MSC charts course for ammonia-powered containership with industry majors

The world’s largest container shipping company Mediterranean Shipping Company (MSC) has signed a Memorandum of Understanding (Mou) with Lloyd’s Register (LR), Shanghai Merchant Ship Design & Research Institute (SDARI) and MAN Energy Solutions (MAN-ES) for a design for the ammonia dual-fuel operation of an MSC container ship. Image credit: LR Under the MOU, a technical …

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Subsea 7’s 2024 graduate program opens for applications

Subsea 7 has launched applications for its two-year engineering graduate program for next year which takes place in the French capital. Source: Subsea 7 According to Subsea 7, the Graduate Engineer Development Scheme (GEDS) involves both on and off-the-job development and exposes graduates to a variety of engineering experiences and elements of project execution spanning …

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Happy Women in Maritime Day: Time to navigate the unresolved challenges

The International Maritime Organization (IMO) International Day for Women in Maritime is celebrated annually on the 18th of May and aims to honour women in the industry and encourage recruitment, retention and continued employment in the sector. Image credit: IMO This is the second International Day for Women in Maritime and it seeks to highlight the importance …

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AGP presentó el proyecto de terminal de cruceros y catamaranes del Puerto de Ushuaia

La Administración General de Puertos presentó al gobernador de Tierra del Fuego, Gustavo Melella, los detalles del proyecto de diseño y construcción de la nueva terminal de cruceros y catamaranes de Tierra del Fuego. La misma se realizó en forma virtual y estuvo a cargo de las autoridades de la Administración General de Puertos, en …

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Drewry: Dry Bulkers’ Earnings Potential Improved Over the Past Four Months

The Drewry Dry Bulk Equity Index decreased 7.6% YTD, underperforming the S&P 500 which rose 8.1% YTD. The decline can be attributed to macroeconomic weakness caused by rising interest rates, an inflationary environment and contraction in China’s manufacturing sector in April, indicated by a PMI number lower than 50. Additionally, the earnings reported by dry …

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Xeneta: Manzanillo, Mexico star’s on the rise in declining North American West Coast spot market

This week’s rate update looks to the North American West Coast (WC), shifting the analytical spotlight beyond the US to two other important ports in the region: Manzanillo, Mexico and Vancouver, Canada. Although the twin Los Angeles ports reign supreme as the main US WC import corridor for containerized goods, their position has been impacted …

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Over 15,000 ships could be recycled by 2032, up more than 100% on the last 10 years

Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount recycled in the previous ten years. As recycling volumes increase, it is increasingly important that the Hong Kong International Convention for the Safe …

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AI and automated ships pose new challenges in casualty liability, warns chairman of Association of Average Adjusters

Artificial Intelligence and the advent of automated ships will pose difficult questions in determining liability under the Hague Rules for maritime casualties, the 2022-2023 chairman of the Association of Average Adjusters has cautioned. Sir Nigel Teare raised the concern as he suggested that a recent case, in which the Supreme Court confirmed that a defective …

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El Puerto de Algeciras epicentro del debate sobre la transición energética en el marco del seminario European Harbour Master’s Committee

El Puerto de Algeciras acogió, el pasado 4 y 5 de mayo, la 11ª edición del seminario bienal del European Harbour Masters’ Committee de la Asociación Internacional de Capitanías Marítimas (IHMA, por sus siglas en inglés), que tuvo lugar en el Auditorio Millán Picazo. Durante dos días, Algeciras se ha convertido en el centro del debate sobre cuestiones como …

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