Several carriers are now being penalized for scrapping their vessels on beaches in South Asia under hazardous conditions for workers and the environment. The world's largest largest investment fund, Norway's Government Pension Fund Global, has blacklisted five carriers for using beaching yards, where vessels are sailed directly onto the beaches in the tidewater zone and dismantled there.
New ECSA chairman: Slow down
A speed limit for ships is a quick and efficient way to reduce shipping's pollution, says the new chairman of the European Community Shipowners' Association, ECSA. In an interview with ShippingWatch, Panos Laskaridis explains that a speed limit would reduce greenhouse gas emissions significantly.
Maersk and IBM launch new company
Maersk Group and IBM announced Tuesday that they plan to establish a joint venture. "The aim of the new company will be to offer a jointly developed global trade digitization platform built on open standards and designed for use by the entire global shipping ecosystem. It will address the need to provide more transparency and simplicity in the movement of goods across borders and trading zones," they wrote.
Norden heads for first profit in six years
Six years have passed since Norden last delivered a profit on the bottom line in 2011 – but the carrier announced Tuesday morning that Norden will return to a positive bottom line for 2017. "This is a major move for us, when we think about where we're coming from with years of losses," says CEO Jan Rinbdo.
English Edit: Gretchen Deverell Pedersen