Congestion across the supply chain following the pandemic is currently eating up around 15 percent of the bulker industry, says CCO Vandita Pant at BHP. She predicts that the commodities market will remain strong, but sees no supercycle.
Biomethanol could be a transition fuel for Maerk's new vessels until the production of green methanol reaches a scale that enables it to satisfy the demand, said Maersk exec Berit Hinnemann during ShippingWatch's Decarbonizing Shipping conference.
Just now, dual-fuel is the golden buzzword for carriers ordering new large vessels, and it is equally significant for engine manufacturer MAN Energy Solutions. However, it isn't a viable solution for small and mid-sized product tanker vessels, says CEO of Hafnia Mikael Skov to ShippingWatch.
US maritime authority FMC continues investigations into eight container carriers for fees charged in relation to bottlenecks and delays. "I am particularly concerned by the proliferation of fees," says chair Daniel B. Maffei to ShippingWatch.
With a new proposal for the IMO's climate committee, the European Commission is kicking off a discussion that is still in its nascence: that carbon emissions from new alternative fuels need to be measured from the point of extraction or the start of production and include the entire value chain.
By 2030 at the latest, Stena Line plans to deploy two electric ferries on the route between Sweden and Denmark. The ferries will be battery-driven, approximately 200 meters long and be able to fit 1,000-1,500 passengers.
There are no signs that the congestion issues affecting major container ports near Los Angeles and Long Beach are on the verge of resolution. On a global level, the time spent in port for vessels has increased by 11 percent in the last six months, according to analyst firm.
Covid-19 has divided the shipping world in two. Asia is still inaccessible when it comes to crew changes, while the situation is all but normal in Europe and the US, report Hapag-Lloyd captains. Seafarers were trapped on board vessels for months on end.
Maersk won't be the only carrier to announce an upgrade due to a red-hot container market fueled by sky-high rates and massive demand. Others will raise their expectations as well, according to SEB Enskilda and Sydbank.
LNG must be eliminated from the list of future alternative fuels, FuelEU, says the spokesman of green parties in the European Parliament, Michael Bloss, to ShippingWatch. Further, ETS must be much more ambitious.
Chinese Cosco has reached a settlement with furniture group MCS Industries in the complaint cause where the carrier stands accused of colluding with MSC and manipulating pricing in the container market. MSC is not a part of the settlement, the carrier informs ShippingWatch.
As one of the major US importers, Ikea shares part of the responsibility for carbons emissions from the container fleet, as established by a recent report. Sea freight is important for our carbon plans, Ikea tells ShippingWatch.