Harald Solberg, CEO of the Norwegian Shipowners’ Association, fears that the green energy transition will move too slowly if policymakers don’t take further action soon, he tells ShippingWatch. Two initiatives in particular are necessary, he says.
Shippers are willing to pay more for ”green” transportation if it’s reliable. But they have to state their wishes more clearly, and prices have to be lowered, writes McKinsey in a new report, which provides suggestions for how to accelerate decarbonization.
A total of 12 dry bulk ships loaded with Ukrainian grain for export have sailed from the war-torn country since Monday last week, when the first ship was allowed to leave the Port of Odesa following a deal between Russia and Ukraine.
Two years at green research center have convinced Mads Peter Zacho that there is no way back for shipping. The transition to sustainable fuels is unavoidable and will be in the interest of all.
Shipping traffic in the Taiwan Strait is increasing again Monday, even though China is still carrying out military drills in the area.
Biofuels will enable Kuehne + Nagel to offer freight customers CO2-free container transport.
A shortage of modern MPP ships and an unexpected comeback for oil and gas means Hamburg-based United Heavy Lift is busy, Partner Andreas Rolner tells ShippingWatch. ”A year ago, we thought oil and gas was dead.”
An additional three vessels carrying grain have been permitted to sail out from ports in Ukraine, according to the Turkish Ministry of National Defense. A deal between Russian and Ukraine about ensuring Ukrainian grain exports is thereby given the seal of approval.
A VAT dispute in Latvia has now left ferry operator DFDS with millions of kroner in extra costs and a future of navigating a bureacratic minefield. However, the Danish carrier predicts challenges throughout the industry: ”It is only when it’s actually happening, that you realize it is a problem,” warns the company’s indirect tax manager.
Shipping companies are rerouting vessels after China has advised ships and aircraft to avoid regions near Taiwan where Chinese military exercises are carried out in a response to US House Speaker Nancy Pelosi’s visit on the island.
Authorities from Russia, Ukraine, Türkiye, and the UN have allowed the first dry bulk vessel carrying grain from Ukraine since Russia’s invasion to resume its voyage. The ship left Odesa on Monday.
Thus far in 2022, 162 LNG-powered ships have been ordered, according to classification bureau DNV. One segment is especially prominent on the order list.
China’s launch of military exercises around Taiwan in relation to US House Speaker Nancy Pelosi’s visit on the island may disrupt one of the world’s busiest waterways.
There will be no price reductions on container freight for Maersk customers. Even though French carrier CMA CGM has yielded to political pressure and lowered its freight rates, its Danish competitor denies it will follow suit, the carrier tells ShippingWatch.
Biofuel supplier GoodFuels and dry bulk carrier Spar Shipping have achieved a reduction by at least 75% in both CO2 and sulfur emissions during a trial with sustainable biofuel on dry bulk ship Spar Lynx.
State Governor Gavin Newsom wants California to have installed 20GW of offshore wind capacity in 2045.
Two commodity traders indicate several aspects lacking in the deal meant to ensure export of the many millions of tonnes of grain stuck at Ukrainian ports, saying it’s unrealistic to believe the deal will have any noteworthy impact.
Removing sea mines in the Black Sea and providing safe passage for a fleet of dry bulk ships is only one of the conditions that must be met for the grain export deal between Russia and Ukraine to be carried out. Security firm Dryad Global comments on the agreement to ShippingWatch.
The two carriers operate under the often criticized tonnage taxation scheme, and have effectively halved their tax rates during the second quarter of this year, Sea-Intelligence calculations show. The analyst bureau predicts political opposition to the scheme.
X-Press Feeders aims to ensure lower operating costs and carbon emissions from the carrier’s fleet through Zeronorth’s digital platform.
The Federal Maritime Commission has appointed a new unit with the task of investigating and prosecuting those violating the country’s shipping legislation.
In the wake of towering freight rates and massive delays, the European Commission has commenced an investigation of liner companies’ special exemption from the union’s competition rules. Industry players will have the opportunity to submit documents ”relevant to the evaluation,” spokesperson says.
Small and medium-size companies deem the elevated freight prices one of their main problems, calling upon authorities to ensure fair competition. The OECD says the container industry enjoys shamelessly favorable conditions.
The shipping industry could end up facing a significantly larger fuel bill once alternative fuels become a reality, Alphaliner warns.
The International Monetary Fund downgrades its growth forecast for 2022, with the risk of a recession next year being particularly prominent.
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