High-performance class-approved batteries can reduce replacement costs & improve safety.
Furukawa Battery and EMP launched a service to help ship owners reduce battery replacement costs.
The service is named as Ship Battery Replacement and Management Service.
It will...
Danish shipping firm A.P. Moller-Maersk recorded a drop in second-quarter revenue.
The demand destruction from the coronavirus pandemic reduced the company's container volumes by 16% year on year.
Maersk achieved an average freight rate of $1,915/FEU across its...
Synergy Group and D.S. NORDEN have formed a new joint venture.
The association is to handle the technical management of NORDEN’s owned tanker vessels.
Norden Synergy Ship Management (NSSM) is a 50/50 joint venture between NORDEN and Synergy...
According to a Seatrade Maritime News report, Dr Anil Sharma, founder, and CEO of GMS, the world’s largest cash buyer of end-of-life ships, warned that Shipping’s capital providers should take a close look at the residual values of financed...
At present it is essential that most companies need to evidence their care for the environment.
Anyone in the supply chain need to show tangible proof which can be used to then further demonstrate to a customer's clients...
Panama Canal Shipping rebounds in hopeful sign for global trade.
Total transits through the waterway was 845 in June and rose to 933 in July, while August numbers till date show further improvement.
Containers might recover strongly while...
Critics argue that the beaching method of ship recycling in SA yards is dangerous.
They contain poor working conditions, no infrastructure, low wages, compromised labor rights, and environmental standards.
These attributes fetch end-of-life ships more money when sold...
Recently, a chemical ship sold for a price in the region of $20m imported by ShipBid has handed over successfully and put into operation.
This chemical ship over 40,000 DWT might be the largest second-hand chemical ship ever...
In a major development, the shipping giant has released their 2020 Q2 profit report today highlighting profitability in all sectors, says a press release published on their website.
Key takeaway for the maritime industry
In his LinkedIn post, the leading container...
World Container Index Up 43.5% Versus Same Week of 2019.
WCI increased by 1.5% to $2,089.41 per 40ft container.
The average composite index of the WCI assessed by Drewry for year-to-date is $302 higher than the five-year average...
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