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Sectors

Ports & Logistics

No end in sight for record box freight rates

Cargo owners face surcharges just to secure slots, on top of high ocean rates. There is some evidence that desperate shippers are paying close to $20,000 to ship a container to northern Europe

International Containers

Monjasa hires Deloitte to monitor emissions

Danish bunkering company Monjasa hired Deloitte to help it measure its climate impact, noting shifting attitudes in the industry

Tankers and Gas Bunkers

Data utility aspiration for liner shipping

GSBN designers from Hapag-Lloyd have also explained reasons why the German carrier joined the blockchain-based shipping platform as a founding member

Europe Containers

Developing third-country markets is top priority for Cosco

Measures have already been taken to expand the carrying capacities on trade routes such as such as India-Europe and intra-Europe markets, as the management foresee a further manufacturing migration from China  

Containers Ports and Logistics
Environment

Industry groups push back reform of $5bn green fund

Facing pressure from developing nations to find a different financing mechanism, industry lobbies insist that collecting $2 per tonne of fuel consumed from each ship is the best way to develop a decarbonisation R&D fund

IMO Environment

Monjasa hires Deloitte to monitor emissions

Danish bunkering company Monjasa hired Deloitte to help it measure its climate impact, noting shifting attitudes in the industry

Tankers and Gas Bunkers

Biofuels: Shipping may struggle with the price of FAME

Forthcoming International Maritime Organization efficiency rules will drive more interest in biofuels, which could help bridge the gap to decarbonisation. But their price, regulation and handling difficulties mean this will not be an easy task

International Fuels

Greece backs creation of European R&D fund within ETS

Athens has told the European Union that charterers should foot the bill for emissions, arguing that would be consistent with the ‘polluter pays’ principle as they control the operation of a vessel and determine its energy efficiency

Europe Greece
Shipbuilding

Shipyard earnings feel impact of steel price spike

Prices for ship plates have jumped more than 25% since December, while mark-ups for fresh tonnage have been largely in the range of 7.4%–18.2% over the same period, according to brokers in China

Asia Pacific Containers

Mozambique security delay fuels uncertainty over status of 17 newbuilding LNG carriers

The Mozambique LNG project is Africa’s largest energy project with liquefied natural gas supposed to come online in 2024, but is already subject to delays

Mozambique Tankers and Gas

Marine LNG fleet set to expand despite World Bank rejection

Titan LNG has questioned the the lifecycle emissions analysis available for hydrogen and ammonia, pointing out that liquefied natural gas has an established record of evidence backing up its status as an available pathway to decarbonising international shipping

Europe Tankers and Gas

Eastern Pacific Shipping bags Rio Tinto dual-fuel bulker charter

Eastern Pacific’s belief in LNG-fuelled tonnage during the past few years has led the shipowner and shipmanagement company to develop a deep expertise and knowledge of the cleaner alternative fuel

Singapore Dry Bulk
Technology & Innovation

Biofuels: Shipping may struggle with the price of FAME

Forthcoming International Maritime Organization efficiency rules will drive more interest in biofuels, which could help bridge the gap to decarbonisation. But their price, regulation and handling difficulties mean this will not be an easy task

International Fuels

The business model in a zero carbon transition

Companies must accept that decarbonisation is another component they need to incorporate in their business model. To do that successfully they need to practise ‘sustainability applied’

International Environment

Stakeholder self-interest is damaging industry progress

The dire situation for Indian seafarers has prompted charities and leading industry players to set up an emergency relief fund. This initiative reflects an urgent need for shipping to think as one

Crewing Environment

Shipowners rank LNG as top fuel in energy transition

Despite concerns over methane slip from the maritime industry’s use of LNG, by emissions profile, the gas still outperforms methanol and ammonia produced using fossil fuels, a study by class society ABS found

International Environment
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