Shipping News
NYK and China Merchants Launch Initiatives to Commercialize Ammonia
news1

A broad range of initiatives is continuing to work on developing new sources of fuel for the maritime industry. In Japan, a group led by NYK Line announced efforts to speed the commercialization of ammonia while in China a new research partnership is being launched by China Merchants and the Italian and Chinese class societies.

The Hidden World of the LCL Consolidation Market - Part 1
news1

The practice of consolidation through less than container load (LCL) shipping of cargo - which involves multiple shippers and consignees in a single shipping container - has allowed thousands of shippers to move their cargo at economical prices when they cannot fill an entire full container load (FCL) solely by themselves.

Emissions Projected to Rise 50 Percent by 2050 in IMO Fourth GHG Study
news1

The International Maritime Organization (IMO) released the long-awaited 575-page final report for its Fourth IMO Greenhouse Gas Study. Coming six years after the third report, the results are viewed as a critical scorecard measuring the success of the shipping industry towards the goals of reducing greenhouse gas emissions.

Bunker Fuel Spill Hits Venezuelan National Park
news1

A vessel appears to be the source of an oil spill washing up on the shores of Venezuela's Moroccoy National Park, according to satellite imagery and AIS analysis conducted by TankerTrackers.com.

World’s First All-Electric Tugboat Delivered, Three More on the Way
news1

Navtek Naval Technologies has laid the groundwork for the future by designing and building the world’s first all-electric tug, ZEETUG® – short for Zero Emissions Electric tug.

WORLD NEWS
news1

BEIRUT BLAST: LEBANON IN MOURNING AFTER MASSIVE EXPLOSION

 

Lebanon is in mourning after a huge explosion in the capital Beirut killed

more than 70 people and injured more than 4,000 others on Tuesday.

 

New Energy Efficient Class of Reefer Container Ships Enter Service
news1

Fresh Del Monte Produce recently took delivery on the first of a new generation energy-efficient reefer container vessels. Ordered in 2018, the six ships of this class are designed to the latest energy efficiency standards and are part of the company’s efforts to decrease its emissions and enhance the sustainability of its operations.

 

Hong Kong Shippers and Dubai Speak Out on Crew Change Challenges
news1

Three weeks after coming together to address the challenges imposed on seafarers due to the travel restrictions due to COVID-19, countries around the world continue to struggle with permitting crew changes while seeking to continue to mitigate the spread of the virus. Several countries have been forced to backtrack on their accommodations prompting leaders in the shipping industry to speak out calling for better coordination and following the protocols.

 

Report: Ocean Freight Rates Remain Steady as Carriers Balance
news1

The carrier segment appears to be negotiating the coronavirus storm with some success safeguarding its vital long-term ocean freight rates reports Xeneta in its latest XSI® Public Indices report which tracks the ocean freight market based on crowd-sourced data from leading shippers.

 

Automation and Offshoring are Changing the Logistics Industry
news1

The impact of Covid-19 has hastened the pace of technological adoption across industries, leading to widespread job losses and a re-designing of job roles and scopes to accommodate the ‘new normal’ of how business is conducted.