Drewry: World Container Index Down 1.8% This Week, But 238.4% Higher Than a Year Ago

The composite index decreased 1.8% this week, but remains 238.4% higher than a year ago. The average composite index of the WCI, assessed by Drewry for year-to-date, is $5,211 per 40ft container, which is $3,502 higher than the five-year average of $1,709 per 40ft container. Drewry’s composite World Container index decreased 1.8% or $94 to …

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HSBC: The Marine Sector Can Still Work Towards Low Carbon Shipping

Exploring how batteries, biofuels, hydrogen, ammonia and digitalisation can all help decarbonisation Shipping accounts for 13% of the carbon dioxide emitted by transport. The industry has been set a target of halving greenhouse-gas emissions by 2050, relative to 2008 levels, but on current trends, they could possibly increase by 250% instead. Progress to reduce emissions …

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SM Line eyes quadrupled earnings this year, sailing smoothly for IPO in H2

SM Line Corp., the container carrier unit under South Korea’s mid-sized conglomerate Samra Midas (SM) Group, has already achieved more than 70 percent of last year’s earnings in the first two months thanks to the vibrant global commerce market recovery, boding well for its IPO plans. SM Line disclosed Thursday that it posted 86.4 billion …

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“K” LINE’s Car Carrier Obtains World’s First Remote Survey Notation as Newly-built Ship

Friday, “K” LINE’s car carrier “CENTURY HIGHWAY GREEN” completed by Tadotsu Shipyard Co., Ltd., the Imabari Shipbuilding Group, became the world’s first newly-built vessel to obtain Nippon Kaiji Kyokai (ClassNK) notation certifying that the ship is adapted for remote surveys(*1). A remote survey uses digital technology on vessel to remotely perform the inspection surveys of …

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GAC joins Getting To Zero Coalition

The GAC Group has nailed its sustainability colours to its mast by joining the Global Maritime Forum’s Getting To Zero Coalition, an alliance of more than 140 companies from the maritime, energy, infrastructure and finance sectors working to accelerate the decarbonisation of shipping by developing and deploying zero emission vessels (ZEVs) by the end of …

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ClassNK grants its first Remote Survey (RMSV) notation to newbuilding

Leading Classification Society ClassNK has granted its Remote Survey (RMSV) notation for CENTURY HIGHWAY GREEN, an LNG-fueled PCC operated by Kawasaki Kisen Kaisha, Ltd. (“K” LINE). This is the first vessel on ClassNK’s registry to be marked with RMSV notation at the time of delivery. To provide a proper guidance for remote surveys using ICT, …

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Capital increase in TORM due to exercise of Restricted Share Units as part of the Company’s incentive program

TORM plc (“TORM”) increases its share capital by 31,054 A-shares (corresponding to a nominal value of USD 310.54) as a result of the exercise of a corresponding number of Restricted Share Units. The capital increase is carried out without any pre-emption rights for existing shareholders or others. 20,632 of the new shares have been subscribed …

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