Shipping

  • Damen Green Solutions introduces new Modular...

    Cuts time spent in dock from weeks to days

    Damen Green Solutions (DGS) in partnership with Damen Shiprepair & Conversion (DSC) and AEC, the scrubber supplier, is trialling a new technique for retrofitting scrubbers.

  • LNG Emerging as Marine Fuel

    The main fuel for ships changed from coal to petroleum such as heavy fuel oil (HFO) 100 years ago. Now, liquefied natural gas (LNG) is rapidly emerging as their next main fuel.

  • LNG Emerging as Marine Fuel

    The main fuel for ships changed from coal to petroleum such as heavy fuel oil (HFO) 100 years ago. Now, liquefied natural gas (LNG) is rapidly emerging as their next main fuel.

  • CMA CGM launched new India-Middle East-Africa...

    CMA CGM launched second Midas container service, which will connect India and Middle East with Southern and Western Africa through the Indian Ocean. The container carrier offers its customers a new service to Africa, which will reduce the transit time and will give new ports of call to accompany its classic Midas service. CMA CGM continue developing its service in fast economic developing Indian region and the countries of Africa, trying to benefit from the economic growth of the two areas. The Midas 1 and Midas 2 services will be operated with two partners, through a VSA (Vessel Sharing Agreement) that will allow the deploying of 16 ships on 21 ports of call on both services.

  • COSCO and Qingdao Sign Silk Road Deal

    Chinese shipping and ports operator COSCO and the fully automated Chinese container port of Qingdao have agreed to cooperate to develop port businesses in China and abroad.

  • Shipping could benefit from increased world trade...

    China’s Belt and Road Initiative is slowly taking shape, as was evidenced over the course of the past few days. However, exactly how will shipping benefit from this colossal project is still a bit hazy, although most analysts would argue that the potential is there. 

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US Paris exit may spur shipping emissions cooperation

US president Donald Trump’s decision to remove the US from the Paris climate accord, which aims to prevent temperatures from rising 2°C above pre-industrial levels by curbing carbon emissions, is going to have a “coordinating” effect on other countries to limit carbon emissions through the International Maritime Organization (IMO), secretary general of the International Chamber of Shipping (ICS) Peter Hinchcliffe told Argus.

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Ship Demolition Market Hits Standstill, While Shipping Needs More Scrapping To Recover

While all shipping markets are eagerly awaiting for more ship scrapping activity moving forward, in order to be able to alleviate the tonnage oversupply and stage a viable and sustainable recovery, things don’t seem to be able to move that way. In its latest weekly report, the world’s leading cash buyer of ships, GMS, said that “negotiations, fixtures and overall local activity ground to a virtual standstill this week with most end buyers focusing their attention on the budgets of Pakistan and Bangladesh, before deciding on whether to / what to offer on future tonnage”.

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