COSCO and Kansai Paint roll out “improved” zinc-coated containers
China’s state-owned COSCO shipping group and Japanese paint company Kansai Paint are producing zinc-coated containers in a pilot test of the anti-corrosion technology. Its joint venture with Kansai Paint, COSCO Kansai, has completed coating 700 20-foot containers with graphene zinc powder, more than a year after working with COSCO unit Shanghai Universal Logistics Equipment to […]
COSCO names world’s first ship-based marine factory for CO₂ capture
On 20 February, the world’s first Floating Production Storage and Offloading (FPSO) unit equipped with offshore Carbon Capture and Storage (CCS) technology was named AGOGO FPSO at COSCO SHIPPING Heavy Industry in Shanghai. This vessel stands as one of the most environmentally friendly FPSOs globally, according to the Chinese company’s statement. Transformed from a 320,000-dwt […]
Frontline seals four-ship refinancing
John Fredriksen’s Frontline has secured a fresh refinancing deal for four of its vessels. The New York- and Oslo-listed tanker giant said it had entered into three senior secured credit facilities of $239m in total, which will refinance three VLCCs and one suezmax vessel and, in addition, provide revolving credit capacity in a total amount […]
Miclyn Express Offshore changes name to Aesen
Singapore-based offshore vessel operator Miclyn Express Offshore (MEO) has officially changed its name to Aesen. Following the rebrand, the company will effect respective entity name changes progressively. Clients, vendors, and business partners will be notified as these changes take effect. All other company details remain unchanged. The OSV operator took inspiration for the name from […]
MSC revises Asia to North America West Coast service network
Swiss/Italian ocean carrier MSC has decided to proceed with announced changes to its standalone network of its East/West services. In particular, the company will move the vessel fleet deployed on the Mustang service into the Pacific Northwest. “In response to the current market conditions for Transpacific trade, we have decided to deploy tonnage intended for […]
CMA CGM launches new Spain-Algeria direct service
CMA CGM – Short Sea Lines Division has announced a new loop, ALGA 2, in its EURONAF services. The new weekly service aims to connect the Algerian market with two major Spanish ports, offering direct connections. In particular, ALGA 2 will connect Algeria’s port of Alger with the ports of Valencia and Barcelona. The French […]
FreightdayFact #09/2025 – Essentials of Bunker Pricing
Because every Friday deserves a #FreightFact.. As you know. the motto of this site has always been SEEK * LEARN * KNOW * GROW wherein we learn from each other and empower each other about our industry.. To enable this knowledge and understanding and to kick off the New Year 2025, I started sharing a […]
Maersk explores ship recycling in Egypt
Maersk has signed a memorandum of understanding in Egypt to explore green ship recycling in the Middle Eastern nation as part of the government’s bid to be less reliant on imported scrap metal. The planned demolition yard will be created at Damietta port to the west of Port Said on the Mediterranean and will be […]
Geneva Dry Dialogues: Kpler
As the week comes to an end there’s signs that the dry bulk markets – led by capes – are picking up finally. Will this mini-revival be sustainable all the way through to the end of April when Geneva Dry, the global dry bulk summit, returns for its second edition? Alexis Ellender, the lead analyst […]
Salvors struggle to refloat MSC boxship off Newfoundland
Thirteen days on from its grounding off Newfoundland, salvors are struggling to work out how to remove the MSC Baltic III from the icy, stormy shoreline near Lark Harbour. With reports emerging of a hull breach, and the ship carrying 1,710 tonnes of heavy fuel oil, local media is reporting the authorities are looking at […]