March 15, 2024
Via: Offshore EnergyUlstein 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
Via: Hellenic Shipping NewsAlack 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 12, 2024
Via: Hellenic Shipping NewsThe 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
Via: Hellenic Shipping NewsThe 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
Via: Splash 247The 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
Via: Container NewsMarsh 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
Via: Hellenic Shipping NewsThe 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
Via: Hellenic Shipping NewsSailing 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 1, 2024
Via: Offshore EnergyWith tight supplies of LNG constraining growth while maintaining prices and price volatility above historic averages, the UK oil major highlights that demand for natural gas has already peaked in some regions but continues to rise globally, after the global […]
March 1, 2024
Via: Container NewsUtilizing data from Container Trade Statistics (CTS) on the movement of full containers between regions, Sea-Intelligence estimated the corresponding trends in empty container movements. Empty container volumes, when compared to 2019 levels to mitigate the effects of pandemic-related volatility, have […]
February 29, 2024
Via: Container NewsPort Houston has kicked off the year on a high note, achieving record-breaking total container volumes in January. The month saw a remarkable total of 332,961 TEUs, marking a 4% increase compared to the same period last year. Notably, container […]
February 28, 2024
Via: FreightWavesTransport and logistics provider DHL Group said Tuesday that it has relocated its Norfolk, Virginia, operations to a facility more than twice the size of its prior location. The $7.3 million investment increases shipment capacity and enables faster processing, resulting […]
February 28, 2024
Via: FreightWavesCarriers have faced a range of industry and economic challenges over the past couple of years, forcing many fleets to operate on razor-thin margins. For these companies, the unforeseen maintenance costs and downtime accompanying dead truck batteries could be enough […]
February 27, 2024
Via: Tech XploreIt was seven years ago that Matthew Belasco started worrying about the health of students riding the bus at Pittsburg Unified in California. As he watched hundreds of youth pile onto the big yellow vehicles each day, his eyes focused […]
February 26, 2024
Via: Tech XploreThousands of cars from China’s BYD rolled off a ship in the German port of Bremerhaven on Monday, as the world’s biggest electric carmaker brought its challenge directly to Europe’s auto making powerhouse. The delivery was made by the BYD […]
February 23, 2024
Via: Container NewsFrench ocean carrier CMA CGM has announced a revision of the Peak Season Surcharge (PSS) from North Europe to the Mediterranean, Adriatic, Black Sea and North Africa. Effective from 15 March 2024 (loading date) until further notice, the updated surcharge […]
February 23, 2024
Via: Hellenic Shipping NewsWith Capesizes leading the way, prices for second-hand bulkers have been rising steadily over the past few months. In its latest weekly report, shipbroker Xclusiv said that “since early October 2023, dry bulk second hand prices have gained momentum. The […]
February 21, 2024
Via: Intelligent TransportThe municipal authority of Saintes Grandes Rives (Charente-Maritime, France) has awarded the contract to operate and maintain the BUSS public transit network to RATP Dev for a period of seven years. The goal of this new contract is to offer […]
February 21, 2024
Via: Container NewsMaersk is adjusting Peak Season Surcharge (PSS) rates for selected routes effective March 1 to 31 March 2024, to ensure continued global service provision. The changes in the peak season surcharge rates will be applied as follows: Read More on […]
February 21, 2024
Via: Container NewsThe Port of Montreal is delighted by the recent announcement from Transport Canada regarding funding exceeding US$1.9 million through the National Trade Corridors Fund. These grants support two projects aimed at enhancing supply chain efficiency through the utilization of innovative […]