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Court ruling could result in major payout for CMB

Court ruling could result in major payout for CMB

by Mariska Buitendijk | Sep 12, 2024 | News, Shipping, Tankers

CMB has announced that most claims by FourWorld Capital Management regarding the takeover of Euronav were rejected by the Market Court in Belgium. At the same time, FourWorld is happy that the court agrees that the share price paid was too low and could result in an...
Rotterdam looks into shore power for tankers

Rotterdam looks into shore power for tankers

by Mariska Buitendijk | Jul 29, 2024 | Emissions, Energy transition, News, Ports, Tankers

As part of a CEF Study project co-funded by the European Union, Port of Rotterdam, in collaboration with the municipality of Rotterdam and various partners in the Port of Rotterdam, is conducting four feasibility studies for shore power. One of these researches the...
MOL launches Japan’s first methanol-fuelled coastal tanker

MOL launches Japan’s first methanol-fuelled coastal tanker

by Mariska Buitendijk | Jul 24, 2024 | Emissions, Energy transition, Marine fuels, News, Ship propulsion, Shipbuilding, Tankers

MOL Coastal Shipping held a naming and launching ceremony for a newbuild coastal tanker, the Daichi Meta Maru, on 4 July. It is Japan’s first domestic coastal vessel to use environmentally friendly methanol fuel. MOL Coastal Shipping is part of Mitsui O.S.K. Lines...
‘Tanker sanctions have had no effect on Russian oil exports’

‘Tanker sanctions have had no effect on Russian oil exports’

by Mariska Buitendijk | Jul 23, 2024 | Maritime regulations, News, Shipping, Tankers

Backlisting vessels by the OFAC and the European Union for breaching the Russian oil price cap has been successful in removing them from the fleet of ships exporting Russian crude oil, but it has had no impact on overall Russian crude oil exports, with more new ships...
Tanker acquires Green Award label with wind-assist tech

Tanker acquires Green Award label with wind-assist tech

by Mariska Buitendijk | May 9, 2024 | Emissions, Energy transition, News, Shipping, Tankers, WASP

The Chemical Challenger, a chemical tanker operated by Chemship, has become the first vessel to receive the Green Award GHG Label for CO2 reduction through the use of innovative wind technology. The installation of four 16-metre-high aluminium wind sails aims to...
Value Maritime and MOL team up to capture carbon

Value Maritime and MOL team up to capture carbon

by Mariska Buitendijk | Apr 23, 2024 | Emissions, Energy transition, News, Shipping, Tankers

Value Maritime (VM) will supply an exhaust gas cleaning system and carbon capture feature to Japanese shipping company Mitsui O.S.K. Lines (MOL) for an LR1 product tanker. At 75,000 DWT, this is the largest vessel, in terms of DWT, and the first LR1 tanker to sail...
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