The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodities, posted a weekly decline on Friday, as rates for the larger capesize segment also fell for the week. * The overall index .BADI, which factors in rates for capesize, panamax and supramax shipping vessels, edged upby 1 point, or 0.06%, …
Baltic index logs weekly dip as capesize rates decline this week Read More »
Our innovative new Inmarsat Maritime customer care portfolio brings shipping companies and seafarers peace of mind, as they can be assured that their connectivity will operate effectively no matter where they are in the world. This article outlines the outstanding new levels of care that our updated customer support program offers. It details the offering …
Shipbuilding and hydrodynamics experts at Fincantieri and DNV have collaborated closely on a solution to address drag induced by bow thruster tunnels. It can help minimize ship hull resistance and reduce fuel consumption and carbon emissions. When designing new cruise ships, the engineers at Fincantieri scrutinize every detail to maximize fuel efficiency while keeping the …
Suppressing thruster tunnel drag to save energy and costs Read More »
The Gemini cooperation agreement between Maersk and Hapag-Lloyd will rely heavily on a small number of transhipment hubs to support its new network. The operational performance of several of the terminals is assessed to be world-class in terms of intensity of asset use, but Drewry highlights that strong performance will be essential if the hub-and-spoke …
Gemini’s strategy relies heavily on hub port performance Read More »
Yesterday Cadeler announces the signing of a significant Installation Vessel Reservation Agreement with an Undisclosed Client for upcoming wind farm installation projects. If all options are exercised during the four-year agreement, the agreement would represent the largest deal in Cadeler’s history, with the potential value of the projects to be executed under the agreement estimated …
Two reports co-released by Goldman School of Public Policy, University of California Berkeley and Energy & Environmental Research Associates delve into policy changes and technology to decarbonize ocean going vessels. Non-profit Pacific Environment commissioned these reports. This set of reports seeks to inform stakeholders and policymakers on potential to reduce greenhouse gas (GHG) and other …
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that two vessels managed by its group company MOL LNG Transport Co., Ltd. (President: Toshihiko Ota; Headquarters: Minato-ku, Tokyo) and MOL Tankship Management Pte. Ltd. (President: Yoshiro Maruta; Headquarters: Singapore), received the Director-General Award from the Japan Meteorological Agency (JMA) for the vessels’ …
To the Members At the Board meeting, held in Geneva on 21 May 2024, the following developments were reported in respect of the Steamship Mutual group of companies. 2023/24 Financial Year Highlights: · A financial year surplus of US$110 million, after adjustment for capital returns, resulted in Free Reserves increasing to US$540 million, up from …
Steamship Mutual: 2023/24 Financial Year Highlights Read More »
Further to the announcement of 14 March 2024 regarding the decision to decrease the share capital with nominally DKK 1,740,773,000 by cancellation of treasury shares it is hereby confirmed that the capital decrease has been registered with the Danish Business Authority today. The capital decrease is divided into 350,555 A shares of nominally DKK 1,000 …
Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Takeshi Hashimoto) today announced that MOL and Electric Power Development Co., Ltd. (J-Power; President and CEO: Hitoshi Kanno; Head Office: Chuo-ku, Tokyo) have agreed to install the Wind Challenger hard sail wind power propulsion system (Note 1), which converts wind energy to propulsive force, on the coal …
