Tumult in the container shipping sector continues, as geo-political conflict, the climate and labor issues continue to define the major trade routes. In this edition of Container Shipping Outlook, Xeneta’s Chief Analyst Peter Sand discusses…
The beleaguered carrier industry took another major hit in June, with the latest data from Xeneta’s Shipping Index (XSI) showing a decline of 9.4% in global long-term shipping rates. Following on the heels of a 27.5% collapse in May, and a 10…
The Port of Antwerp-Bruges has launched extensive digital radar and camera network that scans the entire Antwerp port area.The system will become the backbone of safe and efficient shipping traffic, says the port, following the recently launched drone network…
Logistics company Kuehne+Nagel International has appointed Michael Aldwell to its Management Board as of October 1, 2023.Aldwell will assume responsibility for the business unit Sea Logistics and succeed Horst Joachim (Otto) Schacht.Schacht (born in 1959)…
Italian companies Comau and Fincantieri presented today the first result of their joint collaboration with Automatica: MR4Weld (Mobile Robot for Weld), a mobile robot, an innovative outdoor automation solution, designed to improve the quality…
“Despite China’s strategy of pursuing increased domestic coal production, which has meant that year-to-date production stands 5.8% higher than last year, its seaborne imports of coal have nevertheless surged 73% y/y so far,” said Niels Rasmussen…
Fratelli Cosulich Bunkers (S) Pte Ltd. christened and launched its second Small Scale LNG carrier - the Paolina Cosulich - at the CIMC SOE shipyard in China.The event was attended by Diana Mok - Managing Director at Fratelli Cosulich Bunkers (S) Pte Ltd…
NYK will install a variable compression ratio system (VCR system) on two large LNG-fueled coal carriers to be built at Oshima Shipbuilding. The vessels are scheduled to be delivered by the end of 2025, and NYK reports this will be the first time for VCR systems to be installed on vessels…
RINA awarded an Approval in Principle (AiP) for a green retrofit package solution designed by Aurelia, in partnership with Econowind, Wattlab and Vertom, aimed to meet CO2 reduction targets in compliance with CII. The retrofit package can be…
The Port of Redwood City announced that Christie Coats has joined its executive leadership team as director of operations, effective June 12. Coats will have a wide range of responsibilities related to the port’s daily activities, including…
RINA and Consultant AFRY have undertaken an initial study of how the Gulf region and Europe could be linked directly with a pipeline to transport low-carbon hydrogen. The results indicate a transformative opportunity to unlock the Gulf's immense…
Jen Armstrong joins Waterways Council, Inc. as Director, Government Relations.She joins Dustin Davidson in this role for WCI.Armstrong was most recently Director of Navigation Policy and Legislation for the American Association of Port of Authorities (AAPA)…
Canada on Friday banned cruise ships from dumping sewage and dirty water close to shore, and said it would impose fines of up to C$250,000 ($190,000) for offending vessels.A range of anti-pollution measures introduced on a voluntary basis in April 2022 will become obligatory with immediate effect…
Austal USA promoted Christy Taylor to the newly established position of Chief Operating Officer for Transformation. She will report to Austal USA president Rusty Murdaugh, and oversee Human Resources, Production Control, IT and Supply Chain…
Global trade remained in the doldrums during the second quarter as China’s post-lockdown rebound proved slower than expected and was offset by continued weakness in North America and Europe.Seasonally-adjusted trade volumes were no higher in…
