The explosion in freight rates can no longer be absorbed in the smallest shippers' transport budget. Cobi Rehab is one of the companies that is seeing its finances strained. Meanwhile, the situation in Yantian is getting worse, with ensuing consequences for each passing day.
A planned US methanol factory, with tanker company Hafnia as a co-investor, has been put on hold amidst an environmental appeal. The company behind the factory is in the process of developing "other climate projects" with its partners. Hafnia confirms involvement.
A consortium of large companies such as Bunker Holding, Wärtsilä, Holder Topsøe and Ørsted will explore the possibilities for using Bornholm, a Danish island in the Baltic Sea, as a "green gas station".
The Sri Lankan government has made the first compensation claim against X-Press Feeders, owner of X-Press Pearl, which burned and sank off the Sri Lankan shore three weeks ago. This is only the initial claim, says chair of the Marine Environment Protection Authority to ShippingWatch.