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Category: Shipping


Shipping

What Will Be the Role of Biofuels in Shipping’s Decarbonization?

December 11, 2019

Via: World Maritime News

The report was launched at the 2019 United Nations Climate Change Conference, COP25, in Madrid, on December 11, 2019. Its drafting included desktop literature review, expert stakeholder interviews, face-to-face roundtables, as well as a high-level panel at Climate Week New […]


Shipping

China Shipbuilding Boasts USD 4.2 Billion Deals Galore

December 6, 2019

Via: World Maritime News

The ordering spree has been sealed at a reception held within Marintech China in Shanghai on December 3, following the grand reveal of the newly-created shipbuilding conglomerate, resulting from the mega-merger of China Shipbuilding Industry Corp (CSIC) and China State […]


Shipping

CIB Provides USD 228 Mn for Port of Montreal’s New Container Terminal

December 5, 2019

Via: World Maritime News

The financing is said to demonstrate significant support for the expansion of the largest port in Eastern Canada, which needs to expand its activities to fully participate in national economic growth. “The Contrecoeur expansion will strengthen and diversify our trade […]


Shipping

US Blacklists Six Venezuelan Tankers

December 4, 2019

Via: World Maritime News

The six vessels — Icaro, Luisa Caceres de Arismendi, Manuela Saenz, Paramaconi, Terepaima and Yare — have been identified as blocked property of Venezuela’s state-run oil firm Petroleos de Venezuela, S.A. (PdVSA), according to a statement issued by the U.S. […]


Shipping

Georgia Ports Authority Gears to Surpass 4.6 M TEUs

December 4, 2019

Via: World Maritime News

This marks a 14 percent increase in trade levels over volumes moved through Savannah just three years ago, or an additional 550,000 TEUs. Over the same period, the authority has increased the annual capacity at the Port of Savannah from […]


Shipping

NYK Obtains Japan’s 1st Sustainability-Linked Loan

December 2, 2019

Via: World Maritime News

The five-year syndicated sustainability-linked loan amounts to JPY 50 billion (USD 456.2 million). It has been provided by MUFG Bank along with the Norinchukin Bank, Mizuho Bank and Sumitomo Mitsui Banking Corporation. As explained, this is Japan’s first advanced loan […]


Shipping

Samsung Heavy Wins USD 1.5 Bn LNG Carrier Deal

November 26, 2019

Via: World Maritime News

The conditional deal comprising an undisclosed number of vessels was signed with a shipowner from Eurasia on November 22, 2019. The order is worth KRW 1.78 trillion (about USD 1.5 billion), Samsung Heavy said in a stock exchange filing on […]


Impact & Regulations, Shipping

Natural Gas Glut Has US Exporters Facing Worst-Case Scenario

November 25, 2019

Via: Transport Topics

A global glut of natural gas has gotten so massive that U.S. exporters could soon face their worst-case scenario: Halting shipments to get supply and demand back in balance. Prices for the heating and power-plant fuel may collapse in Europe […]


Shipping

NYK, Dualog to Develop Cyber Risk Management System for Ships

November 22, 2019

Via: World Maritime News

The agreement will see the development of digitized products and services across a testbed of 50 vessels with a view to eventually being rolled out across the NYK’s fleet of 250 ships. Innovation Norway, a governmental instrument for innovation and […]


Shipping

Maersk Tankers to Grow Its Managed Fleet by 11 Ships

November 21, 2019

Via: World Maritime News

The agreement involves three Suezmax, three MR and five Handy-sized vessels, all built in South Korea between 2016 and 2017. Under the terms of the agreement, Maersk Tankers will take each vessel from the owner under a bareboat charter arrangement. […]