The world’s largest cruise liner company Carnival Corporation is about to shed 13 ships from its fleet though demolition and sales deals as it works on cutting maintenance costs and curbing the impact of the COVID-19 pandemic on its business.
Several industry majors led by the Port of Rotterdam are rolling out a new pilot blockchain project, in which containers are handled and released without a PIN code: a widely used verification method in this transport segment.
Globalisation has been one of the buzzwords of the past 25 years.
Maersk, owner and operator of the world’s largest container shipping fleet, has sold a 9, 640 TEU containership Sine Maersk for demolition in Turkey.
The outlook for the global shipping sector for the coming 12 to 18 months remains negative, according to Moody’s new report.
New shipbuilding orders in the first half declined 57% to the lowest levels seen this century, according to data from Clarkson Research Services. Just 269 ships – equivalent to 5.75m cgt – were contracted in the first six months around the world, putting many yards in jeopardy of running out of business in the coming year.
Ship owners have intensified their interest towards second hand dry bulk carriers, most notably Capesizes, as a result of the recent market rally. In its latest weekly report, shipbroker Allied Shipbroking said that “on the dry bulk side, a very strong week in terms of activity noted was due. The main driver was the Capesize segment, where a significant number of vessels changed hands as of late. This, however, may well be down to the mere fact that we have seen an excessive bullish trajectory in freight returns during the past month or so. Moreover, given the general improved levels in freight rates and the better sentiment, it is yet to be seen whether we will continue seeing a very vivid SnP market, with an attuned buying appetite being shared across all the main size segments. On the tanker side, a w-o-w growth in transactions was noted, with overall activity though remaining at relatively uninspiring levels for a fair period now. During the past week, we saw a fair movement only…
Container shipping major Mediterranean Shipping Company (MSC) has joined the Smart Maritime Network, an industry membership group focused on increasing the compatibility, standardization, and harmonization of the technology used in the shipping industry.
Container lines have done well during the global pandemic, but are they profiteering from the crisis and can anything be done to prevent more carrier-shipper animosity?
Chinese state-run shipping giant Cosco Shipping has entered into an agreement with e-commence conglomerate Alibaba and its fintech affiliate Ant Group to collaborate on blockchain applications in shipping.
A consortium comprising C-Job Naval Architects, LISA, SeaZip Offshore Service, Sea Machines, MARIN, and eL-Tec elektrotechnologie has unveiled a concept design for an Autonomous Guard Vessel (AGV), to be used for surveillance of offshore wind infrastructure, from wind farms to substation platforms and cable routes.
Register 15 July https://event.webinarjam.com/register/80/1nmz5b3q 0:800 BST
India welcomes today the largest ever boxships to call at the country.
Some of the world’s largest shipowning organisations have written to Virginijus Sinkevičius, the European Commissioner for the environment, oceans and fisheries, urging for a delay of its impending shipping hazardous materials regulation.
A group of armed men attacked the FPSO Sendje Berge some 30 nautical miles southwest from Bonny Island, earlier today, kidnapping some of its crew members.
The dry bulk S&P market maintained a healthy volume of transactions for yet another week with increasing interests across all sizes on the back of further firming capesize rates while asset prices remain attractive. On the contrary, the tanker S&P market saw limited activities, aligning with the weak sentiment in the tanker chartering market.
A staggering number of seafarers is being impacted by the inability to carry out crew changes due to the COVID-19 restrictions imposed on travel by national governments across the globe.
Danish ferry and logistics company DFDS will lay off around 650 people in the coming months as part of its measures aimed at adapting to post COVID-19 market conditions.
Permettre les relèves d'équipages pour éviter une crise humanitaire http://www.imo.org/fr/mediacentre/whatsnew/pages/default.aspx
The European Commission has approved the prolongation until the end of 2023 of various Italian support measures for maritime transport under Italy’s International Registry scheme.
El mundo depende del transporte marítimo: es necesario mantener los buques en movimiento, dicen la OMI y la @UNCTAD https://bit.ly/2Uu0C3U
Celebrating the oceans on World Oceans Day – a message from IMO Secretary General Kitack Lim: https://bit.ly/2MGeMus Français: https://bit.ly/3dJKBi6 Español: https://bit.ly/2BKb4Oq #WorldOceansDay