LATEST NEWS

Could nuclear-powered ships help the industry meet the 2050 emissions target?

2019-10-14

Nuclear power as a fuel for ships is a completely zero-emission solution – it does not emit any SOx, NOx, CO2 or particulates. The technology is also millions of times more power-dense than fossil fuels and alternative fuel options that are currently being considered like methanol, ammonia and hydrogen. In terms of meeting the IMO’s 2050 greenhouse gas (GHG) reduction ambition, it’s the only proven solution available today, capable of replacing fossil fuels in all marine app.....

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Christmas comes early for tanker owners as freight rates skyrocket

2019-10-14

Decade-high freight rates have been a boon for tanker owners but it is starting to squeeze trading houses, charterers and refiners, with analysts and market sources questioning how long the trend will persist.

The spike in bunker fuel prices has been boosted by the nearing of the International Maritime Organization’s 0.5% sulfur cap, along with attacks on Saudi Arabian oil installations and US sanctions on subsidiaries of China’s Cosco Shipping. These factors have pushed.....

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