Shipping off track to meet 5% zero-emission fuel target by 2030
The global shipping industry is not on track to meet its target of having zero-emission fuels account for 5% of all fuels by 2030. That’s according to a new report from the UCL Energy Institute, UN Climate Change High-Level Champions, and the Getting to Zero Coalition which is a Global Maritime Forum initiative), with the […]
Where Singapore can improve its maritime offering
Splash identifies areas Singapore could bolster to ensure it remains a leading maritime hub. There’s never been any complacency when it comes to Singapore’s maritime dominance. The authorities working with the private sector are constantly looking at areas to improve the republic’s hub status, never satisfied with sitting still, acutely aware of how other maritime […]
Essberger in for up to six chemical tanker newbuilds
Germany’s John T. Essberger has set out to expand its chemical tankers fleet with up to six newbuilds in China. The Hamburg-headquartered company has contracted two firm 13,000 dwt 1A ice class units at Nantong Rainbow Offshore & Engineering Equipment with options for four more. No price has been divulged for the 132-m-long newbuilds, which […]
Offshore vessels seen as best investment in shipping today
Many segments in shipping are enjoying highly profitable times, however, the single best investment owners could make today is in offshore support vessels, according to a new analysis unveiled in Singapore yesterday. Speaking at Marine Money Asia, Dr Adam Kent, managing director of British consultancy Maritime Strategies International (MSI), gave his broad take on all […]
Who’s holding up the take-up of AI in shipping?
The September issue of Splash Extra leads with coverage of the Data Revolution session at this week’s Maritime CEO Forum in Singapore, a panel debate that had a strong focus on artificial intelligence and machine learning, and the barriers within shipping organisations to adopt such technology into daily operations. Panellists suggested that it is not […]
Commercial teams seen holding up shipping’s tech progress
Commercial teams rather than their peers in technical departments are seen as stymying tech take-up at shipping companies around the world, according to a senior panel of experts on stage at Monday’s Maritime CEO Forum held at the Fullerton Hotel in Singapore. The exclusive by-invite-only gathering saw four panels cover topics ranging from dry bulk […]
Your maritime conference guide
“That’s news to me.” The reaction of one prominent shipowner in conversation with a colleague on being told he was down to speak at a well-known shipping conference in a few weeks time. The conference scene is getting back into very high gear, and here’s some advice to sort out the wheat from the chaff. […]
September 2024 Review
Global liners gave clients a look at container networks from next year ahead of February’s alliance reshuffles. THE Alliance will become the Premier Alliance from next February, with Ocean Network Express (ONE), HMM and Yang Ming Marine Transportation as partners, and Mediterranean Shipping Co (MSC) helping plug gaps on Asia-Europe tradelanes. From the end of […]
Plenty of contextual volatility for tanker markets to enjoy
In the semiarticulate language of social media, “what oil market doing?” has been the question to answer in the last month. The latest available stats say that global oil production in July was up 239,000 barrels per day, with non-OPEC additions of 262,000 barrels per day offsetting OPEC reductions of 23,000 barrels per day. OPEC+ […]
Ready for the Q4 bulker bump?
On September 9, 2023, the Baltic Capesize Index hit a seasonal low of 997 points. From there it fizzed upwards to a peak of 3,485 points on October 9 before taking a breather then climbing to a peak of 6,582 points on December 5. This year, the seasonal low came earlier and was much higher, […]