Interest in methanol as an alternative fuel has grown in the shipping industry, which seeks to achieve net-zero emissions by 2050.Below is a list of upcoming methanol bunkering-related projects by companies and ports:COMPANIES:A.P. Moller-MaerskMaersk…
Starting in September, the company that manages the Paranaguá Container Terminal (TCP) will receive a new maritime service in partnership with COSCO Shipping Lines/OOCL and Ocean Network Express (ONE). The service is branded respectively as: East Coast South America-Europe 2 (ESE2)…
According to Xeneta’s Shipping Index (XSI), global long-term shipping rates sank to a two-year low in July, falling 9.5% since June, plummetting 57.8% since the same period in 2022. And just as rates hit a fresh low, the bad news for carriers…
French shipping group CMA CGM expects container freight demand to improve from next year but the group's profits will continue to ease this year as a slump in freight rates from record highs and a weak economy weigh on results, it said on Friday…
A port call made by CMA CGM Liberty at the Honmoku D4 terminal in Yokohama on Monday is the first by a liquefied natural gas (LNG)-powered containership in Japan. At 15,000-TEU, the containership also ranks amongst the largest vessels to be calling in Japan…
Container carriers in THE Alliance will make changes to the Asia to Transpacific-West Coast Network by temporarily suspending the PS5 service and enhancing the existing PS3, PS6, and PS7 service as of August and until further notice. The moves are on response to the 'present market situation'…
CMA CGM expects its profit to ease further for the rest of the year after a first-quarter decline, as an uncertain economy and influx of new vessels cool the container shipping market after a record 2022.The company, based in Marseille and privately controlled by the founding Saade family…
Shipping finance markets for the rest of 2023 look positive, with a depth of lenders, banks, leasing houses and alternative credit funds all seeking to grow their portfolios and offer the best terms to win projects; and competition between lenders…
Samsung Heavy Industries (SHI) held aTechnology Road Show in Europe as an official debut of its new design ship.SHI held its 'Samsung Technical Seminar in Athens' at the Marriott Hotel in Athens, Greece, and announcing details on a pair of new designs: an LNG carrier and a container ship…
The world’s first methanol-fueled containership has been launched for A.P. Moller - Maersk as the Danish shipping giant makes headway toward its goal to decarbonize its operations.“The launching was successfully completed on April 4 at Hyundai Mipo Dockyard…
U.S.-based Seaboard Marine announced it has acquired its first vessel fueled by cleaner burning liquefied natural gas (LNG).The 1,000 TEU Seaboard Blue, previously known as the Elbblue, was retrofitted in 2017 with the capability of running on both LNG and diesel fuel…
German container liner Hapag-Lloyd announced it has signed a multi-year agreement with Shell to bunker its ultra large dual-fuel containerships with liquefied natural gas (LNG) in the Port of Rotterdam.LNG bunkering for these 12 new 23,500+…
Classification society ClassNK announced new sets of guidelines to aimed at safer and more efficient ocean container transport. The new 'Guidelines for Container Stowage and Securing Arrangements (Edition 3.0)' and 'Guidelines for Parametric…
Collapsing ocean shipping rates are not all good news for U.S. retailers, who paid as much as $20,000 to move a container of goods during the worst pandemic disruptions, as they now are bracing for delays due to plummeting demand.Carriers like…
A containership carrying general commercial goods docked at Yemen's main port of Hodeidah for the first time since at least 2016 on Saturday as parties in Yemen's eight-year war are in talks to reinstate an expired U.N.-brokered truce deal.The conflict…
