The Swedish Club Marks 40 Years in Hong Kong

The Swedish Club’s Hong Kong office celebrates its 40th anniversary this month. The office has seen many changes, from fast economic growth in the South East Asia region and China’s ‘open door’ policy, to Asia taking a role as a leading force in global shipping. Team Hong Kong Managing Director Ruizong Wang (pictured) says: “We […]

Solar Power Generation System Installed at Seafarers’ Training Facility in Philippines

Kawasaki Kisen Kaisha, Ltd. (“K” LINE) announced that its overseas subsidiary had installed a solar power generation system on the roof of building named Ocean Breeze (“the Building”) which was constructed in 2018 to strengthen and expand our seafarer’s training facility “K” Line Maritime Academy Philippines (“KLMA”) in Pasay, Metro Manila. Such system will cover […]

ABS launches ‘Requirements for Onboard Carbon Capture’

Working with shipyards, ship owners and operators, ABS has developed what it calls an industry-leading set of requirements on the application of carbon capture technology at sea. ABS says experience and insight derived from pioneering carbon capture projects with stakeholders such as shipyards, ship owners and original equipment manufacturers (OEMs) have informed development of its […]

Maersk and SunGas Renewables sign strategic green methanol partnership

As part of its strategy to decarbonize customers’ supply chains, A.P. Moller – Maersk (Maersk) has entered a green methanol Letter of Intent with US-based SunGas Renewables, Inc., a spin-out of GTI Energy, and a leader in providing technology and equipment systems for large-scale production of renewable fuels. This is Maersk’s 9th such partnership to […]

Proman Stena Bulk takes delivery of fourth methanol-fuelled tanker Stena Prosperous

Proman Stena Bulk, the joint venture between leading tanker company Stena Bulk and the leading methanol producer Proman, has successfully taken delivery of a further methanol-fuelled tanker, Stena Prosperous. The 49,990 DWT vessel was successfully delivered from Guangzhou Shipyard International Co Ltd (GSI) and will now enter commercial operation running fully on methanol. The delivery […]

Fuel sustainability at centre of decarbonisation, says DNV’s latest Maritime Forecast to 2050

The 2022 version of DNV’s ‘Maritime Forecast to 2050’ provides insights into the fuels that will propel tomorrow’s ships, and how decarbonisation journey driven by regulation, financiers and customer choices could impact fuel cost. More specifically, the report focuses on fuel availability and infrastructure to tackle the shift to carbon-neutral fuels. Findings from the report […]

Cold comfort for carriers, as resilient reefer spot rates finally fall : Xeneta

One of the most steady performers in the ocean freight spot market has finally begun to follow the wider industry trend, as rates for reefer containers from North Europe to China lock into a downward trajectory. According to the latest real-time data from Xeneta, rates on the key corridor have fallen from a long-term average […]

Tatham & Co expand into Greek market

Maritime and commercial law firm, Tatham & Co., today announced its expansion into the Greek market with the addition of a senior Athens-based lawyer to its growing team. Ioanna Vitta brings with her over 30 years of experience, specialising in dry shipping. A qualified Greek and English lawyer, Ioanna is also a well regarded and […]

International Underwriting Association announces new Chair

Phil Hobbs (pictured), President and Managing Director of Liberty Special Markets, has been elected as the new Chair of the International Underwriting Association (IUA). He replaces Rob Kuchinski, Head of Commercial Insurance at Zurich UK, who is retiring. Mr Hobbs has been a member of the IUA Board since March 2019 and was previously a […]