Urgent.News

What's breaking now, across thousands of outlets.

Business

Flexibility defines shipping’s fuel future

The maritime industry has spent the past decade debating which fuel will ultimately dominate the journey to net zero. According to DNV’s latest Maritime Forecast to 2050, however, that may be the wrong question entirely. The key message from the newly-released report message is not that LNG, methanol, ammonia, biofuels, or e-fuels will emerge as ...

We haven't written up this one. Hellenic Shipping News has the full story — the link below goes straight to it.

Read the original at hellenicshippingnews.com →

More in Business

Baltic Dry Index Rises to Fresh 2021-Highs

The Baltic Exchange’s dry bulk freight index, which tracks rates for ships carrying dry bulk commodities, extended its upward trend for a third session on Friday, climbing by 4% to a fresh high since…

  • Baltic Dry Index hits fresh 2021 highs at 3,628 points
  • Capesize index climbs 6.4% to 6,427 points since Dec 2023
  • Panamax index sees slight decline of 0.4% to 2,448 points

The Week in Alt Fuels: IMO talks resume amid policy divide

Divisions over the ambition, costs and fuel pathways of the IMO’s Net-Zero Framework continue as the GHG working group reconvenes for negotiations this week.

  • 22nd ISWG-GHG 22 underway in London to discuss IMO's Net-Zero Framework.
  • Liberia and Panama propose affordability-based GHG reduction targets.
  • US supports LNG and LBM as long-term shipping fuels.

Spot rates into US East Coast close in on Covid-19 peak while reliability deteriorates

The Xeneta Weekly Ocean Container Shipping Market Update provides data and intelligence including the latest freight rate and capacity movements across global trades with supporting insight from Peter…

  • Spot rates near record levels at US East Coast, 14% shy of Covid-19 peak
  • Middle East conflict and July surge drove rates up $1,000/FEU
  • European rates dropped 18%, Mediterranean rates fell 28% since July

More from Friday 4 September →