Wilhelmsen Ship Management has welcomed the latest methanol dual-fuel Shaper Class pure car and truck carrier (PCTC) to its managed fleet. The Royal Tern follows the delivery of the Arctic Tern that was completed in July. In addition to its methanol dual-fuel propulsion, the Royal Tern features a range of technologies designed to support energy efficiency and environmental performance, including an air lubrication system, energy storage battery system and AMP shore power connection. ‘We wish Royal Tern and her crew fair winds and following seas,’ Wilhelmsen Ship Management said in a social media post today (19 October). As previously reported by […]

The European Shipowners | ECSA has released a new study calling for the number of EU Allowances (EUAs) available to the shipping industry under the proposed Sustainable Maritime Alternative Propulsion (SMAP) mechanism to be tripled from 110 million to 330 million. SMAP is a new maritime funding mechanism, proposed as part of the EU ETS revision, that would reserve up to 110 million EUAs, estimated to be worth approximately €15 billion, for maritime decarbonisation. Shipping companies could claim EUAs based on their use of eligible fuels and technologies in the previous year and then sell them or use them to […]

The initial public offering (IPO) for Nigeria’s Dangote Petroleum Refinery is set to close on Tuesday next week (27 October). The IPO, which Dangote described on LinkedIn yesterday (18 October) as ‘Africa’s largest single IPO and the first public offering by a Free Zone Entity in Nigeria’, was set to close last Tuesday (13 October) but was extended by a fortnight in order to ‘give investors in other African countries time to take part’. The group claims that the IPO has attracted ‘investors from more than 90 countries, including 51 of Africa’s 54 nations’, but it has not disclosed how […]