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Environment

Environment

Dorian LPG sees profits drop but declares first dividend

The liquefied petroleum gas carrier saw net profits for the second quarter of 2021 drop on the back of lower revenues. However, it has also declared a $1 dividend per share that it says will return over $40m to shareholders

IBIA sees limited trade impact from proposed EU bunker tax

The International Bunkering Industry Association said that while the European Commission’s recent climate proposals will increase complexities for shipping companies, key questions about their impact remain unanswered 

Container carriers face rising operational costs

Box lines are basking in record earnings. But while these may not last forever, costs will continue to rise even after the party is over

NYK issues $182m ‘transitional’ bonds

NYK says it will use the proceeds to finance renewable energy projects such as ammonia and hydrogen-powered ships, but also fossil fuel-powered assets such as LNG and LPG propulsion

Inmarsat sets tone for shipping’s digital decade

Interest in digitalisation has grown so fast over the past year that adding a few more satellites will not satisfy demand for long. Inmarsat’s newly unveiled Orchestra, an integrated capability, will avoid the need to continually reinvent the wheel

Ship carrying invasive insects ordered to leave US

A vessel anchored near New Orleans was ordered to leave the US after federal agents found wood infested with an Asian beetle that has been killing American trees for about a quarter of a century

The Lloyd’s List Podcast: What the EU’s climate goals mean for shipping

In the second part of a special extended edition of the Lloyd’s List Podcast, sustainability editor Anastassios Adamopoulos speaks with Faig Abbasov from the Brussels-based NGO Transport and Environment, and Sotiris Raptis of the European Community Shipowners’ Association, about the European Commission’s new environmental proposals for shipping

Inmarsat transforms connectivity to bring in the digital age

Chief executive Rajeev Suri says the network will integrate GEO, LEO and terrestrial 5G into one solution, enabling close-shore navigation for autonomous vessels and other benefits for maritime

Flag state willing to share data of accused oil-spill tanker

Investigations reveal circumstantial evidence the tanker was responsible for February oil spill that shut Israeli beaches

Insurance finds grey area for tankers in US-sanctioned oil trades

P&I coverage for more than 160 tankers shipping billions of dollars of sanctioned crude through some of the world’s busiest waterways ranges from a company with a GoDaddy website in Bulgaria to a Dubai-based club that retrospectively cancelled cover for one of its entered tankers involved in a serious oil spill

Shoddy casualty investigations putting lives at risk

IMO knocks back proposal to speed up casualty investigations, behind the scenes of the Lloyd’s Open Forum dispute, and how to train seafarers for a changing future

Union demands release of Wakashio crew

The trade union argues that holding the crew, who have not been charged, is unfair and unjust. They have been away from their families for two years

MAN Energy confirms engine for Maersk’s CO2-neutral methanol feedership

The 2,100 teu vessel will be built at Hyundai Mipo Dockyards and will be delivered in 2023. It will use MAN Energy Solutions’ dual-fuel engine to run on CO2-neutral methanol

MSC joins feasibility study for hydrogen-powered cruiseship

The three companies will collaborate over the next year to study how viable and efficient an oceangoing cruiseship powered by the zero-carbon fuel would be

MOL to develop deck cranes as sails

The project aims to reduce greenhouse gas emissions from vessels by unfurling a sail on the ship infrastructure, such as the triangular parts of existing cargo handling cranes, and use offshore winds to give additional propulsion

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