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Cargill, Huntsman, Unipec to End Use of Fuel-Inefficient Vessels

Agricultural firm Cargill, a major charterer of dry-bulk ships, Hunstman Corp., and Unipec, a unit of China’s biggest oil trader, will no longer use the most fuel-inefficient vessels in an effort to reduce carbon emissions. The industrial shippers, which combined charter more than 350 million metric tons of commodities each … Read more »

Hyundai, APL Hull to Boost Container Ship Fuel Efficiency 20%

Global shipping company APL, Hyundai Heavy Industries and DNV collaborated to develop a hull that the companies say will make ultra-large container ships 20 percent more fuel efficient, per twenty-foot equivalent unit (TEU), than existing designs. The hull design, which will be used in APL’s 10 new container ships, has … Read more »