The shipping industry needs to look past zero carbon fuels to decarbonise the sector. ‘Circularity’ and ‘servitisation’ could be the new buzzwords to watch for, according to Danish Ship Finance (DSF). In its latest Shipping Market Review, DSF offers up the idea of consolidated fleets of super standardised vessels as an attractive business case for …
Drewry’s composite World Container index increased 4.1% or $263 to $6,726.87 per 40ft container. The composite index increased 4.1% or $263 this week, and also, remains 298.8% higher than a year ago. The average composite index of the WCI, assessed by Drewry for year-to-date, is $5,361 per 40ft container, which is $3,423 higher than the …
Drewry: World Container Index Up 4.1% During the Past Week Read More »
The container and dry bulk shipping industries are breaking new records left, right and centre it appears, resulting in dry bulk owners enjoying unseasonably high profits, and container shipping carriers and tonnage providers delivering record high profits. In this piece, BIMCO will take a look at some of the current records broken in the shipping …
Industry players set up “Joint Study” framework for studying common issues on ammonia as an alternative marine fuel, to get ready to IMO’s decarbonization targets, including energy, mining, power utility, chemical, terminal, shipping, shipbuilding, manufacture, bunkering, and classification society. Parties of total 23 companies including ClassNK have entered into a memorandum of understanding on joint …
ClassNK and 22 industry players kick off studying ammonia as an alternative marine fuel Read More »
The Government of Canada is committed to protecting Canada’s oceans and waterways, and is taking action to address the threat posed by wrecked, abandoned and hazardous vessels, including the MV Schiedyk, a historic shipwreck leaking oil off the west coast of Vancouver Island. Yesterday, the Honourable Bernadette Jordan, Minister of Fisheries, Oceans and the Canadian …
Environmental regulations are creating a new language in shipping: its CO2 emissions per ton-mile. When you combine that with new technologies, and probably more importantly the rate of change of new technology, it is going to drive commercial decisions which will shape the way we manage risk now more than ever. That’s the view of …
Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), today announced that it has entered into an initial framework to jointly study the feasibility of ammonia as an alternative marine fuel as part of the objective to decarbonize the global shipping industry in-line with the targets established by the International Maritime Organization (“IMO”). Including …
Genco Shipping & Trading Limited to Jointly Study Ammonia as an Alternative Marine Fuel Read More »
Every Liberian and Marshall Islands non-resident entity must provide its entity registrar with the full address, email address and phone number of a person who will receive the entity’s annual invoices and who will generally be the liaison between the entity and the registrar. This person is known as an entity’s “address of record” (in …
As world leaders meet in Cornwall, England, for the G7, the first ever meeting of the equivalent maritime bodies, titled M7, took place on Wednesday this week, organised by the UK Chamber of Shipping. Delegates from the shipowner associations of the G7, plus those from Australia, India, South Africa and South Korea, were joined by …
Shipping industry agrees action on R&D investment and trade digitisation Read More »
Mitsui O.S.K. Lines, Ltd. and Autonomous Control Systems Laboratory Ltd. (ACSL; President & COO: Satoshi Washiya, PhD; Headquarters: Edogawa-ku, Tokyo) announced yesterday the success of a demonstration test using a made-in-Japan flying drone to inspect the hold of an MOL-operated coal carrier in May. Coal iron vessels have spacious holds to load massive amounts of …
