EU ETS adoption: opaque methodologies leave container markets to navigate murky waters

After a year of positional uncertainty, the container industry is now shedding light on the impact of the EU Emissions Trading System on container shipping from 2024. The result has been one that generates more questions than clarity concerning the varying surcharge values that carriers are publishing. There are now growing signs that additional costs …

EU ETS adoption: opaque methodologies leave container markets to navigate murky waters Read More »

Fraudulent origins suspected for 80% of the EU’s UCO imports – T&E

The European Commission recently published data from International Sustainability and Carbon Certification (ISCC) on the origins of used cooking oil (UCO) feedstocks being used to produce Europe’s biodiesel and hydrotreated vegetable oil (HVO) fuels in 2022. ISCC is a global certification system that sets standards for sustainable production, sourcing and trade of all kinds of …

Fraudulent origins suspected for 80% of the EU’s UCO imports – T&E Read More »

Hapag-Lloyd, Japanese shipping firms continue to re-route from Suez Canal

Hapag-Lloyd HLAG.DE will continue to divert its vessels around the Suez Canal for security reasons, a spokesperson for the German container shipper said on Friday, adding a further assessment would be made on Jan. 2. Mitsui O.S.K. Lines 9104.T and Nippon Yusen 9101.T, Japan’s largest shipping companies, also said their vessels with links to Israel …

Hapag-Lloyd, Japanese shipping firms continue to re-route from Suez Canal Read More »

Asia’s thermal coal trade in 2023 to stay strong; world imports to drop in 2024: report

Thermal coal trade in Asia in 2023 is set to outpace 2022 by 17%, with the biggest driver of this rise being China’s stockpiling of coal, while Vietnam more than doubled imports in the first eight months of 2023, according to the latest Resources and Energy Quarterly report published Dec. 18. The report, which carries …

Asia’s thermal coal trade in 2023 to stay strong; world imports to drop in 2024: report Read More »

GAC expands operations in Germany

GAC Germany, a leading provider of shipping and logistics services in Northern Europe, is set to open a new office in Stade on 1 January 2024 as the company looks to expand its presence in the region to meet growing demand for services to support Germany’s shipping and energy sectors. With direct access to the …

GAC expands operations in Germany Read More »

Seatrium Secures S$500 Million in Revolving Credit Facility with Singapore’s Leading Financial Institutions

Seatrium Limited (Seatrium, or the Group) is pleased to announce that its wholly-owned subsidiary, Seatrium Financial Services Pte. Ltd. (SFS) has secured a S$500 million committed revolving credit loan facility (RCF) arranged by DBS Bank Limited, The Hongkong and Shanghai Banking Corporation Limited (HSBC) and Standard Chartered Bank (Singapore) Limited. The RCF will provide additional …

Seatrium Secures S$500 Million in Revolving Credit Facility with Singapore’s Leading Financial Institutions Read More »

Scroll to Top