The Surprising Benefits Of Hybrid Ships: Saving Money Now And In The Future

  • Hybrid ships offer significant cost-saving advantages in fuel efficiency and emissions reduction, making them an attractive investment for forward-thinking shipowners.
  • Beyond immediate savings, hybrid vessels also provide a promising pathway for even greater financial benefits in the future with the adoption of alternative fuels.

Hybrid vessels, incorporating both conventional engines and rechargeable batteries, are gaining traction in the maritime industry due to their ability to enhance...

https://mfame.guru/the-surprising-benefits-of-hybrid-ships-saving-money-now-and-in-the-future/

Filipino seamen at greater risk in Red Sea war zone

THE Filipino seafaring community has garnered significant attention lately, particularly with the recent arrival of survivors from the fatal bulk carrier attack in the Gulf of Aden, reports Singapore’s Splash 247. Additionally, the government has pledged intensified efforts to secure the release of the crew abducted nearly four months ago from a car carrier by the Houthis. Manila authorities are now collaborating with diplomatic representatives from other nations to negotiate the release of 25...

https://www.seanews.com.tr/filipino-seamen-at-greater-risk-in-red-sea-war-zone/199890/

IM Motors raises US$1.1 billion to work on smart cars

IM MOTORS, a premium electric vehicle brand of state-owned Chinese automaker SAIC, said it has raised more than CNY8 billion (US$1.1 billion) to work on new smart car models and technologies, reports Reuters. IM Motors’ Series B round of equity financing was among the biggest investments into Chinese EV brands in the past two years, following Abu Dhabi-based CYVN’s combined $3 billion investments into NIO and Stellantis’ $1.6 billion purchase of a 21 per cent stake in Leapmotor. IM Motors,...

https://www.seanews.com.tr/im-motors-raises-us-1-1-billion-to-work-on-smart-cars/199884/

Philippines forwarders move 17pc less air cargo in ’23

IN 2023, international air freight forwarders managed 302.140 million kilogrammes of cargo, marking a 17 per cent decrease from the previous year, reports Manila’s PortCalls Asia. Nippon Express Philippines led the pack, lifting 44.78 million kilogrammes, constituting 14.82 per cent of the total cargo handled. Various shipment methods, including direct shipments, consolidations, and breakbulking, all experienced declines throughout the year. Conversely, domestic air freight forwarders saw a...

https://www.seanews.com.tr/philippines-forwarders-move-17pc-less-air-cargo-in-23/199895/

Lufthansa Cargo extends its IATA CargoIS deal

THE International Air Transport Association (IATA) announced that Lufthansa Cargo has renewed and expanded the scope of its agreement to utilise CargoIS for its air cargo data needs, extending a partnership that has spanned over a decade. ‘We are pleased to announce the extension of our partnership with IATA through CargoIS,’ said Lufthansa Cargo CEO Ashwin Bhat. ‘The market intelligence IT has played a key role in shaping our planning and improving our operational efficiency,’ he said. As part...

https://www.seanews.com.tr/lufthansa-cargo-extends-its-iata-cargois-deal/199892/

AmCham survey shows foreign firms slowing China expansion

Foreign companies are slowing expansion in China as they weigh its slowing economy and tensions with the US, according to a recent survey, reports Caixin. The American Chamber of Commerce (AmCham) in South China published results of a survey showing that 40 per cent of companies studied polled they are not planning to expand in China over the next three years, a rise of nine per cent from a year ago. Still, the majority retain a positive outlook on China’s long-term economic prospects, a survey...

https://www.seanews.com.tr/amcham-survey-shows-foreign-firms-slowing-china-expansion/199887/

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon