Svitzer: Tug speed reduction program saves 1,000 tonnes of CO2 Maersk Group global towage operator Svitzer reports that its Aim for 8 speed initiative has successfully prevented 1,000 tonnes of CO2 from being emitted into the atmosphere. The initiative asks tug crews
Seacat Services takes delivery of first BARTech 30 CTV BAR Technologies yesterday handed over the first of its revolutionary new BARTech 30 crew transfer vessels to leading offshore energy support vessel (OESV) operator Seacat Services. As part of a ceremony at
TotalEnergies and COSCO in box ship biofuel bunkering first TotalEnergies Marine Fuels has completed its first bunkering of a containership in Singapore with sustainable marine biofuel. The operation, which involved the 4,250 TEU COSCO Houston, was also COSCO Shipping Lines' first
ABB solutions selected for Van Oord mega WTIV The mega wind turbine installation vessel (WTIV) on order for Van Oord at the Yantai CIMC Raffles Shipyard in China will have an ABB integrated power, automation and propulsion system. The vessel,
IMO: What comes after MEPC 78? The World Shipping Council (WSC), which represents the liner shipping industry, is turning its attention to the mid-term shipping decarbonization measures that will follow the short-term measures agreed at IMO's MEPC 78.
Corvus Energy to supply ESS for Olympic CSOV duo The two Twin X stern offshore wind CSOVs recently ordered at Norway's Ulstein Verft by Olympic Subsea ASA will have Corvus Energy energy storage systems (ESS). The vessels will have a variable
Colonna's wins $32.2 million NAVSEA contract Colonna's Shipyard Inc., Norfolk, Va., has been awarded a $32,222,891 firm-fixed-price contract for the completion of the Chief of Naval Operations docking service craft overhaul availability under the Shippingport Auxiliary Repair Dry
Maersk's reefer business sale to Chinese box maker blocked by antitrust regulators Objection from US and German antitrust authorities has killed the deal which would have strengthened CIMC's position in making reefer...
Methane emissions on LNG-fuelled ships can be 'negligible' from 2024, says Shell Industry funded study shows on a well-to-wake, or life cycle analysis, methane emissions accounted for as much 16.7% of greenhouse...
Frontline flips to profit as tanker rates rebound 'We have over the past several quarters pointed to what we believe will be a cyclical upturn for tankers, and...
Service more important than low premiums for P&I buyers, survey finds Quality of claims handling seen as top reason to enter tonnage with clubs, according to research from leading broker
Fintech aims to reboot lending to shipowners "We don't believe old-fashioned ship finance can continue in the long run. We saw the banks pulling back and tried...
Inflation threatens to end container demand party Economic uncertainty is adding to geopolitical tensions to make for an uncertain market. Box shipping could see volumes contract further...
Asset values of 10-year-old VLCCs hit $59m Average asset values of 10-year-old aframax tankers have risen by 39% since January to $39m. VLCCs are up by 21%...
Golden Ocean optimistic for capesizes despite plunge in spot rates While spot rates have slumped to below $4,000 per day, Golden Ocean has secured coverage for some of the third...
Opposing sides dig in at Felixstowe Both sides of the pay debate at Felixstowe have hardened their positions. Meanwhile, in Germany negotiation has led to a...
LNG carrier owners look to increased demand for further boost As Europe scrambles to find sources of liquefied natural gas to diversify away from Russia, LNG carriers and FSRU demand...
Cosco Shipping tries out biofuel on boxship This marks the first occasion that Cosco Shipping has used this type of low-emission fuel on its ships
FSL Trust sells product tanker Singapore-listed FSL Trust recently announced that it is expanding its business beyond tankers to include the offshore and renewables segments
DP World subsidiaries launch micro-feeder service Unique vessel type can access smaller ports without constraints. Aim is to relieve congestion and bottlenecks at larger hubs
DSME seeks damages from striking workers The strike, which started in early June, involved more than 100 yard subcontractors who demanded better working conditions, a 30%...
Noble Group fined $9.1m for misleading financial statements Singapore investigation came three years after Iceberg Research first issued a report attacking Noble's accounting practices
Sinotrans appoints former Cosco port head as chairman Feng Boming, 52, resigned as chairman of Cosco Shipping Ports in April and currently serves as a vice-president of China...
MOL orders LNG-fuelled capesize quartet and VLCC pair All six newbuildings are due for delivery between 2025 and 2026, while shipbuilding sources expect them to cost more than...
Daily Briefing Shipping finance approaches an inflexion point | Somali piracy additional premiums set to stay | Carrier price competition intensifies on...
AELF FlightService moves up plan for 1st Boeing 767 converted freighter AELF FlightServices, a provider of operating leases, is chasing the cargo market with an order for its first 767 conversion aircraft.
Will energy transition lead to boom or bust for crude tankers? Just two supertankers have been ordered in the past 14 months, raising the risk of a future shortfall in oil transport capacity.
US blocks merger of global container suppliers over market concentration The U.S. Justice Department on Thursday blew the whistle on the planned acquisition of a large container manufacturer by a Chinese company.
Will lessors repossess Volga-Dnepr freighters stranded in Russia? Sanctions have put two of Volga-Dnepr's three cargo airlines out of action. The Russian airline is grasping for lifelines.
Canadian airport sets up logistics beachhead for US e-commerce Edmonton International Airport is organizing itself as an air hub for e-commerce shipments.
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