HHLA successfully tests mobile robotics in rail operations
Hamburger Hafen und Logistik AG (HHLA) and the Fraunhofer Center for Maritime Logistics and Services (CML) have successfully concluded the “Pin Handling mR” project. The aim of the IHATEC project was to develop a mobile robot to automate the manual repositioning of pins on container wagons. The rail handling solution was tested under real-life conditions […]
Arkas Line commences new West Africa Service
To boost its operations in the West Africa trade lane, Arkas Line plans to add solely-operated services, expand its regional network, and improve overall efficiency. Following its recent expansion into India with the India Med Service, Arkas Line will now commence the West Africa Service (WAS), which will be operated by the company’s boxships Mario […]
Which sectors are suffering the most from tariffs?
Donald Trump’s 10% tariffs across all countries came into effect Saturday, with stock markets in Asia taking another battering today. Wednesday will see the much higher so-called reciprocal US tariffs come into effect with listed shipping companies facing up to the realities of an impending global trade war. Shipping equities came under intense pressure last […]
NYK orders its first methanol dual-fuel VLCC
Japanese shipping line Nippon Yusen Kaisha (NYK) is adding a first methanol dual-fuel very large crude oil carrier (VLCC) to its fleet. The Tokyo-headquartered behemoth has signed up for a 339.5 m long, 309,400 dwt newbuild at fellow builder Nihon Shipyard (NSY), a joint venture between Imabari Shipbuilding and Japan Marine United. The unit is […]
Universal carbon levy unlikely at this week’s IMO green gathering
Member states of the International Maritime Organization (IMO) will discuss a carbon price on international shipping–the world’s first global pricing of emissions on any sector–at the 83rd session of the Marine Environment Protection Committee (MEPC 83) meeting in London this week. However, there are enough powerful nations – including the US – who are against […]
IMM takes full control of Hyundai LNG Shipping
Local private equity firm IMM has spent KRW173.3bn ($118.5m) to buy 20.77% of Hyundai LNG Shipping from Daishin Private Equity giving it full ownership of the Korean gas shipowner. IMM originally acquired the company in 2014 from HMM. Two years ago, IMM attempted to sell the company back to HMM, but negotiations collapsed over price. […]
LPG pipeline crossing Panama planned
The Panama Canal has authorised the opening of a bidding process for a new LPG pipeline that will free up slots on the busy interoceanic waterway. The pipeline is set to allow LPG vessels to discharge at one end of the canal, while other tankers can pick up the cargo at the other end. “This […]
CMA CGM signs five-year $110m AI deal
French liner giant CMA CGM has teamed with compatriot tech firm Mistral AI, opening EUR100m ($110m) over the next five years to deploy bespoke AI solutions for the group’s shipping, logistics, and media activities. As part of the agreement, a dedicated team of Mistral AI’s specialists will be based at CMA CGM’s headquarters in Marseille, […]
Is the era of rules-based globalisation and free trade over on the back of tariff wars..??
When the world’s largest economy tariffs the whole world, naturally the world will respond.. But can that response place the global trade order at risk..?? “The era of rules-based globalisation and free trade is over.” That line, delivered by a small but global shipping hub in Southeast Asia, might sound like a dramatic punchline, but […]
UK green lights RWE’s 1.2GW offshore wind farm
The UK government has granted development consent to the 1.2GW Rampion 2 wind farm offshore Sussex. The wind farm is a proposed extension to the 400MW Rampion offshore wind farm that has been online since 2018. The development consent order was issued by the UK energy secretary, Ed Miliband, last Friday. The Rampion 2 developer […]