Sectors
Novorossiysk-bound ships detouring amid heightened drone threat
A document circulated on social media suggests ships are being instructed to alter course after a general cargoship spotted a naval drone in the Black Sea earlier this month; however, the exact reason why others are anchoring mid-route is not clear
Hapag-Lloyd dismisses shipper fears of Gemini Cooperation
There will be winners and losers in terms of direct calls under the Gemini Cooperation’s hub-and-spoke network. But transhipment should not lead to poorer services
Yang Ming boxship knocks down three cranes at Turkish port of Evyap
A statement said no one was hurt but local media reported that a crane operator was seriously injured
DP World strengthen integrated logistics with Busan investment
The investment in Busan marks another step for the Dubai-headquartered port giant in its strategic shift towards integrated supply chains solutions
IMO resumes efforts on carbon pricing tools
IMO member states are to adopt economic and technical measures in 2025, under last year’s revised greenhouse gas strategy. Now the regulator has to figure out how these measures will work
Dark fleet insurance? Not reassuring
It’s 2024 and we still still have vessels ‘owned’ by anonymous brass plate companies, ‘flagged’ with fictitious ‘registries’, ‘IMO numbered’ with digits based on mum’s birthday, ‘classed’ by little-known ROs and ‘insured’ by shaky fixed premium providers. This isn’t progress
What to expect from MEPC81?
A breakthrough at MEPC81 is seen as unlikely as several member states oppose a flat rate GHG tax on shipping, despite a higher number of countries backing such a measure
Stanzel: 2040 IMO targets unattainable without zero-carbon fuels
Intertanko chief adamant that ‘elusive’ zero-carbon fuels are the crucial component for shipping to meet the IMO’s ‘indicative’ emission targets, but the UN body’s stance of being fuel agnostic is doing little to provide answers
Seacon expands fleet with chemical tanker order
Deal comes after Seacon ordered another four chemical tankers of the same size and four MR tankers in China last month
The week in newbuildings: Crude oil and product tanker orderbook sees further boost
Greek and Israeli shipowners have ordered a combined 12 large tankers in the past week, comprising four ships each in the VLCC, suezmax and long range two sectors
The week in charts: Houthi attacks will continue | Newbuilding prices set to rise | Ship recycling recovery on hold | Chinese demand props up Russia oil exports
Robust weapons supply chain continues to support Houthi firepower, shipbuilders’ bulging orderbooks mean prices are set to creep up in 2024 and Russian crude oil imports hit eight-month high in China
Newbuilding prices set to rise as shipyard lead times stretch to four years
The need for new ships to comply with upcoming environmental regulations and a requirement to replace the large numbers of ships delivered between 2005 and 2010 heralds a new shipbuilding supercycle, says BRS
CMA CGM offers loyalty programme to spot cargo buyers
Rewards programme will allow shippers to earn ‘nautical miles’ to pay towards invoices. Perks are only open to spot customers using instant quote platform
Cargill prototype proves that wind wings could be a win-win, eventually
Capex is still too high for wind technology to be scalable with conventional fuel savings, but for more expensive zero-carbon fuels the investment is ‘a no regret move’, says Jan Dieleman, president of Cargill’s ocean transport business
NorthStandard partners with navigational safety start-up Orca AI
NorthStandard to incentivise members to use Orca AI’s automated watchkeeper platform by subsiding part of their investment. The club envisions members ‘making significant savings as a result of using Orca AI’s advanced solution’
Likes and shares: Shipping on social media and equity markets
Company bosses can boost their online profile, and perhaps their share price, with an online following. But it has to be done right, Marine Money Hamburg told
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