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Finance & Markets

UK Natural Gas Prices Hover Near 2022 High

UK natural gas prices fell to 213 pence per therm on Wednesday, but remained near their highest levels since 2022, as Middle Eastern LNG exports remained constrained and gas storage levels were still low. Although countries including the US, Canada, and Nigeria have increased LNG exports, curtailed supplies from the Persian Gulf has intensified competition ...

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

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Korean shipbuilders push wind-assisted propulsion to decarbonize LNG and container fleets

As the International Maritime Organization (IMO) tightens its carbon-reduction rules, more ships are adopting wind-assisted propulsion systems (WAPS) that use wind as thrust.

  • Korean shipbuilders lead wind-assisted propulsion (WAPS) adoption to decarbonize fleets.
  • HMM and Wooyang Shipping charter eight and four 210,000-ton bulk carriers with rotor sails.
  • Maersk installs WAPS on first container ship, reducing fuel consumption by up to 10%.

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