Shipping Industry

Beans blown by the wind offer emission-free coffee

More and more companies are turning to wind-powered sailboats to enable low-carbon transportation and green coffee. Last December, the two-masted schooner Avontuur loaded 22 tons of organic Colombian coffee from the port of Santa Marta. With a crew of 16, it crossed the Atlantic over the course of two months …

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Beyond Energy, 5 ETFs to launch this year – June 21, 2022

2022 has been the worst for the stock market in decades as the S&P 500 index has been in bear territory for the past week. Decades of inflation, Russia’s invasion of Ukraine and tightening monetary policy have resulted in turbulent trade. While the energy sector shines, other sectors are caught …

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Hyundai’s autonomous ship is the first to undertake a transoceanic journey

This article is part of Future Explored, a weekly guide to world-changing technologies. You can get stories like this delivered straight to your inbox every Thursday morning by subscribe here. A main argument for autonomous vehicles is that they make roads safer by removing human error – by far the …

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Could declining freight rates reduce the price pressure on promotional products?

The essentials The recent rapid drop in ocean freight rates is unlikely to result in lower prices for promotional products, industry leaders say. Meanwhile, the “stock glut” and slump in demand some retailers are experiencing aren’t problems with advertising, suppliers report. Freight rates are falling dramatically According to available …

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Industry groups hail maritime reform passage after Biden criticizes ‘rip-off’

The American Trucking Association (ATA) and Consumer Brands Association (CBA) welcomed Monday’s passage of a new bill that will boost oversight of shipping and industry transparency. The Ocean Shipping Reform Act, which marks the first major overhaul of maritime regulations in 24 years, requires the Federal Maritime Commission to investigate …

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Trans-Tasman shipping could boost trade and jobs, Maritime Union says

Monday June 13, 2022 4:26 pmPress release: Maritime Union of New Zealand The Maritime Union says the election of a Labor government in Australia could offer potential benefits for trans-Tasmanian shipping. Craig Harrison, national secretary of the Maritime Union of New Zealand, says the reintroduction of Australian- and New Zealand-flagged …

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TAIFEX Launches Futures Tracking Taiwan’s Semiconductor, Shipping & Transportation Giants | Taiwan News

TAIPEI (Taiwan News) – The Taiwan Futures Exchange (TAIFEX) has unveiled two new futures tracking the motherboard’s most active semiconductor, transportation and shipping stocks, available for trading on June 27. The launch of Taiwan Semiconductor 30 Futures (SOF) and Shipping and Transportation Sector Futures (SHF) will allow investors …

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Should you use Star Bulk Carriers Corp. (SBLK) sell in the maritime shipping industry?

With a rating of 92, Star Bulk Carriers Corp. (SBLK) close to the forefront of the maritime shipping industry InvestorsObserver. Star Bulk Carriers Corp. Earnings out of 92 means it reaches more than 92% of the stocks in the industry. Star Bulk Carriers Corp. also received an overall rating of …

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HEMEXPO highlights need for collaboration in new IOBE marine equipment report

Thanasis Athanasopoulos, Vice President of HEMEXPO (Image courtesy of HEMEXPO) A new report from HEMEXPO, Greece’s leading association of marine equipment manufacturers and exporters for the international shipping industry, outlines the ambitious goals the association has set itself to support the education and training of the next generation of marine …

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The French shipping group CMA CGM stops transporting plastic waste on board its ships

In a decision considered historic for the shipping industry, French conglomerate CMA CGM – the third-largest shipping company in the world – has announced that it will protect the oceans and biodiversity from 1 January 2020. If other shipping companies follow suit, there will be a significant impact on use …

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Tax Free Foreign Exchange Earnings for Flagships on Maps

According to Treasury officials, the government has decided to grant tax exemptions to foreign exchange earnings of Bangladeshi-flagged seagoing vessels to earn US$3-4 billion a year from the upcoming fiscal year. Currently these local vessels have to pay 10% tax on their earnings. Ministry officials said the facility will remain …

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International Maritime Organization focuses on the safety of ships and seafarers in the Black Sea and Sea of ​​Azov – Marine / Shipping

To print this article, all you need to do is register or log in to Mondaq.com. The ongoing armed conflict between Russia and Ukraine has disrupted commercial maritime trade and stranded ships and their crews in the Black Sea and Sea of ​​Azov. This region has historically been …

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Posidonia 2022: Crucial issues for the shipping community on the conference agenda

The Posidonia international marine fair, one of the most important calendar events of the marine industry, is preparing to open its doors 6th of June In the Athens Metropolitan Expo. Running through June 10, the exhibition will offer delegates and hosts a much-anticipated platform for learning, sharing and networking after …

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Supply Chain: Tiger Logistics Launches Pricing Platform to Automate Supply Chain

MUMBAI: The international logistics and freight service provider (India) on Thursday announced it would launch a pricing and supply chain automation platform to ensure efficiency and transparency in the highly fragmented domestic shipping industry. The full-stack platform will offer cross-border solutions for ocean and air transportation, as well as first-mile …

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Eastern Pacific tests first plug-and-play CO2 capture on tankers

Pacific Cobalt will be the first tanker equipped with the plug-and-play approach to carbon capture (Eastern Pacific) Published May 17, 2022 20:29 by The Maritime Executive Singapore-based Eastern Pacific Shipping is trying to accelerate the decarbonization of the shipping industry …

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Marine species flee to cooler waters – A third could be at risk of extinction, according to Daily Editorials

Some of the worst damage being done today by human-caused climate change is happening in environments that humans never see. A new report warns that hundreds of marine species could disappear in the future as rising water temperatures cause oxygen to be leached from Earth’s oceans. Readers can be forgiven …

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The global weather forecast services industry is expected to reach $4.19 billion by 2030

DUBLIN, May 12, 2022 /PRNewswire/ — The “Weather Forecasting Services Market by Forecast Type and End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2021-2030” Report has been added ResearchAndMarkets.com Offer. According to this report, the global market size for weather forecasting services has been assessed $1.63 billion in 2020 and …

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Climeon introduces next generation WHR technology: HeatPower 300 Marine

Climeon’s latest waste heat recovery solution, HeatPower 300 Marine, was well received when it was unveiled to the industry at Seatrade Cruise Global in April. Developed by marine engineers for use in the maritime industry, the low-temperature waste heat recovery (WHR) system heralds a new era in sustainable shipping. What …

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Ocean Freight Forwarding Market Size to Grow by $10.78 Billion | 40% of the market growth is said to come from Europe

The sea freight forwarding market includes the following areas: Market size for sea freight forwardingSea Freight Forwarding Market ForecastMarket analysis for sea freight forwarding driver and challenge That growing global cross-border e-commerce market driving LCL volume is one of the key factors driving the growth of ocean freight forwarding market. …

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Sport collides with shipping in battle over proposed Oakland Ballpark

It’s finishing ninth in a clash between the shipping industry and baseball’s Oakland Athletics. With less than two years left on the lease at their run-down home stadium, the A’s face tough decisions in their year-long search for a new stadium this summer, including whether to move out of the …

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Bunker supplier Delta Energy introduces carbon offsetting in ARA and UK

Carbon offsetting is increasingly being seen by the shipping industry as a way to make near-term decarbonization progress. File Image / Pixabay marine fuel supplier delta energy has introduced a carbon credit counter and can now offer customers carbon offsetting Amsterdam-Rotterdam-Antwerp hub. Delta supports the growing ESG requirements of shipowners …

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Freight market volatility is the new/old normal

The Cass Freight Shipments Index shows broader areas of less predictability over the past six years Chart of the week: Cass Freight Shipments – United States SONAR: CFIS.USA After experiencing one of the most stable stretches in modern history from 2010 to 2015, the freight market was on a wild …

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Antwerp and Bruges become Europe’s largest export port

Together, the ports of Antwerp and Bruges are leaders in export, RoRo, natural gas, bulk liquid and containers (Antwerp stock photo). Published 04/28/2022 17:34 by The Maritime Executive The Belgian cities of Antwerp and Bruges have completed the merger of …

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4 Ways to Stay Motivated When Paying Off Debt

4 Ways to Stay Motivated When Paying Off Debt

Paying off credit cards and other debt can help improve your financial situation in major ways. You’ll free up the cash you were sending to your creditors and keep more of your money when you aren’t wasting it on interest. But while most people know it’s a good idea to …

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Meyer Group expands into cruise ship maintenance with Meyer Re

The MEYER GROUP founded MEYER RE to complement its core business, the construction of new cruise ships: As a new partner of cruise lines, the new company MEYER RE aims to maintain ships throughout their entire service life, to modernize them with sustainable solutions and to ensure optimized ship operations, …

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India’s exports recovered after Covid. But here’s how Modi’s government can achieve a $5 trillion economy

The Ministry of Trade and Industry recently announced that India has reached its goods export target of $400 billion in the current fiscal year. Despite Covid-related disruptions, such a steady export growth performance has propelled India’s economic recovery, averaging nearly $30 billion over the past 12 months. Exports grew at …

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MAN Energy is supplying ME-GI engines for CLdN’s new RoRo ships

MAN Energy Solutions has receive an order from the Luxembourg-based shipping group CLdN to supply ME-GI engines for two new roll-on/roll-off (RoRo) vessels. Under the contract, the company will supply four dual-fuel MAN B&W 6S60ME-GI engines for two 8,000 meter hybrid vessels. The 234 m long RoRo ships are expected …

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Hybrid electric biomass fuel carrier for ABB

One of the Japanese shipping industry‘s most significant initiatives towards net zero is e5 Lab Inc., a consortium consisting of Asahi Tanker Co., Ltd., Exeno Yamamizu Corporation, Mitsui OSK Lines, Ltd. and Mitsubishi Corporation, with the aim of developing regeneratively powered merchant ships. e5 Lab recently unveiled ROBOSHIP – a …

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NSML signs pact with NDA on maritime training | The Guardian Nigeria News

Apr 8 Nigeria is losing its seafarers to foreign employers due to strict working conditions such as deducting taxes and pensions in dollars. Apr 8 Download logo President Uhuru Kenyatta has reiterated the government’s commitment to continue to implement programs aimed at aligning Kenya’s military training with today’s security and …

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DSIC secures AiP from LR for vessels fueled with ammonia

The new bulk carrier will run on carbon-free marine fuel. Photo credit: Lloyd’s Register Group Services Limited. China-based Dalian Shipbuilding Industry Company (DSIC) has receive the approval in principle (AiP) of the British shipping classification society Lloyd’s Register (LR) for their ammonia fueled bulk carrier concept called Newcastlemax. LR leverages …

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Analysis of the impact of the Ukraine crisis on Taiwan’s semiconductor industry

As the war between Russia and Ukraine continues to escalate, some have questioned whether the Taiwan semiconductor powerhouse will be affected. However, since Russia is not a major market for Taiwan’s foundry industry, TrendForce notes that the direct impact of sanctions on Russia on Taiwan’s foundries is likely to remain …

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Truck drivers are feeling the effects of “enhanced” DPS inspections

PHARR, Texas (ValleyCentral) – Local business owners experienced hour-long traffic jams on the Pharr International Bridge on Friday. The Pharr Bridge has seen the immediate impact of Gov. Greg Abbott’s order for the Department of Public Safety to conduct “enhanced” inspections of all commercial vehicles at all ports of entry. …

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Ardmore Shipping: Maritime Partners and Element 1 have received Marine Money’s 2022 Deal of the Year award

“A first of its kind in shipping, and perhaps a first of its kind, period…” Ardmore’s $40 million 2021 offering with Series A funding of 8.5% was deemed by judges at this year’s Marine Money’s deal “artistic transaction” denotes year awards. The transaction between Ardmore Shipping, Maritime Partners and Element …

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Sea freight rates reach record highs

MEAT processors are grappling with another round of rising ocean freight rates for refrigerated and frozen containers leaving Australia this year, further eroding margins. “Freight rates for container exports have gone through the roof in recent weeks,” a disgruntled export processor told Beef Central this morning. “Costs have increased by …

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Egypt turns to Suez Canal to boost revenues

ISMAILIA, Egypt — As Russia’s war in Ukraine continues to put pressure on Egypt’s economic and financial health, Cairo has turned to the Suez Canal to help it deal with the crisis. The strategic waterway, one of the most important maritime arteries in the world, represents an important source of …

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Rising fossil fuel prices should not dampen optimism about the energy transition

Four months after COP26, the global energy picture has changed significantly – and not in the direction that COP negotiators had hoped. Far from declining, global coal consumption rose to record levels during the winter, leading to a spike in emissions. And that was before …

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Carbon pricing and cross-border carbon leakage in international transport

Climate change has received a great deal of nervous attention around the world lately. Some countries and regions have introduced carbon pricing such as carbon taxes and emissions trading as countermeasures against global warming. However, there are concerns about cross-border carbon leakage when a country introduces carbon prices. Even if …

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Forego the Jones Act to get the supply chain running again

When we were in the Trump administration at the Council of Economic Advisers, New England was being hit by a polar vortex. Our staff estimated that the cold was forcing Americans to spend hundreds of millions of dollars more on natural gas from other countries. How could the US be …

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Cargo shipping market – Big tech giants in turmoil again

Global Freight Shipping Market (Pre-Post-Covid-19) Size and Forecast Analysis to 2030: The Global Cargo Shipping research report on the Cargo Shipping Market is the product of a brief review and an exhaustive analysis of the realistic data collected from the Global Cargo Shipping Market 2022. The data was collected on …

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Media support crucial to the success of the maritime industry

Mr Emmanuel Jime, Executive Secretary of the Nigerian Shippers’ Council (NSC), has stressed the need for media support in efforts to reposition the shipping industry to meet stated goals. “We need to build a strong partnership with the media. This is very critical to our success in the maritime industry …

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Lawmakers are demanding the repeal of the 100-year-old law that made US gas transportation more expensive

Lipow Oil Associates President Andy Lipow argues that domestic oil production will increase despite President Biden’s energy policies. After Biden this week banned Russian oil imports over Putin’s invasion of Ukraine, lawmakers are asking the president to abandon the Jones Act, a centuries-old law that critics deride as protectionist because …

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24 seafarers at SLPA’s Mahapola Ports & Maritime Academy complete their training – The Island

To support the nation’s efforts towards organic farming A. Baur & Co. (Pvt.) Ltd., also known as Baurs, is a name recognized for pioneering work in the agricultural landscape of the country, recently supported a team of organic farming experts from Switzerland who revisited Sri Lanka in early February. The …

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Russian ministry recommends suspension of fertilizer exports

Russia could suspend exports of fertilizers, state news agency TASS reported, a move that would take much of the world’s supply off the market. The Ministry of Industry and Trade has recommended suspending fertilizer exports until normal transport services to and from Russia resume, TASS reported on Friday. The ministry …

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Drugmakers and device makers say sanctions could hamper Russia’s medical supplies

March 3 (Reuters) – Western drugmakers and medical technology companies warn their plans to continue selling products to Russia could be hampered by economic sanctions targeting the country and its big banks as punishment for Moscow’s invasion of Ukraine. Sanctions imposed on Russia by the United States, Britain, Europe and …

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Acquisition of CMS GlobalSoft by FOG Software Group

CMS will continue to operate as an independent division of FOG Software Group within its supply chain and logistics portfolio. Not only do they have extensive experience in the shipping industry; They share our commitment to excellent customer service and our focus on advancing supply chain technologies.” — Wil Fekeci …

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UK considers banning Russian ships from UK ports | shipping industry

The UK government is considering barring Russian ships from calling at British ports after it was revealed that a Russian oil tanker is due to dock in Orkney this week. The NS Champion, operated by Sovcomflot, a major shipping company majority-owned by the Russian state, is scheduled to dock at …

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Offshore wind power could power the hydrogen economy

File image courtesy of Orsted Published 02/25/2022 23:21 by The Maritime Executive Offshore wind farms have the potential to become future production hubs for green hydrogen, a development that could be accelerated by the maritime industry’s acceptance of the clean …

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CMA CGM launches global biofuel study

The six-month global test opened on Wednesday with the refueling of the 10,640 teu APL Paris in Singapore. The bunkering operation, with support from the Maritime & Port Authority of Singapore (MPA), was carried out in parallel with container loading and unloading at PSA Singapore. The six-month trial will involve …

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Windward launches AI-powered ocean freight visibility solution that leverages data-driven insights and over a decade of maritime expertise to solve supply chain visibility challenges

LONDON, February 22, 2022 /PRNewswire/ — windward (LSE: WNWD), the predictive intelligence company using AI to transform global maritime trade, today announced its Sea Freight Visibility Solution. The new solution enables shippers to improve efficiency and scalability through automated data collection and analysis that provides real-time accurate ETA predictions, disruption …

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Enforcement of business friendliness in the Port of Matnog

Last of 2 parts Next, we believe that the Maritime Industry Authority (Marina) should have a more defined and prominent role in drafting policies and guidelines with the shipping companies in the port of Matnog to ensure they work with the government to manage the situation in the port to …

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DOJ on collusive price gougers exploiting supply disruptions: We’ll prosecute you | Holland & Knight LLP

The US Department of Justice (DOJ) announced an initiative on February 17, 2022 to investigate and prosecute individuals and companies engaged in collusion related to supply chain disruptions. To protect American consumers from a potential spate of illegal prices, the DOJ’s Antitrust Division and the FBI will prosecute “those who …

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Digital milestone as Future International Trade Alliance formed with DCSA, BIMCO, FIATA, ICC and SWIFT

The parties have signed a memorandum of understanding (MoU) to form a new alliance for a major step forward in digital standardization in the maritime industry. DCSA, along with its nine member airlines, announced the formation of the Future International Trade (FIT) Alliance with the signing of a Memorandum of …

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Vacation ships on the Great Lakes

Thunder Bay residents can expect travelers arriving on passenger ships starting in May. THUNDER BAY – Beginning in late May, the Thunder Bay cruise port will be bustling with travelers arriving on Viking Expeditions’ passenger ships Viking Octantis and American Queen Voyages’ Ocean Navigator. Paul Pepe, the city’s tourism manager, …

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Kuehne+Nagel and Aker Clean Hydrogen establish supply chain for green fuels

(file photo) Published 02/11/2022 19:43 by The Maritime Executive One of the challenges facing the shipping industry as it transitions to alternative fuels is ensuring consistent supply along global trade routes. Maritime logistics provider Kühne+Nagel and fuel manufacturer Aker Clean …

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S&P Global Platts launches LNG-powered TCEs, Newcastlemax Weighted Index

SINGAPORE, February 10, 2022 /PRNewswire/ — S&P Global Platts (“Platts”), the leading independent provider of information, analysis and benchmark pricing to the commodity and energy markets, has released Time Charter Equivalent (TCE) ratings for 209,000 tdwt Newcastlemax bulk carriers Class introduced LNG as bunker fuel on six key routes and …

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Supply side: Focused technology solutions; Nexxiot

Written by Marybeth Luczak, Editor-in-Chief FTS Tools LLC, a new company based in Lynchburg, Virginia, will sell and market battery powered trail maintenance tools for Focused Technology Solutions. Focused Technology Solutions Inc., a Marmon/Berkshire Hathaway company, has entered into a sales license agreement with FTS Tools LLC. And Nexxiot …

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EU carbon tax puts a price on shipping emissions | News | eco business

Ships emit around a billion tons of greenhouse gases every year, or 3 percent of global emissions. If it were a country, shipping would be the sixth largest polluter in the world, according to the World Economic Forum. Without further action, shipping emissions are expected to achieve that 90-130 percent …

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Increasing use in the auto industry, marine industry and railroad construction is driving industry growth around the world – Cleveland Sports Zone

[91 Pages Report] Welding Clamps Market Insights 2022 This report provides welding clamps market size and forecasts in China, including the following market information: China Welding Clamps Market Revenue, 2016-2021, 2022-2027 (Million USD) China Welding Clamp Market Sales, 2016-2021, 2022-2027, (K Units) China’s 5th largest welding clamp companies in …

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If you hold shares in Star Bulk Carriers Corp. (SBLK) hold on Thursday morning?

Star Bulk Carriers Corp. (SBLK) is lower on Thursday morning, with the stock shedding -1.85% to 23.3 in premarket trade. SBLK’s short-term technical score of 95 indicates that the stock has traded more bullishly than 95% of stocks on the market over the past month. In the shipping industry, ranked …

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Hapag-Lloyd recently reported extraordinarily strong results

Hapag profits more than quadrupled in 2021 (file photo) Published February 1, 2022 17:04 by The Maritime Executive Hapag-Lloyd was the next major airline in the container shipping industry to report record results, continuing the tone of exceptional results from across the industry both in the fourth quarter and throughout …

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China Covid-Zero Disrupts Supply Chains, Impacts Global Recovery: HSBC

China’s zero-Covid restrictions will impact global supply chain recovery as any small disruption in the country is likely to cause “ripple effects” around the world, according to HSBC’s head of shipping. The pandemic has shown “how lean the supply chain has become. And there’s little margin for error,” said Parash …

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Cookbooks overboard? A shipwreck delays two major releases.

Have you been looking forward to making a fried bologna sandwich with crispy pickled potato chips? Or conjure up devilish egg tostadas with salsa macha? You may have to dive to the bottom of the Atlantic Ocean. There may be copies of the Turkey and the Wolf cookbook, named after …

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Merchant Mariner acquires Annapolis Tour Boat Company

Omnipresent around the Port of Annapolis, the Annapolis Watermark cruise and travel company celebrates its 50th anniversaryth Anniversary this year under new owners and with a new president. Watermark President Debbie Gosselin retired on January 1 and the company is now run by a young couple from Annapolis, Jake Iverson …

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Seanergy Maritime provides guidance on TCE and EBITDA

Seanergy Maritime offers orientation on TCE and EBITDA January 24, 2022 – Glyfada, Greece – Seanergy Maritime Holdings Corp. (the “Company” or “Seanergy”) (NASDAQ: SHIP) has upgraded its fourth quarter 2021 time charter equivalent (“TCE rate”) forecast and provided preliminary TCE forecast for first quarter 2022 and EBITDA -Forecasts for …

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More than $1 million was raised to help cover costs for the vaccine convoy protest

A movement called Freedom Convoy 2022 is only a week old, but the organizer of an Alberta fundraiser in support of the event has raised more than $1.4 million for the effort. The campaign was launched by Tamara Lich, a Medicine Hat woman who says she opposes federal government rules …

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United Marine Agencies – Supplements

TEXT: It is my pleasure to contribute to the development of Japan-Pakistani relations, especially at this very important time of the celebrations in 2022 marking the 70th anniversary of the establishment of diplomatic relations between Japan and Pakistan. Since the beginning of our warm relationship in 1952. Development cooperation between …

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US Global Investors Announce – GuruFocus.com

SAN ANTONIO, TX, January 19, 2022 (GLOBE NEWSWIRE) — US Global Investors, Inc. ( GROW) (“the Company”), a registered investment advisory firm focused on specialized markets around the world, is pleased to announce that its US Global Sea to Sky Cargo ETF (SEA) will be traded on the New York …

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Airline CEOs warn 5G could strand thousands of travelers and wreak havoc elsewhere

See what’s clicking on FoxBusiness.com. Airline CEOs are calling for keeping 5G out of airports. CEOs of several airlines warn that the implementation of 5g could cause serious disruption to their service and potentially leave thousands of travelers stranded. This is due to a recent FAA finding that 5g could …

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Dry Cargo Transport Market, Key Player, Analysis, Type and Business Opportunities, Current Trends, Forecast to 2030

Bulk Carrier Market: Information by Type, Application & Geography – Forecast to 2030 NEW YORK, NEW YORK 10013, UNITED STATES, Jan 14, 2022 /EINPresswire.com/ – Overview of the bulk transportation market: The Dry Bulk Market is projected to be valued at $ 5,479.71 million by 2030, which is a 4% …

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Zim could give up the Israeli flag due to a tax dispute

After years of losses Zim Integrated Shipping Services Ltd. (NYSE: ZIM) is now making profits, and the company has immediately started discussions with the Israeli tax authorities and the Treasury Department about the tax rate it should pay. Company sources have sent a “message” to Treasury Department officials that if …

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Genting’s German shipyard files for bankruptcy

Cruise ship Global Dream earlier under construction at MV Werften (MV Werften) Posted on January 10, 2022 3:19 PM by The maritime executive The German shipyard Genting Hong Kong filed for bankruptcy on January 10 after the Malaysian parent company and German officials failed to reach an agreement on the …

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The hottest cruise lines in the fourth quarter of 2021

Photo credit: muratart / Shutterstock.com. Ship Technology has listed five of the top rated companies in Twitter-related cruise-related discussions, based on research from GlobalData’s Travel and Tourism influencer platform. The top companies are the most featured companies in the Twitter discussions of 150+ cruise professionals tracked by GlobalData’s Travel and …

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Australian opposition promises strategic naval fleet

PHOTO CREDIT: Offshore Energy The Australian Labor Party (ALP) has presented a plan to build an independent strategic fleet of ships under the Australian flag and crew. The aim, according to the ALP, is to restore Australia’s domestic shipping sector and ensure national trade and shipping capacity in times of …

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Classic energy-saving device reaches Guinness world record

Courtesy of MOL Tech Posted on January 3, 2022 12:47 AM by The maritime executive An energy-saving device developed by MOL three and a half decades ago, which was attached to the propeller of ships, has entered the Guinness world records as a worldwide bestseller. The Japanese Mitsui OSK Lines …

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The supply chain crisis is expected to extend into 2022

If you thought the shipping crisis was over, think again. As we head into 2022, Aussies should expect longer delays, fewer products, and rising prices. If you thought the shipping crisis was over, think again. By early 2022, Aussies should expect longer delays, fewer products, and soaring prices, affecting everything …

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What impact will COP26 have on the shipping industry?

C.OP26 – the UN Climate Change Conference – took place in Scotland in October / November 2021. Some observers, including many environmental lobbyists, said that overall it had not been possible to set sustainable climate targets. From our perspective here at ParrisWhittaker, a leading shipping law firm in the Bahamas, …

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The hydrogen-powered ferry premieres in San Francisco

The future of sea travel could be here – and it could help save the planet. For more than a century, residents have been traveling across San Francisco Bay on ferries that run primarily on diesel – a fossil fuel that warms the planet. But now the first hydrogen-powered passenger …

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“The military is much more entrepreneurial than people think” – How 2 veterans help other former military personnel transition into civilian life

Career transitions are difficult for everyone, but moving from the military to civilian life can be particularly challenging. Soldiers returning from the Vietnam War were too often treated as damaged goods by employers, according to a study by Alair MacLean, a sociology professor at Washington State University in Iraq and …

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Biden turns to antitrust authorities to fight inflation

But, Maffei said, the antitrust focus has given the commission tools and confidence to investigate other abuses by shipping lines now and in the future when demand plummets and companies may be tempted to keep their freight rates artificially high. “I think it has increased our credibility with companies and …

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Ooi Lean Hin, Managing Director of MTT Shipping

From 2010 with very modest capital, MTT shipping has quickly grown from a novice to a leading container operator in Malaysia, dominating a large market share in East Malaysia. As Managing Director of MTT Shipping, Ooi Lean Hin is involved in almost every aspect of the maritime and logistic business. …

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2021: the famous year of shipping

Always given to block the Suez Canal (Blacksky) Posted Dec 21, 2021 2:31 PM by Brian Gicheru Kinyua In his new book Outside the box, Marc Levinson aptly defines our modernity as the “age of things”. We literally populate the four walls that we call our home with furniture, electronics …

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Bp, Maersk Tankers Complete Marine Biofuel Tests

The tests were carried out on product tankers that were time chartered by Maersk Tankers to bp. Photo credit: searaveller / Pixabay. London-based energy company bp, together with Maersk Tankers, has completed trials of marine fuel mixed with biofuels in product tankers. The tests were carried out on product tankers …

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Looking for solutions to the global supply chain crisis

PHOENIX – It’s holiday season, but not everyone is happy and cheerful. That’s because this year Christmas shoppers are paying higher prices and seeing a few more empty shelves due to a “global supply chain crisis” – a phrase that has become all too familiar in dinner conversations. And as …

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Diverse times | Info spectrum: Climate, Covid and raw materials are the “new three Cs” of maritime risk

With a view to 2022 and beyond, Infospectrum emphasizes the “Three Cs” of creditworthiness (character, capacity and capital) in a context and highlights the collective and increasing relevance of the “New Three Cs”, namely climate, Covid and raw materials for the maritime Risk: The uncertainty and volatility associated with these …

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Golar announces the signing of the terms of use for separation

Golar is proud to found Cool Company Ltd. (“CoolCo” or “Company”) and the conclusion of a pre-contractual agreement (the “Terms of Use” or the “Agreement”). CoolCo aims to become a growth vehicle and consolidator of modern LNG carriers, providing investors with direct market exposure to the expected continued strength of …

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A quarter of the tankers ordered will use LNG fuel, Gibson says

First LNG-powered VLCC is built for COSCO (Dalian) Posted Dec 13, 2021 5:09 PM by The maritime executive As a further sign of the increasing acceptance of LNG and dual-fuel ships in the shipping industry, tanker operators are increasingly ordering dual-fuel power plants for their newbuildings while preparing the first …

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World Logistics Passport expands to China for the first time

The World Logistics Passport (WLP) enters China for the first time by signing a letter of intent with the state-owned Fujian Port Group, which is joining the freight loyalty program as a partner. The WLP has also agreed to join the Chinese Silk Road Maritime Alliance. The WLP will give …

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Emirates News Agency – UAE wins IMO Council Category B membership for the third year in a row

DUBAI, December 10, 2021 (WAM) – The United Arab Emirates were elected to the Council of the International Maritime Organization (IMO) in Category B for the third time in the run-up to the elections after extensive efforts and an intensive election campaign. Through its pioneering initiatives, the country continues to …

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Shipping leads the way | Seatrade Maritime

We changed the discussion from “Can We Resist Corrupt Demands” to “Here Are Effective and Proven Ways To Promote Change”. For an industry that is often divided, we have shown what can be achieved together – on one of the most challenging topics in society. MACN’s operating model and success …

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China introduces new state logistics giant

The State Asset Supervision and Administrative Commission (SASAC) and China Chengtong Holdings Group each hold 38.9% of the shares in the new company, the three strategic investors, China Eastern Airlines, Cosco Shipping and China Merchants Group, Hold 10%, 7.3% and 4.9% of the shares, respectively. The newly established group, merges …

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It’s time for Pittman to get paid

Feel-good moments in football cost money, and people feel really good about razorback football in particular. It is well documented that when he was hired, Sam Pittman was so overwhelmed by the idea that Arkansas track and field director Hunter Yurachek was ready to make him the new head coach …

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Supply chains interrupted: How Singapore and the world deal with disruptions, Economy News & Top Stories

Retailers in S’pore vie to replenish festive stocks With just three weeks to go before Christmas, retailers are running to replenish their stocks of festive items while battling the supply chain crisis. While many are still sweating about whether their goods will arrive in time to reach the Christmas shoppers, …

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Global Ship Lease (NYSE: GSL) returns are not growing

Finding a company with significant growth potential is not easy, but it is possible if we look at some key financial metrics. A common approach is to find a company that returns on capital employed (ROCE), which is combined with a growing be of the capital employed. When you see …

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Former Costa cruise ship next to arrive at Scrappers

Antares Experience on the Way to the Breakers (Gadani Ship Breaking Yard) Published November 30, 2021 2:59 PM by The maritime executive The next classic cruise ship to arrive at the breakers is a vintage 1990s ship built for Costa Cruises but sold by Carnival Corporation when the company accelerated …

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Design burnout? Warehouse and shipping workers pay the hidden costs of the holiday season

What does christmas mean? For many, it’s about feasting, family and napping while watching cricket. But for e-commerce giants like Amazon, Christmas is the most lucrative time of the year. During the 2020 holiday season, Amazon processed more than AUD 6.6 billion in sales. And for the warehouse and dispatch …

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DP World presents two major Maritime Standard Awards

DP World, the leading smart trade enabler, was named Terminal Operator of the Year and The Technology / Innovations at the eighth annual Maritime Standard Awards. The award ceremony took place on November 22nd, 2021 under the auspices of HH Sheikh Ahmed Bin Saeed Al Maktoum, President of the Dubai …

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Net zero target 2050 rejected by IMO member states

IMO headquarters, London. Photo credit: Ship & Bunker A proposal for the shipping industry, a goal of net zero -Emissions up to 2050 appear to have been rejected by member states this week 77 Meeting the IMO Committee for the Protection of the Marine Environment (MEPC77). The aim of the …

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Greece goes green with the goal of leading the global decarbonization of shipping

Greek Prime Minister Kyriakos Mitsotakis said his country is pushing the green transformation of its economy to become a world leader in decarbonizing the shipping industry. Mr Mitsotakis, who became prime minister in July 2019 after a landslide election victory that made him head the country’s first majority government in …

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The holiday season is a great test of Biden’s economy

Black Friday this week will be a crucial start for President BidenJoe BidenBiden speaks in the business world on Tuesday, with the Fed pick imminent as the U.S. economy struggles to shake off the borders of the coronavirus pandemic. COVID-19 stifled the regular 2020 Christmas boom, but retailers and manufacturers …

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“I can’t see anything positive”: Return of cruise lines could spark a storm of protests in Australian regional ports | Tourism (Australia)

As a teenager, Dylan Boag couldn’t wait to move to town, but when he finally got there all he could think of was returning home to the pristine waters of Jervis Bay, 200 km south of Sydney. Today the 30-year-old runs an eco-tourism company with his partner Lara Hindmarsh in …

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