Adis Ajdin - 16/09/2021

DeepOcean awarded subsea cable repair contract by Equinor

Norwegian subsea services player DeepOcean has won a frame agreement contract from energy giant Equinor for the provision of contingency equipment and services for handling high voltage submarine cables. The contract will last for three years with options to extend up to four additional years. It co

A Adis Ajdin
Sam Chambers - 16/09/2021

Søren Toft vows MSC will be net zero by 2050

Mediterranean Shipping Company (MSC) has gone on the record to publicly state for the first time its intention to reach net zero carbon emissions by 2050. Speaking in a keynote address at the main conference held during London International Shipping Week, Søren Toft, MSC’s CEO, made the pledge, join

S Sam Chambers
Sam Chambers - 16/09/2021

European Commission comes under renewed pressure to make liner intervention

Ten global and European transport, port and shipper associations have written another letter to the heads of waterborne transport and antitrust at the European Commission in Brussels demanding immediate action be taken against global liners. The letter is a follow-up to one sent in April, which the

S Sam Chambers
Sam Chambers - 16/09/2021

Cosco settles case brought by American furniture shipper

MCS Industries has reached a swift settlement with China’s Cosco Shipping Lines, but has yet to resolve its differences with Mediterranean Shipping Co (MSC). At the end of July, MCS, an American furniture shipper, filed a $600,000 lawsuit with the Federal Maritime Commission (FMC) against MSC and Co

S Sam Chambers
Adis Ajdin - 16/09/2021

Maersk expands e-commerce footprint with acquisition of Portuguese tech start-up

A.P. Moller – Maersk is making its third acquisition this year within e-commerce logistics with the addition of HUUB, a Portuguese cloud-based logistics start-up, specialised in technology solutions for B2C warehousing for the fashion industry. Earlier in August, Maersk expanded its e-commerce footp

A Adis Ajdin
Hans Thaulow - 16/09/2021

Nigerian tanker player enters the VLCC trades

Nigeria’s Deep Frontline Shippers has emerged as the taker of the 17-year-old VLCC Starlight Venture, a ship reported sold by Taiwan’s U-Ming Marine Transport in the first week of September for $30m. The deal is an entry to this segment for the Nigerian tanker player. The 318,800 dwt tanker has sinc

H Hans Thaulow
Sam Chambers - 16/09/2021

DSME develops onboard CO2 storage tech

Daewoo Shipbuilding & Marine Engineering (DSME) has developed a technology to store carbon dioxide (CO2) captured in ship engine emissions. The South Korean yard said it plans to commercialise the technology as soon as possible. Onboard CO2 storage developments are making plenty of headlines this ye

S Sam Chambers
Sam Chambers - 16/09/2021

DP World to spend $415m developing fourth berth at London Gateway

DP World will begin work next month on a new £300m ($415m) fourth berth at its London Gateway logistics hub. Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, said: “As a central pillar of Thames Freeport, London Gateway’s new fourth berth will allow even more customers to benefit from w

S Sam Chambers
Adis Ajdin - 16/09/2021

America’s first large-scale offshore wind project seals $2.3bn loan

Vineyard Wind, a joint venture between Avangrid Renewables and Copenhagen Infrastructure Partners (CIP), has become the first commercial-scale offshore wind project in the US to reach financial close. The project has closed on an aggregate of around $2.3bn of construction and term loan financing wit

A Adis Ajdin