InductEV and ITS launch wireless EV charging at Port of Long Beach
InductEV, a wireless electric vehicle charging solutions firm, is set to deploy its high-power inductive chargers in collaboration with the International Transportation Service (ITS) at the Port of Long Beach. ITS recently secured a US$3.3 million grant from the California Energy Commission (CEC) to showcase advanced charging technologies tailored to the specific needs of medium- […]
CMA CGM warns of storm disruptions in North European ports
CMA CGM has announced that the passage of several storms from the Atlantic into European waters in recent and upcoming days may cause disruptions across the ports in North Europe. “High winds and a large swell will see passages across the Bay of Biscay disrupted until Friday January 31 and there are currently weather warnings […]
Hapag-Lloyd’s preliminary figures show over US$20 billion in annual revenue
Hapag-Lloyd announced that its transport volumes rose by approximately 5% to 12.5 million TEUs in 2024, despite longer voyage times caused by ship rerouting via the Cape of Good Hope due to security concerns in the Red Sea. Additionally, based on preliminary and unaudited figures, the German carrier’s revenues grew to US$20.7 billion, largely due […]
Baltic Sea faces potential shipping fees amid rising security costs for undersea cables
According to Estonia’s Defense Minister Hanno Pevkur, shipping companies might soon face charges for using the Baltic Sea to offset the rising costs of safeguarding undersea cables. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don’t have an account? Register If you liked this […]
Russian-linked ship-to-ship transfers spike in wake of US sanctions
Ship-to-ship transfers of Russian-linked oil have spiked dramatically this month in the wake of America’s largest sanctions package aimed at Russia’s shadow fleet. Data from maritime risk analytics firm Windward shows there has been a 366% increase in Russian-related ship-to ship transfers of crude and products in the Sea of Crete and a 370% increase […]
Landlocked Switzerland becomes a top 10 shipowning nation thanks to Aponte’s MSC
One family has propelled a landlocked European nation into the top shipowning countries in the world. Gianluigi Aponte’s Geneva-based Mediterranean Shipping Co (MSC) has been on a historic fleet expansion in the 2020s, hoovering up more than 400 secondhand boxships, and ordering more than 3m teu of newbuilds, pushing MSC to the top spot in […]
Don’t be too fixated on price to NAV
Pierre Aury has some advice for would be shipping investors. An old topic for a new year. I’ve already made my opinion quite clear about the fact that shipping companies trading in competitive spot markets should not be listed. In this column we will acknowledge how wrong it is that a number of these companies […]
Scorpio Tankers ups stake in DHT to above 5%
Emanuele Lauro-led Scorpio Tankers has taken its shareholding in VLCC giant DHT Holdings to above 5%. In a release to the Securities and Exchange Commission, DHT revealed Scorpio had taken its shareholding in the company from 4.9% to 7.45%, spending $131.5m to bolster its position. Splash first reported on Scorpio’s initial 4.9% DHT investment in […]
Robert Hvide Macleod invests in Siglar Carbon
A well-known name in Norwegian shipping circles, Robert Hvide Macleod, has invested in shipping emissions analytics company Siglar Carbon. “His impressive track record as a partner at Glencore and CEO at Frontline, combined with his commercial expertise, industry insights, and strong reputation, makes him an invaluable asset in our mission to drive smarter emissions-based decision-making […]
Chinese chief engineer jailed in the US
A Chinese chief engineer, Fei Wang, 38, has been sentenced in the US to three months in prison and three years of supervised release over an oily bilge water release last year. Wang was working on the ASL Singapore, a Chinese-owned bulk carrier, when it was inspected in New Orleans by the US Coast Guard […]