EnergyHighPartialAccelerating
8.0
Hormuz shipping traffic plunges as Middle East attacks escalate
Middle East Eye·IR · AE · SA·3 days ago
The 'Oceana Frontier,' the world's first LNG-powered bulk carrier, docked at ArcelorMittal's Ghent facility, marking a first in maritime transport for the steelmaker. The vessel, part of a five-ship fleet, reduces CO2 emissions by ~23% per trip, saving ~500 tons of CO2 on a 2,700-nautical-mile voyage. This signals a shift toward LNG in bulk shipping, with implications for maritime fuel demand and emissions standards.