COSCO signs up four vessels plus nine options for methanol retrofits

At this week’s Marintec China event in Shanghai, COSCO Heavy Industry Shanghai Co. signed a contract with MAN Energy Solutions for the methanol retrofit of four main engines from COSCO Line’s ‘Camellia’ and ‘Virgo’ class vessels – of 13,800 and 20,000 teu respectively. Currently equipped with single-fuel MAN B&W 11S90ME-C10.5 engines, the vessels will be […]

BSM is ‘ready to go’ for EU ETS

With the EU’s Emission Trading System (EU ETS) kicking in for shipping from January 2024 onwards, Bernhard Schulte Shipmanagement (BSM) reports that it has developed a comprehensive range of carbon compliance and EU ETS management services. These are designed to support owners and operators mastering the complex regulation requirements and to reduce their carbon footprint […]

The Swedish Club continues its drive for sustainable growth

The Board of The Swedish Club has announced a 7.5% General Increase for P&I in 2024, reflecting the balanced approach adopted by the Club to meet the needs of its members and the continuing volatile operating environment faced by the shipping industry. Speaking at The Swedish Club’s December board meeting, held in London this week, […]

CSC: Recent attacks in Red Sea on commercial ships threat to international trade and safety

The Cyprus Shipping Chamber (CSC) expresses its deep concern with regard to the recent attacks, by paramilitary forces in Yemen, on commercial vessels in transit through the Red Sea and Gulf of Aden. These incidents place International Shipping and maritime safety at risk and breach international law and maritime norms. CSC joins the International Chamber […]

Euronav orders another ammonia-powered VLCC and two Suezmaxes

Tanker giant Euronav announces that it has taken up the option for one more VLCC newbuilding at Qingdao Beihai (China) and ordered two Suezmaxes at Daehan Shipbuilding (South Korea). Euronav now has three VLCCs on order at Qingqdao Beihai following the ordering of two VLCCs earlier in the year. The purchase price of the third […]

Maersk to deploy first large methanol-enabled vessel on Asia – Europe trade lane

A.P. Moller – Maersk (Maersk) is about to launch the first of its 18 large methanol-enabled vessels currently on order. On 9 February 2024, it will enter service on the AE7 string connecting Asia and Europe, which includes port calls in Shanghai, Tanjung Pelepas, Colombo and Hamburg, with Ningbo, China, being its first destination. The […]

Alfa Laval to provide fuel supply system to Maersk in industry’s first methanol retrofit project for a container vessel

Alfa Laval fuel supply system FCM Methanol has been selected by Maersk for their pioneering methanol retrofit project to enable the container vessel Maersk Halifax to operate on methanol fuel. This project stands as a significant achievement for both Alfa Laval and Maersk, underscoring the feasibility of retrofitting ships with the necessary equipment for methanol-based […]