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Tag: shipping


Shipping

Ulstein unveils new subsea vessel

March 15, 2024

Via: Offshore Energy

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 […]


Shipping

Ship Recycling: Lack of Available Tonnage the Norm

March 14, 2024

Via: Hellenic Shipping News

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 […]


Shipping

Product Tankers: Gasosline Flows Set for a Change

March 12, 2024

Via: Hellenic Shipping News

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 […]


Shipping

Tanker Market Could Shift Again

March 11, 2024

Via: Hellenic Shipping News

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 […]


Shipping

Shipping warned sanctions inflation is running ‘red hot’

March 8, 2024

Via: Splash 247

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 […]


Shipping

Unity insurance facility expanded to cover all shipping in Ukrainian ports

March 7, 2024

Via: Container News

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 […]


Shipping

Ship Recycling: Stagnation is the Norm

March 6, 2024

Via: Hellenic Shipping News

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 […]


Shipping

Bulkers Slowing Down to Comply With Emission Rules

March 5, 2024

Via: Hellenic Shipping News

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 […]


Shipping

With natural gas in high demand, Shell forecasts global LNG growth will top 50% by 2040

March 1, 2024

Via: Offshore Energy

With 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 […]


Shipping

Empty container movements surge by 20%

March 1, 2024

Via: Container News

Utilizing 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 […]


Shipping

Port Houston starts 2024 with container export record

February 29, 2024

Via: Container News

Port 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 […]


Shipping

DHL moves Norfolk operations to larger facility

February 28, 2024

Via: FreightWaves

Transport 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 […]


Shipping

Transportation solar panels solve parasitic drains and extend battery life

February 28, 2024

Via: FreightWaves

Carriers 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 […]


Impact & Regulations

Electric school buses are gaining traction in Bay Area schools

February 27, 2024

Via: Tech Xplore

It 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 […]


Shipping

China’s BYD lands auto shipment in car powerhouse Germany

February 26, 2024

Via: Tech Xplore

Thousands 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 […]


Shipping

CMA CGM revises surcharge from North Europe to Med, Adriatic, Black Sea and North Africa

February 23, 2024

Via: Container News

French 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 […]


Shipping

Bulkers’ Second Hand Vessel Prices on the Rise

February 23, 2024

Via: Hellenic Shipping News

With 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 […]


Infrastructure

RATP Dev awarded contract for operation of Saintes Grandes Rives public transit network

February 21, 2024

Via: Intelligent Transport

The 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 […]


Shipping

Maersk applies new PSS from Far East to East Coast South America

February 21, 2024

Via: Container News

Maersk 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 […]


Shipping

Canada invests US$1.9 million in supply chain initiatives

February 21, 2024

Via: Container News

The 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 […]