Shipping Urged to Review LNG Use as Methane’s Role in Climate Change is Revealed

Members of the Intergovernmental Panel on Climate Change (IPCC), a body of scientists and others from 195 countries, will launch the first of four reports on Monday, which is expected to highlight the growing influence of methane in the warming of the atmosphere.

MSC, Oldendorff Carriers join Methanol Institute

Swiss shipping major MSC Group and German dry bulk shipping company have become the newest members of the Methanol Institute (MI).

Box rates up 332% year-on-year, schedule reliability hits dire new lows

Shippers might be paying 332% more per box that they were this time last year, according to the latest data from Drewry, yet they’re having to put up with the worst schedule reliability in the history of containerisation.

MSC linked to another five boxship buys

Clarksons is reporting that MSC has bought Borealis Maritime’s 2005-built 2,474 teu Bomar Resolve for an undisclosed price, and Temas Line’s 2002-built 2,475 teu boxship Spring Mas for $29m.

One Seafarer Missing After Fire Disables MSC Boxship in Indian Ocean

An engine room fire broke out aboard the MSC Messina traveling in the Indian Ocean. Reports are that the ship has been disabled and that one crew member is missing after the fire. The Indian Coast Guard is responding to provide assistance to the vessel, which is within Sri Lanka’s search and rescue zone.

HMM confirms cyber attack

South Korea’s HMM has become another shipowner to suffer a cyber attack. The company confirmed today that it had detected an unidentified security breach, which led to limited access to the e-mail outlook system in certain areas.

New exclusive cruise terminal arriving at the port of Barcelona

The global cruise line MSC Cruises announced that it has obtained clearance and final approval from the Port of Barcelona’s board of directors to build and manage an exclusive cruise terminal.

MSC takes 1,102 teu sister ships

According to Alphaliner data, this latest swoop takes MSC’s secondhand buying spree to 49 ships since last August.

Ship Owners Lock In Charter Rates at 13-Year Highs

Containership charter rates have hit 13-year highs and shipowners are locking these in with carriers on three- and five-year charters.

2M Blanks Asia-Europe Sailing at Last-Minute

The 2M alliance has announced a further blank sailing this week from Asia to North Europe to use the vessel on another service.

MSC accelerates secondhand boxship buying spree

Swiss-headquartered containerline Mediterranean Shipping Company (MSC) continues to snap up boxships in the secondhand market according to Alphaliner, acquiring eight vessels in the past three weeks as container shipping rates continue to surge.

MSC joins the Hydrogen Council to help accelerate shipping’s decarbonization

Mediterranean Shipping Company (MSC) has joined the Hydrogen Council, as a steering member to foster cross-sector collaboration that will accelerate research and development related to clean hydrogen derived fuels and solutions.

Sudden megamax buying binge sees boxship orderbook to fleet ratio nudge past 10%

A total of 25 giant megamax containerships were ordered in Q4 last year, nudging the boxship orderbook to fleet ratio into double-digit territory for the first time in a long time, according to data from Alphaliner.

COVID Restocking Surge Continues at Port of Los Angeles

Eighty eight cargo vessels arrived in November, including nine extra loaders. There were no canceled sailings.

BRS strikes out into new green territory with carbon credits brokerage

France’s Barry Rogliano Salles (BRS) has become the first shipbroker to offer emissions consulting services and carbon credits brokerage. The new green offerings will become available early next year.

Soren Toft, Former Maersk Executive, Takes the Helm at MSC

Soren Toft on Wednesday started his role as chief executive of Swiss headquartered container group MSC’s shipping and logistics business almost a year after he was hired from rival A.P. Moller Maersk.

MSC tipped to overtake Maersk at the top of the liner rankings

Maersk, the world’s largest containerline for the past quarter century, could soon lose its top spot on the global liner rankings list to its alliance partner, MSC.

Seoul summons liners as red-hot transpacific market worries exporters

With transpacific freight rates hitting extraordinary highs and shippers struggling to find slots on crowded boxships, the South Korean government has waded in, determined that carriers do not skip the peninsula in favour of neighbouring China.

Naval Coalition Celebrates One Year Protecting Shipping in Strait of Hormuz and Bab el-Mandeb Strait

The naval coalition tasked with protecting freedom of navigation and the free flow of commerce through two of the Middle East’s most critical choke points the Strait of Hormuz and Bab el-Mandeb Strait is celebrating its first year of operations.

Weekly Broker: MSC leads boxship buying charge

Containership S&P activities dominate the week’s transactions with many ships changing hands, and freight and charter rates surging.

MSC moves for six boxships in $158m deal

Swiss-headquartered container line Mediterranean Shipping Co (MSC) is set to increase its owned fleet by six according to broking reports.

UAE Freighter Docks in Israel's Haifa Port First Time Since Peace Deal Signed, Netanyahu Says

A cargo vessel from the United Arab Emirates has docked in Israel's largest international seaport of Haifa for the first time since the signing of the landmark peace agreement between the two countries in mid-September, Israeli Prime Minister Benjamin Netanyahu said on Monday.

MSC backs hydrogen as future fuel

Mediterranean Shipping Company (MSC), the world’s second largest containerline, has given an indication of its future investments as its pursues its own decarbonisation course with hydrogen to the fore.

Greek Authorities Confirm No Covid-19 Aboard Mein Schiff 6

The cruise industry’s latest coronavirus scare turned out to be just that - a scare. Late today, TUI Cruises issued a statement announcing that the Greek authorities confirmed that there are no cases of the virus aboard the cruise ship and that the cruise can proceed as planned.