The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, slipped to its lowest level in nearly two weeks on Thursday, weighed down by weaker rates across all segments. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 72 points, or 3.81%, to …
Baltic index hits near two-week low as vessel demand dips Read More »
After a tumultuous year in 2023, the reefer sector has started 2024 on a stronger footing as healthy crops in the Southern Hemisphere have helped to lift growth. This trend is set to continue across 2024 as a whole, with a return to growth forecast for the sector after two years of declines, according to …
Strong Southern Hemisphere harvests drive reefer shipping growth Read More »
Implementation of the FuelEU Maritime regulation from 2025 presents an accountability dilemma for shipping as it is currently the Document of Compliance (DoC) holder that will be held responsible for fuel selection and could therefore face penalties – contrary to the ‘polluter pays’ principle, according to OceanScore. Shipping companies must start preparing now for the …
Norway has signed a new agreement with Great Britain, Belgium, Denmark and the Netherlands to facilitate better cooperation on the international operation of autonomous vessels. The post Norway joins forces with European countries on autonomous ship operation appeared first on Offshore Energy.
Belgium, Ireland and the UK have signed a joint statement to increase their cooperation […] The post Plan unveiled for Europe’s first hybrid electricity interconnector between three countries appeared first on Offshore Energy.
Hapag-Lloyd still expects that the Red Sea crisis will be over before the end of 2024, chief executive Rolf Habben Jansen said in an interview with Reuters on Wednesday. “I don’t know for certain but we assume that it will be over in the course of this year, that we return to some form of …
Red Sea crisis may be overcome this year, Hapag-Lloyd CEO hopes Read More »
At 3:30 pm on Saturday, the Yangtze River transportation history added a new chapter when a new liquefied natural gas-powered ship, the Innovation 5, loaded with 5,400 metric tons of imported grain, arrived at Chongqing Luohuang Port from Zhoushan, Zhejiang province. It is the first time that a 10,000-ton seagoing vessel directly reached the upper …
Yesterday (15 May) the UK Chamber of Shipping has set out a bold vision to partner with the next government at its annual parliamentary reception in Westminster. Delivering the Goods: Shipping’s Priorities for the Next Government sets out the five priorities where the UK Government needs to take urgent action in the next parliament under …
People, planet & prosperity – shipping’s priorities for the next government Read More »
ABSG Consulting Inc. (ABS Consulting), a leading global risk management company, and Hexagon’s Asset Lifecycle Intelligence Division announced a new partnership to provide industries with advanced technical expertise using Hexagon’s HxGN EAM (Enterprise Asset Management) technology. The strategic partnership leverages ABS Consulting’s industry-leading, global expertise in enterprise asset management with Hexagon’s cutting-edge digital solutions to …
CMA CGM is pleased to announce the launch of our new weekly service, MCX, dedicated to West Coast Central America. This initiative aligns with market dynamics in the region and reaffirms CMA CGM’s commitment to delivering high-quality serice and supporting the growth of your business. Service highlights : Rotation: Buenaventura – Balboa – Puerto Caldera …
CMA CGM to launch MCX – West Coast Central America Read More »
