Urgent.News

What's breaking now, across thousands of outlets.

Business

The Week in Alt Fuels: From promises to timelines

More concrete timelines are making ammonia bunkering look less like a pipe dream. But recent leaks underscore the safety concerns as plans move closer to reality. Chinese shipping firm Shenghang Shipping’s converted ammonia carrier has achieved operational readiness as a bunker vessel after receiving certification for ship-to-ship ammonia bunkering from China Classification Society. The 5,500-cbm…

The shipping industry is making significant strides in the development of ammonia bunkering technology, with several vessels already certified for ship-to-ship ammonia bunkering. The Shenghang Yongle, a converted liquefied gas carrier, has achieved operational readiness and is set to deliver liquid ammonia to other vessels through bunkering operations.

Several ports across Asia, Europe, and the US are planning to host ammonia bunker pilots, with Rotterdam and Singapore leading the way with expected deliveries in 2026-2027. Infrastructure developments, such as ammonia bunkering terminals and barges, are also being established to support the growing demand for this alternative fuel.

Despite the progress, safety concerns remain a major focus as the industry moves closer to commercial ammonia bunkering operations.

Brief written by urgent.news from Hellenic Shipping News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

Read the original at hellenicshippingnews.com →

More in Business

Drewry: World Container Index Up 1% Last Week

For many years, World Container Index (WCI) has been the go-to, independent, global reference for index-linked contracts.

  • Drewry World Container Index up 1% to $4,500 per 40ft container
  • Transpacific trade route rates increased 5% to 7%
  • Asia-Europe trade route rates declined 5% to 9%

GMS Week 38 – Freight Pays, Beaches Wait

Last week the risk spread west. This week the two chokepoints stopped taking turns. Saudi Arabia and the Houthisexchanged fresh strikes as fighting around Yemen’s Red Sea coast continued, while Iran’s…

  • Freight rates eased from previous highs in Week 38 of 2026.
  • Baltic Dry Index declined to 3,336 from 3,521 previous week.

Xeneta: Carriers Seize Opportunity As Freight Rates Head Towards Record Levels From Far East To US

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…

  • Freight rates from Far East to US West Coast and East Coast surged 324% and 325% since February.
  • Bunker prices may reach pre-pandemic levels, potentially impacting fuel surcharges.
  • Carriers adding 6-7% more capacity in September for Far East to US East Coast trade.

More from Friday 18 September →