Decarbonising the shipping industry is a complex challenge, yet a wholesale switch to green fuels would go a long way towards meeting net zero ambitions. However, that switch is being hampered by a lack of demand-side signals for greener shipping from policy makers, suppliers of goods, and consumers, making it difficult for the industry to …
The container shipping industry endured a torrid time in April, with global long-term ocean freight rates diving 10.6%, according to the latest data from Oslo’s Xeneta. A raft of newly negotiated contracts, with prices reflecting the low market demand and high capacity, dragged rates down across the board – with all regional trade lanes registering …
Xeneta: Long-Term Ocean Freight Rates Slump Over 10% In April Read More »
Drewry’s composite World Container Index decreased by 2% to $1,740.26 per 40ft container this week. Our detailed assessment for Thursday, 27 April 2023 The composite index has decreased by 2% this week, and has dropped by 78% when compared with the same week last year. The latest Drewry WCI composite index of $1,740 per 40-foot …
Drewry: World Container Index Down By 2% This Week, 78% Lower than Last Year Read More »
The recent review of the regulations pertaining to pollution prevention in the shipping industry, including the Ship-Source Pollution Directive, the Ship Recycling Regulation, and the Environmental Liability Directive is coming under the scrutiny of the shipping industry within and outside Europe. Whilst these directives firmly place responsibility on shipowners for compliance and for the cost …
A high-quality field of entrants for the second Nor-Shipping Ocean Solutions Award led to a heated jury debate and an expansion of the shortlist from the planned four to five competing nominees. The accolade, open to exhibitors and invited Nor-Shipping participants, aims to showcase breakthrough innovations at, or approaching, commercialisation stage. Daphne Technology won the …
Four becomes five with high-quality shortlist for Nor-Shipping Ocean Solutions Award Read More »
The Panama Ship Registry administered by the Panama Maritime Authority (AMP), for the first time, has become eligible for “Qualship 21 Program”, which has been in existence for more than twenty years. This represents a milestone for the Panama Ship Registry and demonstrates the institution´s effort and its human resources in changing working methods and …
Imagine that your house is on fire, and you call the fire brigade. The person on the other end of the phone takes note and promises to put it out next week. This is exactly the approach that Europe has adopted in setting decarbonisation goals for international shipping. This summer, the International Maritime Organisation (IMO) …
T&E: Europe goes from leader to laggard in tackling shipping’s climate impact Read More »
Baseblue, the global marine energy solution provider, recently hosted a successful conference titled “The Future of Bunkering 2023 and Beyond” as part of the 10th East Med Expo. The conference featured expert panels and discussions on the role of bunkering in the transition towards a sustainable future, with a particular focus on alternative fuels. The …
Baseblue Conference Explores the Future of Bunkering and Alternative Fuels Read More »
On 18 April 2023, the EU Parliament adopted the reform of the EU ETS. As key points, the reform includes stricter requirements for installations already subject to the EU ETS (“ETS I”), the gradual inclusion of maritime transport in ETS I from 2024 and a new emissions trading system (“ETS II”) for the buildings, road …
Watson Farley & Williams (“WFW”) has advised Bulk Shipping S.r.l. (“Bulk Shipping”), a special purpose vehicle of DeA Capital Alternative Funds SGR S.p.A., on the sale of the bulk carrier “Liberty K” to Oasea Maritime Co. (the “buyers”). The Liberty K vessel, which was acquired by Bulk Shipping as part of a restructuring agreement with …
WFW advises Bulk Shipping on sale of M/v “Liberty K” Read More »
