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Tag: shipping


Shipping

MPA, IEA strengthen ties on shipping decarbonization and digitalization

April 18, 2024

Via: Offshore Energy

In line with the goals of the International Maritime Organization (IMO) and international energy and climate targets, the MPA and IEA will collaborate to advance the development and transition to zero and near-zero emission fuels, technologies that support maritime decarbonization, […]


Shipping

US firm launches its ‘first turnkey autonomous vessel’

April 17, 2024

Via: Offshore Energy

According to Sea Machines, the company’s first turnkey autonomous vessel SELKIE will be deployed for hydrographic surveying, offshore asset inspection, security operations, and environmental studies. The first model was named SELKIE 7, a seven-meter-long USV powered by the company’s SM300 […]


Shipping

Logistics is in dire need of data standardization

April 12, 2024

Via: FreightWaves

The modern supply chain is a complex dance, with information flowing between numerous functions and disparate systems. Yet, all too often, this choreography is hampered by fragmented data trapped in silos, impeding visibility and hindering efficiency. To achieve true unification […]


Impact & Regulations

Singapore’s EU ETS liabilities of €330 million can accelerate green shipping initiatives

April 10, 2024

Via: Container News

Singapore-registered vessels will be required to contribute a significant €330 million (US$355 million)m share of Asian shipping’s total emissions liabilities under the EU ETS, underlining the importance of the Lion City as a key maritime hub for both global trade […]


Shipping

‘Compelling’ tanker orderbook augurs well for rates through to 2026

April 9, 2024

Via: Splash 247

The “compelling” tanker orderbook augurs well for freight rates for the coming couple of years, according to multiple researchers. The tanker sector has one of the lowest extant fleet to orderbook ratios, and a minuscule delivery schedule. According to data […]


Impact & Regulations

X-Press Feeders, 6 European ports to create green shipping corridors

April 5, 2024

Via: Offshore Energy

The landmark agreement was signed with the Port of Antwerp-Bruges, the Port of Tallinn, the Port of Helsinki, the Port of HaminaKotka, Freeport of Riga and Klaipeda Port. Through this MOU, X-Press Feeders and the participating ports will pool resources […]


Shipping

Trans-Pacific container rates plunge again

April 3, 2024

Via: FreightWaves

Eastbound trans-Pacific ocean container spot rates plunged again this week as container ship capacity on the trade lane recovers and volumes reset at a lower level than they were pre-Lunar New Year. The Freightos Baltic Daily Index spot rate for […]


Shipping

Singapore’s Pyxis launches its first 100% electric passenger vessel

April 1, 2024

Via: Offshore Energy

The launch event was held on March 27, 2024, at the Clifford Pier, and according to Pyxis, was attended by 300 guests, including representatives from Maritime and Port Authority of Singapore (MPA). MPA congratulated Pyxis on its social media, noting […]


Shipping

Chinese shipbuilder begins construction of 295-meter LNG carrier

March 28, 2024

Via: Offshore Energy

The steel-cutting ceremony for the 174,000 m3 LNG carrier H1909A of PetroChina International was held at Hudong-Zhonghua Shipbuilding on March 4. This carrier is of the second series in the LNG Phase III project of COSCO and PetroChina, part of […]


Shipping

IMO MEPC 81: The clock is ticking for fossil fuel era in shipping

March 25, 2024

Via: Offshore Energy

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. […]


Travel & Public Transit

Meyer Werft lays keel of Disney’s third LNG-powered cruise ship

March 21, 2024

Via: Offshore Energy

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 […]


Shipping

Candela secures €24.5M to scale up production of fast electric ferry

March 19, 2024

Via: Offshore Energy

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 […]


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 […]