March 26, 2024

In Maersk’s press release last week about a new warehousing facility in Tijuana, Mexico, one line stood out. It was sandwiched between a list of value-added services offered and a paragraph about the facility’s sustainable energy practices and certifications. “Alternatively, […]

March 25, 2024

This marks a step forward in the legal process towards adopting global regulations, referred to as “mid-term GHG reduction measures”, that will help achieve the targets contained in the 2023 IMO Strategy on the Reduction of GHG Emissions from Ships. […]

March 22, 2024

Recently I wrote about the role of unified supply chain platforms, which enable convergence and help companies navigate the complex global market. The reality is that to streamline the supply chain, it requires not just unification of the technologies used […]

March 21, 2024

As informed, the ceremony took place at Meyer Werft’s yard on March 20. The ship Disney Destiny is the sister ship of Disney Treasure, which is also under construction, and Disney Wish, which was launched in 2022. Philip Gennotte, Portfolio […]

March 21, 2024

According to Rem, the ESCV will use a number of solutions where energy consumption is almost halved compared to comparable tonnage in today’s market, as well as meeting future requirements for zero emissions from end to end. “This is a […]

March 20, 2024

Pennsylvania state transportation officials and an operator from rabbittransit, a Pennsylvania regional public transportation provider, recently spoke about how Gov. Josh Shapiro’s budget proposal to invest in transit agencies would benefit Pennsylvanians. The proposal would invest an additional $282.8 million […]

March 19, 2024

A key partner in the €24.5 million round is French boat maker Groupe Beneteau. As explained, the new investment round will help to scale up production to meet demand for the recently launched Candela P-12, described as the world’s first […]

March 18, 2024

On Thursday, the U.S. Department of Transportation’s Federal Railroad Administration (FRA) said it had awarded nearly $1 million in grants to support multi-state and regional passenger rail service efforts. The $900,000 in Interstate Rail Compacts (IRC) Grants, part of the […]

March 15, 2024

Ulstein said that the SX232 is based on three core principles, including an optimized hull design based on the Ulstein Twin X-Stern, a smart power and propulsion system developed to minimize energy consumption during DP operations and an integrated energy […]

March 14, 2024

Alack of large vessels, available for demolition, has remained the norm over the past week. In its latest weekly report, shipbroker Best Oasis (www.best-oasis.com), said that “the ship recycling markets across India, Bangladesh, Pakistan, and Turkey showcased varied dynamics. India’s […]

March 14, 2024

While electric vehicle manufacturing investments have been rising for the past nine years, a new report from the Environmental Defense Fund (EDF) found that the Inflation Reduction Act (IRA) of 2022 kicked things into overdrive, leading to $188 million invested […]

March 13, 2024

Navistar Inc. and Plus, an autonomous trucking software company, are partnering to bring self-driving trucks to roadways in Europe and the United States. The companies announced the partnership Tuesday. Navistar, which is a member of the Traton Group — a […]

March 12, 2024

The product tanker market could see a rebalancing, as a result of shift in gasoline flows. In its latest weekly report, shipbroker Intermodal said that “the global gasoline market is in flux as major producers take steps to manage supply […]

March 11, 2024

The tanker market could be set for another shift, if Russia’s oil exports force buyers in China and India to look elsewhere. In its latest weekly report, shipbroker Gibson said that “with OPEC+ set to roll over existing production cuts […]

March 8, 2024

The minefield shipping faces in avoiding dealing with sanctioned entities has become far more treacherous in recent years. Exclusive data provided to Splash shows that the number of vessel-related sanctions has leapt by 380% in the 2020s so far. Splash […]

March 7, 2024

Marsh McLennan, the major global professional services firm specializing in risk, strategy, and human capital, has collaborated with the Ukrainian government and Lloyd’s to announce a significant expansion of its Unity insurance facility. This expansion entails the provision of affordable […]

March 6, 2024

As explained, the company will leverage Hanwha Engine’s experience in marine engine production and the synergy among Hanwha affiliates to develop and commercialize eco-friendly fuel engines. Specifically, it plans to actively develop and commercialize ships powered by eco-friendly fuels, including […]

March 6, 2024

The ship recycling market is still in bearish mode, despite the fact that cash buyers are looking for more demo candidates. In its latest weekly report, Best Oasis (www.best-oasis.com), the world’s leading cash buyer of ships, said that “the ship […]

March 5, 2024

Sailing speeds of older ships in particular have slowed down considerably, as a result of the latest emission reduction rules. In its latest weekly report, shipbroker Intermodal said that “the integration of the Energy Efficiency Existing Ship Index (EEXI) and […]

March 4, 2024

The U.S. Department of Transportation’s Federal Transit Administration (FTA) announced Thursday it was making another $9.9 billion in federal formula funding available to support public transit infrastructure. Part of the Bipartisan Infrastructure Law, the funding is designed to help communities […]