Shipping

  • US Paris exit may spur shipping emissions...

    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.

  • Ship Demolition Market Hits Standstill, While...

    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”.

  • GMB seeks help from Shipping Ministry to develop...

    Gujarat Maritime Board (GMB), which administers and regulates the 41 state-owned non-major ports of Gujarat, has sought assistance from the Union Ministry of Shipping for developing a Maritime Cluster, the first in the country.

  • 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.

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Global bunker fuel supplier Aegean Marine focuses on four-pronged growth strategy

Global bunker supplier Aegean Marine Petroleum Network’s new leadership team is pursuing four main strategic initiatives — rationalizing the company’s global platform for asset optimization, executing cost saving initiatives, capitalizing on key business development projects, and generating new revenue streams — to grow the business amid challenging market conditions, the company said during its second-quarter earnings call.

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Smart shipping is the key focus of ISSS summit

Major players from global ship owning, shipmanagement and associated service industries such as satellite communications and maritime clusters are among the confirmed speakers at the Fourth International Shipowning and Shipmanagement Summit (ISSS), to be held during London International Shipping Week 2017.

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