Global Bunker Demand Jumps by 6.3%
6.3% average gain from Q2 2020.
0.2% decline from Q1 2021.
Strong yearly gains for ports with container traffic.
A recent ship and bunker news source by Jack Jordan states that global bunker demand...
ESL Shipping To Build 6 Electric Hybrid Vessels
The 5,350 dwt coasters will be built at Chowgule and Company Private Limited shipyard in India and are scheduled to enter service starting from the third quarter of 2023.
AtoB@C Shipping has the option...
Container Shipping Profit Trends in 2022
Maersk’s first-half EBITDA was $9.1 billion. It now predicts substantially higher earnings in the second half: $12.9 billion-$13.9 billion.
Evergreen’s operating revenues hit all-time highs during the past two months: 45.88 billion New...
Guidelines About Drug Smuggling On Ships
A number of cases of drug smugglers concealing drugs on merchant vessels, leading to difficulties to seafarers.
Illicit drug producers continue to develop complex trafficking patterns, targeting commercial vessels and their crew to...
MOL Adopts Digital Transformation For Car Carrier Allocation Planning
MOL announced the launch of full-scale operation and practical application of their advanced car carrier cargo loading plan generation system.
Car carriers today require much more complicated cargo loading plans than in the...
UK Shipping Urges Zero International Shipping Emissions By 2050
The shipping industry currently contributes around 2.4% of global greenhouse gases each year.
The UK shipping industry has agreed that the international shipping sector must pursue a net-zero carbon emissions target by 2050.
...
Here’s Why the Dry Bulk Shipping Market Just Took A Nosedive
The Baltic Dry Index slumped in early September.
It bounced back quickly, though, and indeed hit a new high on Friday.
Now investors are worried that a collapse of China's Evergrande Group could...
What are America’s New Travel Rules for Fully Vaccinated Travellers?
The US will let fully vaccinated travellers from the UK - and many other countries - visit from November.
A ban on foreign travellers began in March 2020, at the start of the...
K Line Orders Next-gen ‘Eco-friendly’ Carriers To Cut Emissions
Kawasaki Kisen Kaisha, Ltd. (“K” LINE) will be procuring eight 7,000 units class car carriers fueled by LNG (liquefied natural gas) by FY2023 to FY2025, reads an official news release.
This follows their first LNG-fueled...
NYK Agrees To Invest In AIC
NYK has agreed to invest in Australian Integrated Carbon (AIC).
After the completion of approval by the relevant authorities, NYK will jointly invest in AIC with Mitsubishi Corporation through Japan Integrated Carbon (JIC),...