Trade in ocean-based goods and services is estimated to be worth at least $2.5 trillion per year – about 3% of global GDP in 2020. Ocean-based economic opportunities for which markets don’t exist yet, such as marine ecosystems services, are estimated to be worth at least $24 trillion. But these...
https://www.hellenicshippingnews.com/5-global-actions-needed-to-build-a-sustainable-ocean-economy/
Nippon Paint Marine’s ground-breaking nano-based antifouling FASTAR I® has been selected for the trio of energy-efficient box ships the Tsuneishi Group is building for China’s Jiangsu Ocean Shipping Co (JOSCO). The first 1091TEU ship in the series, Hull No SS297, is nearing completion at the shipbuilder’s facility in Zhoushan City, Zhejiang Province, China, and scheduled …
The post Fastar Is The Coating Of Choice For Josco’s Next Generation 1100TEU Liners first appeared on Hellenic Shipping News...
The Port of Liverpool in northwestern England is dotted with cranes loading and unloading cargo at container terminals. The China Xpress service of the British company Allseas Global Logistics is working to ensure the flow of goods continues unabated between China and Britain. With the launch of a...
American Bureau of Shipping (ABS) has granted Approval in Principle (AIP) for a design for a wind turbine installation vessel (WTIV) for China Ocean Shipping Company Limited (COSCO) by Friede and Goldman (F&G). The design is suitable for all offshore wind markets and is capable of installing 15 MW...
https://www.hellenicshippingnews.com/abs-aip-for-cosco-wtiv-designed-by-friede-and-goldman/
A.P. Moller – Maersk (Maersk) delivered record results for Q1 2022 across its businesses, driven by higher rates and strong long-term partnerships with customers seeking end-to-end supply chain support. Revenue was up 55pct. to USD 19.3bn, EBITDA more than doubled to USD 9.1bn and free cash flow...
MABUX World Bunker Index (as index calculated on current prices for 380 HSFO, VLSFO and MGO in the main world hubs) turned again into moderate upward evolution as of May 03: 380 HSFO – USD/MT – 743.45 (+9.68) VLSFO – USD/MT – 942.84 (+10.82) MGO – USD/MT – 1 276.30 (+27.13) The correlation of MABUX...
DBS Group Research’s Paul Yong has initiated coverage on Cosco Shipping International (Singapore) with a “hold” call and 26 cents price target, with a view that the company is well-positioned to ride on Singapore’s role as a regional logistics hub and that the management is eyeing possible acquisitions to grow this business. Cosco Shipping International …
The post DBS starts coverage of Cosco Shipping International with “hold” call, citing prospects in logistics first appeared on Hellenic...
The Baltic Exchange’s main sea freight index, which tracks rates of ships carrying dry bulk commodities, rose on Tuesday as both capesize and panamax segments strengthened. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 8 points, or 0.3%, to...
https://www.hellenicshippingnews.com/baltic-index-rises-on-stronger-capesize-panamax-rates/
In 2019, the European Green Deal was adopted to make Europe the first climate-neutral continent by reducing the EU’s greenhouse gas (GHG) emissions by at least 50% by 2030 and reaching zero net emissions by 2050, compared to 1990s levels. To achieve climate-neutrality, the transport sector needs to...
COP26 focused global attentions on the urgency of net zero targets. Since, the International Maritime Organization (IMO) has come under pressure to go beyond its initial target of halving emissions by 2050, towards a commitment to zero emission shipping. Maritime transport is responsible for about...
https://www.hellenicshippingnews.com/decarbonising-global-shipping/