Maersk’s Green Shipping Plan Runs Up Against Scarce Cooking Oil
COPENHAGEN : A.P. Moller Maersk A/S’s efforts to become carbon-neutral face an unusual hurdle: there isn’t enough used cooking oil to make the biofuel that powers the vessels. “The biofuel is sourced from used
Evergreen buys more containers, re-assigns fleet after profit spike
TAIWAN : Evergreen Marine Corporation announced that it will buy 10,000 containers from Dong Fang International Container (Hong Kong). The Taiwanese shipping group has been expanding its fleet of containers amid the well-documented equipment
K-Line installs carbon capture plant
A joint project, dubbed CC-Ocean (Carbon capture on the ocean), between major shipping players has seen the development and installation of the world’s first carbon dioxide (CO2) capture plant onboard a vessel. The plant
European Union approves decarbonisation projects
The European Union (EU) has given the green light for a US$138.86 (€118) million investment from the Innovation Fund to be allocated across 32 small projects, including a bio-LNG plant to produce marine fuel
Reefer container freight rates to outgun dry cargo rates in 2022
LONDON : Reefer container freight rates have risen sharply through 2021, but in contrast to dry cargo rates, are forecast to rise further in 2022, driven by catch up on North-South routes, according to
UAE launches initiative to protect seafarers’ rights and welfare
DUBAI : The initiative to improve the quality of life of seafarers in the UAE follows a recent Resolution on marine wrecks and non-compliant ships passed the Council of Ministers designed to put a
Decarbonisation and shipping: ship recycling – a changing landscape
As the drive to decarbonise shipping gains increasing momentum, and as incentives and pressure on shipowners to operate more efficient and greener ships mounts, a related spike in early retirement of ships difficult to
PM to chair UNSC High-Level Open Debate on “Enhancing Maritime Security: A Case For International Cooperation”
NEW DELHI : Prime Minister Shri Narendra Modi will chair the High-level Open Debate on ‘Enhancing Maritime Security – A Case for International Cooperation’ on today, 9th August at 5.30 PM IST via video