Alarming climate report touches a raw nerve on LNG use
Container carriers doubled the number of LNG-powered vessels in the first six months of the year despite global warnings on rising methane pollution, one source of which is LNG. Recently, the IPCC report spotlighted
Maersk announces schedule updates worldwide
COPENHAGEN : Maersk Line has announced several changes to its services globally, such as blanks sailings, port omissions and route adjustments. Firstly, the Danish carrier has decided to implement alterations to TP Alaska service, which
IRClass completes vessel conversion project in Turkey
NEW DELHI : International ship classification society, Indian Register of Shipping (IRClass), has just completed the classification of a 9589GT, seven deck vehicle carrier to a livestock carrier named Freesia. This is the second
Container equipment costs twice the price in the span of one year
Dry freight shipping container prices have skyrocketed in a year to reach record highs, but will decrease in the next years, according to Drewry’s newly released Containers Census & Leasing Annual Review and Forecast
THE Alliance cancels 12 sailings in August, double the blank sailings of 2M and Ocean Alliance
Over the next four weeks, The Alliance (Hapag-Lloyd, ONE, Yang Ming, HMM) has announced 12 cancellations, followed by 2M (Maersk, MSC) and Ocean Alliance (CMA CGM, COSCO, Evergreen) with four and two cancellations, respectively,
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
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
Freight Rates continue to rocket with no end in sight to container crisis
SINGAPORE : Container freight rates continue to break records, with new data showing a further massive spike on the key Asia to Europe and Asia to US routes. Chemical companies have been struggling with