First Cargo

The first shipload of liquefied natural gas (LNG) arrival to the LNG import terminal in Tornio, Finland, on Sunday November 19, 2017. The Manga LNG natural gas import terminal in Röyttä Harbor, Tornio, is a joint venture…

Technology

Seaspan Enlists DNV GL for EU-MRV Verification

Seaspan Corporation enlists help from DNV GL as a partner for EU-Monitoring, Reporting and Verification (MRV) of their entire fleet. EU-MRV regulation aims to quantify and reduce CO2 emissions from shipping while…

Ports

GHU: Fast ROI for Existing Bunker Port Installations

Genoil Inc, (GNOLF), the publicly traded clean technology engineering company for the petroleum industries, has announced compelling economics for the Genoil Hydroconversion Upgrader (GHU), for installations where there…

Marine Propulsion

Verifavia Earns Dual Accreditation

Verifavia, an emissions verification company for the aviation and shipping transport sectors, has received a second accreditation by France’s national accreditation body Cofrac as a global EU monitoring, reporting, and…