Shipping
23 industry players kick off ammonia study
(Posted on 14/06/21)Industry players have set up a “Joint Study” framework for studying common issues on ammonia as an alternative marine fuel, to get ready to IMO’s decarbonization targets, including energy, mining, power utility, chemical, terminal, shipping, shipbuilding, manufacture, bunkering, and classification society.Parties...
Trafigura and Yara sign clean ammonia MoU
(Posted on 09/06/21)Trafigura Pte Ltd, one of the world’s leading independent commodity trading companies, and Yara International ASA, a leading global ammonia player, have signed a Memorandum of Understanding to collaborate on the development and promotion of the use of ammonia as a clean fuel in shipping and to explore possible opportunities...
New head for Swedish Club in Piraeus
(Posted on 09/06/21)As the world slowly recovers from the restrictions of the Coronavirus pandemic and begins to look ahead, The Swedish Club is delighted to announce the appointment of a new Area Manager to take its Team Piraeus office into the future.Ludvig Nyhlén joins Team Piraeus from the Club’s head office in Gothenburg, having spent...
Algoma to build new Equinox self-unloading vessel
(Posted on 07/06/21)Algoma Central Corporation, a leading supplier of marine transportation services, has announced that it has entered into a contract with Yangzijiang Shipyard in Taicang City, China to build a new Seaway-Max self-unloading vessel for its domestic dry-bulk fleet.The as-yet unnamed vessel will be the first of the new Equinox 2.0 Class...
Yara agreement for ammonia-fuelled Gas Carrier study
(Posted on 07/06/21)NYK Line, Nihon Shipyard Co. Ltd. (Nihon Shipyard), and Nippon Kaiji Kyokai (ClassNK) have signed an MOU with Yara International* (Yara), Yara is a world leader in ammonia, with long experience and leading positions within global ammonia production, logistics and trade, to jointly study the practical application of an ammonia-fueled...
Norden raises full-year result expectations
(Posted on 07/06/21)Following continued strong performance in the Dry Operator business unit, NORDEN has raised its expectations for the full-year 2021 Adjusted Result to USD 110-160 million (approximately DKK 670-975 million), up from USD 75-125 million. The broad guidance range reflects expectations that are mainly based on unrealised future earnings...
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