BGN Signs JV With CCEC For First LNG Carrier, the AMORE MIO I
BGN Signs JV With CCEC For First LNG Carrier, the AMORE MIO I
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International Shipping News
15/04/2026
BGN, the 6th largest independent energy and commodities trading group, has successfully signed a long-term vessel charter agreement with an affiliate of Capital Clean Energy Carriers (CCEC), a recognized leader in the global shipping industry.
Under the agreement, BGN has partnered with CCEC in a joint venture company, BM Capital LLC, for the long-term charter and operation of LNG vessel, the Amore Mio I. This is BGN’s first long-term ownership of an LNG vessel, in a deal comprising a charter period of 10 years, with the option to extend by a further 6-years.
The Amore Mio I is a 2-stroke 174,000 cbm LNG carrier equipped with onboard reliquefication, shaft generators and compliant with IMO Tier III emissions standards.
BGN Shipping Director Ozan Turgut said: “We are delighted to enter into this landmark agreement with CCEC. This is a major milestone for BGN as we continue to invest
ABS and Alfred Maritime to Advance Fleet Operations and Safety for Cruise Vessels
ABS and Alfred Maritime to Advance Fleet Operations and Safety for Cruise Vessels
gCaptain
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April 15, 2026
ABS and Alfred Maritime GmbH have signed a memorandum of understanding (MOU) to explore technical projects that benefit cruise operators, vessels, crews and passengers.
The MOU establishes a framework for both organizations to collaborate across three key areas: fleet performance and health monitoring; maintenance optimization; and safety and emergency systems.
The collaboration brings together Alfred Maritime’s expertise in fleet performance management with ABS’ classification and safety leadership. By aligning digital insights with class?based processes, both organizations aim to reduce operational redundancies and streamline regulatory and maintenance activities, while strengthening safety frameworks to support more reliable cruise operations.
“ABS is committed to helping shape the future of cruise vessel safety, reliability and performance. We are pleased to join
The Swedish Club launches new guide to help seafarers manage stress in high-risk areas
The Swedish Club launches new guide to help seafarers manage stress in high-risk areas
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Marine Insurance P&I Club News
15/04/2026
The Swedish Club has launched a new crew guide, Managing stress in high-risk areas, available here: (Crew Guide), to support seafarers working under prolonged uncertainty and pressure. The guide has been developed as part of the Club’s Check Your Pulse wellbeing initiative and offers practical advice to help crews recognise and manage the effects of sustained stress while continuing to work safely on board.
Created in response to the pressures crews can face when operating in high-risk areas, the guide looks at how extended periods of heightened alertness can affect sleep, concentration, mood, decision-making and energy levels. It also provides straightforward steps seafarers can take on board, from staying connected with colleagues and limiting repeated exposure to distressing news, to using simple breathing and movement techniques to reduce tension.
Lorr
TraPac chooses ABB for new cranes and systems upgrade in Los Angeles terminal yard expansion
TraPac chooses ABB for new cranes and systems upgrade in Los Angeles terminal yard expansion
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International Shipping News
15/04/2026
Leading US-based container terminal operator TraPac has selected ABB and crane builder Kuenz, headquartered in Austria, to deliver nine new rail-mounted stacking cranes as part of a major expansion of its Los Angeles facilities. ABB will deliver design, installation and commissioning of electrical and control systems for the new rail-mounted stacking cranes from Kuenz. In addition, ABB will upgrade systems of existing stacking cranes.
TraPac container terminal in Los Angeles before expansion – image credit_TraPac
Amid growing demand for its services, TraPac is seeking not only to increase terminal capacity but also to ensure new and existing cranes function as a single, unified fleet.
OceanScore Pool-Price Index Market Commentary: April 2026
OceanScore Pool-Price Index Market Commentary: April 2026
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International Shipping News
,
Monthly OceanScore Pool-Price Index
16/04/2026
The OceanScore Pool-Price Index (OPX) for Compliance Balance 2025 continued its downward trend in April, reaching €196 per ton of CO
₂
e, marking a multi-month low.
This development occurs in the final month in which 2025 surplus can be used for compliance, ahead of the pooling deadline on April 30, 2026.
Continued Surplus Oversupply
Current market conditions are characterised by a significant oversupply of compliance surplus.
Available volumes in the market remain high, and it is increasingly evident that not all surplus will be absorbed within the current compliance period.
Banking into Future Compliance Years
Given current conditions, substantial volumes of surplus are expected to be banked into the 2026 compliance year and beyond.
This is likely to further increase available supply in future periods and reinforce downward pressure on pricing.
Imp
Rupee depreciation fuels incremental gains in India’s dry bulk export volumes
Rupee depreciation fuels incremental gains in India’s dry bulk export volumes
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Dry Bulk Market
,
International Shipping News
16/04/2026
I
ndia’s dry bulk exports, although modest in global terms, increased noticeably through 2025–26 alongside the depreciation of the Indian rupee. The trend broadly aligned with classical economic theory, although the response varied across commodities and regions. For dry bulk shipping, this translated into incremental cargo availability, particularly on regional trade routes.
A standard starting point in international economics is the Marshall–Lerner condition: the depreciation of a country’s currency tends to improve its trade balance if export demand is sufficiently price elastic.
Bureau Veritas releases new report on EU rules impact to shipowners
Bureau Veritas releases new report on EU rules impact to shipowners
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International Shipping News
16/04/2026
Bureau Veritas Marine & Offshore (BV), a global leader in Testing, Inspection and Certification (TIC), has released a policy report which details the impact that the integration of the RED III Directive will have on the maritime industry as Member States continue in their efforts to transpose its provisions into national legislation.
Following significant revisions to the RED in 2023, as part of the EU’s “Fit for 55” package, Member States are required to integrate RED III objectives into national law in order to achieve the binding renewable energy targets outlined in the directive. These targets require the entire transport sector, including the maritime industry, to evidence a 29% renewable energy share by 2030, or a GHG intensity reduction of 14.5% by 2030.
Julien Boulland, Sustainability Strategy Leader at Bureau Veritas Marine & Offshore
The directive sets an obligation f
First-ever global study reveals wind propulsion can cut fleet-wide emissions today but only with stronger policy action
First-ever global study reveals wind propulsion can cut fleet-wide emissions today but only with stronger policy action
in
International Shipping News
,
Shipping: Emission Possible
16/04/2026
A
landmark study commissioned by Seas At Risk, drawing on 1.74 billion kilometres of real voyage data, the equivalent distance from the Earth to Saturn, finds that wind propulsion could reduce fleet-wide fuel use by 6.3–9.4% with even greater potential when combined with other measures. By 2050, it could deliver up to 762 million tonnes of cumulative CO₂ savings. The gap is policy.
Until now, no study has assessed the decarbonisation potential of wind propulsion across the entire maritime fleet.
Ship Recycling Demand Picking Up
Ship Recycling Demand Picking Up
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Hellenic Shipping News
16/04/2026
T
he ship recycling market has picked up pace over the past week. In its latest weekly report, Best Oasis (
www.best-oasis.com
), a leading cash buyer of ships, said that in India, “Indian recyclers remain keen to acquire fresh tonnage, with currency movements offering some support to buyers, while softer steel prices continue to weigh on sentiment. Breakers are still showing interest, though bidding levels are not strong enough to match those currently being offered by their counterparts in Bangladesh.
India’s coal demand is rising, but high inventories are delaying imports, setting up a potential step-change in seaborne demand
India’s coal demand is rising, but high inventories are delaying imports, setting up a potential step-change in seaborne demand
in
Dry Bulk Market
,
International Shipping News
16/04/2026
India’s coal market shows signs of a demand–import lag, with recent flow data indicating the early stages of a potential shift. After several months of relatively soft seaborne volumes, import flows appear to have strengthened into March 2026, suggesting that the period of subdued buying may be ending and that inventory buffers could begin to draw down.
The underlying demand pressure is increasingly evident. Seasonal heat is driving an early rise in electricity consumption, while disruptions in global gas markets linked to heightened geopolitical tensions in the Middle East have constrained the availability and affordability of imported LNG.