COSCO and Fortescue to work on ammonia-fuelled shipments
China’s COSCO has signed a preliminary agreement with Australian miner Fortescue to jointly build a green fuel supply chain. The memorandum of understanding includes exploring construction and deployment of green ammonia-fuelled vessels owned either by COSCO or jointly owned by both companies to transport iron ore and other minerals to reduce carbon emissions in the […]
Seafaring haves and have nots
Steven Jones, founder of the Seafarers Happiness Index, discusses life onboard the growing dark fleet. There is of course no one-size-fits-all when it comes to the experiences of seafarers. The very reality of the human condition means that reflections differ, though the conditions we provide for humans do indeed have a real impact. The latest […]
“Digitalization needs collaboration” Executive Insights with Grant Hunter-BIMCO
Efforts to digitally transform the maritime and shipping industry are being carried out earnestly around the world with several organisations pushing for it.. These efforts are not restricted to the container shipping industry alone but are also very active in the bulk sector.. BIMCO is the world’s largest private international shipowners’ association facilitating trade since […]
Port of Oakland receives US$3 million grant to face sea level issues
The California Department of Transportation (Caltrans) awarded the Port of Oakland and the City of Oakland US$3 million for a Sustainable Transportation Planning – Climate Adaptation Planning grant. The funds are anticipated to address potential flooding due to sea level rise (SLR) and groundwater intrusion (GWI). “Sea level rise and groundwater intrusion pose an existential […]
MSC reorganizes its Asia-Oceania service network
MSC has announced the reshuffle of its service network between Asia and Oceania aiming to provide faster and more reliable services to its customers in China, Southeast Asia and Oceania. The world’s largest liner operator said the Wallaby service will be enhanced and reinstated as a standalone service, offering faster and more direct connections between […]
Hapag-Lloyd increases rates from India and Pakistan to Med and North Africa
German ocean carrier Hapag-Lloyd has announced increased ocean tariff rates from India and Pakistan to the Mediterranean and North Africa. This increase will be valid from 15 to 31 August. US$ per 20′ container: From To Current base rate level New base rate level Delta Nhava Sheva & Mundra, IN West Mediterranean & North Africa* […]
Qatar Cargo to refocus freighter network to drive profitability
Qatar Cargo will make its freighter network more responsive to market conditions as part of efforts to increase profitability – with changes to its Americas network coming in September. Speaking to Air Cargo News, Qatar Airways chief cargo officer Mark Drusch said the carrier was looking to adjust its freighter network more quickly to changes […]
GEFO swells chemical tanker orderbook
German owner GEFO is expanding its newbuilding programme with more chemical tankers in China. The Hamburg-headquartered company has returned to Xiangyu shipyard in Nantong for two firm and two optional 7,900 dwt vessels, adding to its series of ten 3,850 dwt stainless steel units booked for construction earlier this year. The ice class 1A newbuilds, with […]
DP World supercharges Asia Pacific trade with expanded network
DP World has inaugurated 51 new freight forwarding offices across Asia Pacific (APAC), aiming to enhance its position as an end-to-end supply chain solutions provider. This brings the number of DP World’s active trading offices globally to 161. The expanded network, focused on air and ocean freight, is backed by DP World’s infrastructure from ports […]
Penang Port invests in Kalmar container handling equipment
Penang Port announced a significant investment in a new fleet of Kalmar container handlers, aiming to optimize its operations and improve service delivery. The new fleet comprises four Empty Container Handlers and one Reach Stacker. The Empty Container Handlers will be deployed to handle empty containers, marking the first time Penang Port will fully insource this […]