Maritime Vessels Directory

A group of partners in Europe aims to use battery containers on board barges to supply environmentally friendly fully-electric propulsion in lieu of diesel for inland waterway shipping.Supported by the Dutch Ministry of Infrastructure and Water Management, the concept is being spearheaded by the Zero Emission Services B.V. (ZES), a consortium including technology group Wärtsilä, ING Bank, energy and technical service provider Engie and the Port of Rotterdam Authority. The project will launch first in the Netherlands, where inland navigation accounts for 5% of carbon dioxide (CO2) emissions.

Stena Line is 10 Years Ahead of IMO Emissions Goals

57 minutes ago

Ferry shipping company Stena Line reports it is 10 years ahead of international shipping's emissions reduction targets thanks to measures such as new, larger and more energy efficient vessels, AI assisted captains and an increased punctuality.The Sweden-based operator says that during 2019 it reduced its total CO2 emissions 1.7 %, corresponding to 24,000 metric tons of CO2 in total, while CO2 emissions per transported ton freight and passenger vehicles on board the vessels fell 3.6%.The company notes in its newly published sustainability overview report that it already meets the International Maritime Organization (IMO) targets for 2030 of a 40% reductions in CO2 emissions efficiency from

Dalian Exchange Calls for 'Rational' Iron Ore Trade

an hour ago

China's Dalian Commodity Exchange on Tuesday asked members to act "rationally" in iron ore futures trade after prices for the steelmaking ingredient held above $100 per tonne."The iron ore market has been facing many uncertainties recently," the Dalian bourse said on its website, adding that it would strengthen investigations and strictly crack down on any irregularities.Dalian's most traded iron ore futures contract, for September delivery, has jumped more than 8% since May 26 on concerns of tight supply from Brazil.It closed at 757 yuan ($106.62) per tonne on Tuesday.($1 = 7.

Gunvor Returns to Profit in 2019

an hour ago

Energy trader Gunvor Group returned to profit in 2019 after its first net loss a year earlier, helped by record earnings in its U.S. division, and said business so far in 2020 remained strong.The Geneva-based firm, which reported a 2019 net profit of $381 million after a loss of $330 million in 2018, said on Tuesday it was also helped last year by earnings from gas trading and its European refining business.But the group, one of the world's top five oil traders, said revenue dipped to $75 billion in 2019 from $87 billion in 2018.Gunvor, which launched its U.S. business in 2017, reported a record performance by its trading operations in Houston, Texas and Stamford, Connecticut.

EIZO ECDIS Monitors Secure LR Type Approval

2 hours ago

As part of the European Union (EU) Recognized Organization (RO) Mutual Recognition Type Approval scheme, EIZO Corporation has been awarded type approval from Lloyd’s Register (LR) for its 19- and 25.5-inch maritime monitors for an Electronic Chart Display and Information System (ECDIS) with radar applications, the first European certificate for electrical equipment in Japan.The EU RO Mutual Recognition Type Approval scheme covers type approval certification on selected components and equipment for which mutually agreed technical requirements have been developed and agreed by all stakeholders in the EU RO Group, ensuring consistency for different types of equipment.

Maritime Reporter and Engineering News (May 2020)

Fleet Management