French shipping giant CMA CGM has announced plans to deploy six new LNG-powered containerships dedicated to the China-U.S. market.
Containership charter rates have hit 13-year highs and shipowners are locking these in with carriers on three- and five-year charters.
FueLNG Bellina, Singapore’s first liquefied natural gas (LNG) bunkering vessel, kicked off commercial operations.
The 2M alliance has announced a further blank sailing this week from Asia to North Europe to use the vessel on another service.
A deep freeze continued to wreak havoc on the U.S. energy sector, bringing operations to a halt at the Houston Ship channel, while several of the biggest oil refineries remained offline in the nation’s largest crude-producing state.
Maersk has confirmed another case of bad weather in the Pacific has knocked hundreds of boxes from one its ships.
More than one in three containers worldwide are being rolled over, amid an unprecedented supply chain challenge hitting the liner community.
Greek dry bulk outfit Pavimar has doubled the size of its capesize fleet with an acquisition from Imabari Senpaku according to multiple broking reports.
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.
A management buy-out of sorts is being mooted for India’s flagship carrier. According to the Hindu Business Line, around 400 serving and 200 former employees are keen to bid for Shipping Corporation of India (SCI), aided by three Indian investors.
Middle Eastern shipping patterns are set for change once again with news yesterday that the three-year diplomatic standoff between Qatar and its Arab neighbours has come to an end.
Israeli shipping company ZIM Integrated Shipping Services has notified the U.S. Securities and Exchange Commission of its intention for an initial public offering of its ordinary shares on the New York Stock Exchange amid the red hot liner shipping market
While many countries around the world have probed escalating freight rate prices in recent months, Europe remains quiet, much to the chagrin of shippers.
A Denmark-flagged containership lost power due to a fire in the engine room off the coast of Portugal on 26 December, Portuguese National Maritime Authority (AMN) said.
German liner shipping company Hapag-Lloyd has placed an order for six Ultra Large Container Vessels at South Korea’s Daewoo Shipbuilding & Marine Engineering.
Australian miner Rio Tinto has appointed Jakob Stausholm as chief executive, effective January 1, replacing Jean-Sébastien Jacques who will step down and leave the group by the end of March.
Emblematic of the topsy-turvy year shipping has endured, the Hi5, the spread between high and low sulphur fuel oil is closing out 2020 heading into triple-digit territory.
Novo Nordisk has also chosen Maersk´s Eco service to reduce the carbon footprint in transportation. The initiative uses sustainable biofuel to power selected Maersk vessels.
Many of the world’s biggest lenders to shipping companies fell short of carbon-cutting targets last year in the first analysis of CO2 goals for the sector by financiers, a report showed on Wednesday.