Denmark-based Everfuel A/S has signed a Memorandum of Understanding (MOU) with an undisclosed German-Norwegian shipping company for collaboration on hydrogen supply to a new zero-emission shipping solution. The two parties Continue Reading
The European innovation project Flagships will deploy the world’s first commercial cargo transport vessel operating on hydrogen, plying the river Seine in Paris. Commercial operations are set to commence in Continue Reading
Shipping companies ordered a record volume of container ships last month in a sign of the industry’s confidence in booming global trade following the pandemic. The bumper month smashed the previous Continue Reading
The Ever Given drama in the Suez Canal momentarily turned the world’s attention to container shipping. It will require a more sustained focus to address the dangers these crucial ships Continue Reading
Ship congestion outside the biggest U.S. gateway for Asian imports worsened from a week ago, highlighting a headwind facing American companies just as a pileup around the Suez Canal threatens Continue Reading
t’s taken a maritime crisis to offer hard-hit oil tanker owners an unexpected reprieve, although the relief is expected to be short-lived. Shippers have been making losses on the delivery of cargoes since the Continue Reading
A back-of-the-envelope calculation shows there’s about $9.6 billion worth of daily marine traffic halted by the massive container vessel that lodged in the Suez Canal earlier this week, blocking transit Continue Reading
A trade bottleneck born of the COVID-19 outbreak has U.S. businesses anxiously awaiting goods from Asia — while off the coast of California, dozens of container ships sit anchored, unable Continue Reading
Supply chain woes mounted world-wide for makers of everything from cars and clothing to home siding and medical needle containers, as the extreme Texas weather and port backlogs compounded problems Continue Reading
Leading tanker shipping company Stena Bulk unveiled its concept InfinityMAX hybrid bulk carrier design for zero-carbon, multi-modal shipping. The InfinityMAX concept, which is designed to carry both dry and wet Continue Reading
Weak or negative returns for VLCCs hauling crude from the Persian Gulf to North Asia are prompting shipowners to adopt cost-cutting measures like curtailing sailing speed and idling their ships Continue Reading
Carnival Corp (CCL.N) Chief Executive Arnold Donald anticipates at least two more tough years for the cruise industry, which is unlikely to return to pre-pandemic levels until at least 2023, the Continue Reading
Some of the world’s biggest exporters in Asia are intervening to alleviate a shipping container shortage that jeopardizes their overseas trading. Government-owned Indian Railways has moved empty boxes to inland depots Continue Reading
Lloyd’s Register (LR) has awarded an Approval in Principle to EXMAR for its ammonia (NH 3 )-fueled 40,000 m 3 Midsize Gas Carrier, a significant milestone for the progression of Continue Reading
Times are getting tougher by the day for oil tanker owners. With too many vessels to haul fuel, losses for supertankers on a benchmark Middle East-to-China route deepened to $6,779 Continue Reading
Times are getting tougher by the day for oil tanker owners. With too many vessels to haul fuel, losses for supertankers on a benchmark Middle East-to-China route deepened to $6,779 a Continue Reading
When shipping giant Maersk announced last month it would operate a “carbon-neutral” vessel by 2023, the Danish company committed to using a fuel that’s made from renewable sources, is free Continue Reading
A number of ammonia-fueled ships will likely hit the waters well before 2030, with gas carriers likely to emerge early adopters, as international shipping gears up for the International Maritime Continue Reading
When the International Maritime Organisation announced plans to significantly reduce the amount of sulfur ships were allowed to emit, the industry adjusted relatively quickly. After all, it was all about Continue Reading
The Michelin Group recently signed a transport commitment with the French shipping line NEOLINE . NEOLINE’s decarbonized shipping service relies on wind energy as the main propulsion for its 136m Continue Reading
Sixty-five years ago, a North Carolina trucker named Malcom McLean pioneered the standardized shipping container, launching a global trading system that lifted millions of people out of poverty and created a generation Continue Reading
Australia-based Global Energy Ventures (GEV) and Pacific Hydro Australia Developments Pty Ltd (Pacific Hydro) have executed a Memorandum of Understanding (MOU) to explore opportunities regarding the production, storage, loading, ground Continue Reading
A cargo ship operated by A.P. Moller-Maersk A/S lost several hundred containers in the Pacific Ocean while sailing through heavy seas from China to Los Angeles, the latest in a spate Continue Reading
Saudi Arabia’s oil production cuts have hit the tanker market so hard that the biggest vessels in the market are effectively subsidizing cargo deliveries on the industry’s main trade route. Continue Reading
Demand for container freight looks set to remain at very high levels throughout the Lunar New Year, with freight rates from North Asia to the UK at all-time highs as Continue Reading
After western demand for Asian-made goods rebounded in the second half of the 2020, competition among shippers for available containers sent freight rates soaring © Costfoto/Barcroft Media/Getty The cost of Continue Reading
Ship owners facing looming deadlines to use less-polluting fuels have slashed the number of new vessels on order because they don’t know which alternative technology to switch to. Ammonia, hydrogen, biofuels Continue Reading
L.P. Buckeye Partners, L.P. (NYSE: BPL) reported Wednesday that crude oil export operations have begun at the second deepwater dock at its South Texas Gateway (STG) Terminal, which sits at Continue Reading
Average Panama Canal passage wait times for Asia-bound LNG tankers from the US Gulf Coast without reservations are up to 13 days, the Panama Canal Authority has reported. Receive daily Continue Reading
The first VLGC powered by liquefied petroleum gas was headed toward the Panama Canal Dec. 17 after loading at Enterprise Products Partners’ hydrocarbon terminal on the Houston Ship Channel, Platts Continue Reading
Natural gas and propane are emerging as the leading choices for fuel sources to power vessels for shipping companies moving to slash carbon emissions in their operations. More than a Continue Reading
Japan, South Korea and a fleet of international shipping groups have warned the European Union against its plan to add greenhouse gas emissions from the maritime sector to Europe’s carbon Continue Reading
Tanker owners had a blast in the spring: nations around the world went into lockdown, oil demand slumped, and hundreds of millions of barrels of excessive supply had to be Continue Reading
For several years now, the Norway-based marine and maritime technology company Havyard Group has carried out research and development work on hydrogen propulsion for large vessels, for example through the Continue Reading
When the diesel-powered MS Selandia set sail on her maiden voyage in February 1912, people were so astonished by the sight of an ocean liner that didn’t spew steam they named it Continue Reading
The humble shipping container has a new status in the Covid-19 pandemic: hot commodity. Shortages of the ribbed steel boxes that have plied the global economy for a half-century are plaguing Continue Reading
Stakeholders in the maritime industry are considering an increased uptake of nuclear power as one of its choices as it strives to meet decarbonization targets that the International Maritime Organization Continue Reading
Crude oil tanker rates—which fell in September to their lowest since 2003 on the key route from the Arabian Gulf to Asia—are expected to remain low until global oil demand Continue Reading
China is about to show the world that its economy is pulling further out of the chasm created by the coronavirus, setting it apart from other nations struggling to avoid Continue Reading
Container throughput at the Port of Los Angeles hit an all-time high in the third quarter and showed few signs of slowing as year-end holiday restocking fueled a sustained surge Continue Reading
Shipping emits a much greater share of greenhouse-gas emissions than you might think — more than a million tons annually, nearly 3% of the global total, and rising steadily. The problem is Continue Reading
Energy group Shell has revealed plans to back hydrogen fuel cells on the road to shipping’s 2050 decarbonization goals, tagging LNG bunkers as the bridging fuel between that and conventional Continue Reading
Another COVID-19 problem that the U.N. is trying to solve: how to help more than 300,000 merchant mariners who are trapped at sea because of coronavirus restrictions. Describing the mounting Continue Reading
“The reorganization is in process and we want to make sure that our employees are informed first,” the Maersk spokesman said. Damco, which specializes in freight forwarding and logistics, employs Continue Reading
The world’s first Very Large Containership fueled by LNG left the shipyard of Hyundai Samho Heavy Industries earlier this month to be delivered to Singapore’s Eastern Pacific Shipping, one of Continue Reading
The fuel that powers passenger planes is normally among the most expensive oil products, but in a sign of the times the coronavirus has turned it into a blending component Continue Reading
There has been more than enough written about the woes of various segments of the oil industry and related industries so far this year. But there is one industry that Continue Reading
In the market for an abandoned cruise ship? Carnival Corp. — the parent company of nine cruise brands, including Princess, Costa, and Carnival — announced in a third-quarter earnings filing that Continue Reading
The English seaside resort of Weymouth is in the heart of the Jurassic coast, an almost 100-mile stretch of shoreline renowned for its fossils. But this summer the region’s geology Continue Reading
There’s hardly anyone buying new ships, with orders plunging to a 20-year low due to a potent combination of uncertainty over environmental regulations, the economic fallout from the coronavirus pandemic Continue Reading
