Uses of Artificial Intelligence And Machine Learning in Shipping Industry

The COVID-19 pandemic has pulled together a variety of factors that have brought the opportunities of artificial intelligence (AI) and machine learning (ML) into sharp focus across the board, says a Lloyd's Register news...

Satellite Data To Help Reduce Shipping Industry CO2 emissions

Start-up company uses satellite data to develop technology that will help reduce CO2 emissions produced by the shipping industry, says an Open Access Government. 940 million tonnes of CO2 The shipping industry is responsible for around...

A Brazilian Shipping Company Joins The CDP

Wilson Sons Group has joined the Carbon Disclosure Project. It is seen as another step towards the management of the impact of its operations on the environment. Brazil’s Wilson Sons Group took another step...

Increasing Seafarer Abandonment Leads To Talks on Emergency Fund

  Three of the world’s largest seafaring nations are proposing the establishment of a seafarers’ mutual emergency fund to support abandoned crew, reports Splash247. Idea of a mutual emergency fund China, Indonesia, and the Philippines have introduced...

GOGL Exits From A Joint Venture

  Golden Ocean Group Ltd terminated a joint venture entered into five years ago. Improved market conditions and an expanded fleet have prompted the Bermuda-based dry bulk shipping company for the termination. Improved market conditions...

CCCC Bags Contract To Build Arctic-Asia LNG Terminal

China Communications Construction Company got a contract to build an LNG transshipment terminal in Kamchatka for Novatek, reports High North News. The facility will handle LNG en route from the Arctic to Asia. Winner of...

3 Barges Chained Up in Port, Phosphene Beyond the Permitted Level

Health and safety officials are struggling to decide what to do with three barges stuffed with grain from Poland. They have been contaminated with illegal amounts of phospene, a flammable and highly toxic...

Sharp Rise in Reefer Container Freight Rates, Says Drewry

Reefer container freight rates have risen sharply through 2021, but in contrast to dry cargo rates, are forecast to rise further in 2022. This is driven by catch up on North-South routes, according...

Loaded Cargo Vessel Crashes and Sinks Freight Crane

A cargo ship crashed into a port and sunk a crane in China, reports Yahoo News. Cargo ship topples crane CCTV footage shows the cargo ship, loaded with sand, colliding with a portion of the Majiagang...

Reefer Cargo – New Battleground With Rising Rates and Scarce Equipment

Reefer cargo is the new battleground with rates rising and equipment scarce reefer freight rates are forecast to continue rising as price inflation feeds into north-south routes Container shipping bottlenecks are creating winners and...