The economic centre of gravity is slowly refocusing on regional developments in South America and Asia, and seeing the mature consumer markets lose out to the emerging economies, but that long-term change is slow and far from linear.

Multinational mining group, Rio Tinto, is to install an OceanGlide air lubrication system developed by Alfa Laval on one of its bulk carriers.

SSY Global Head of Research Roar Adland likens algorithms difficulty of dealing with the unpredictability of shipping to that of disabling an autonomous vehicle with a traffic cone.

In setting out its 2030 strategy Hapag-Lloyd plans to continue investing in its core business of container shipping as well as growing its terminal portfolio.

Norwegian ballast water system manufacturer, Optimarin, has acquired Hyde Marine, part of Italy’s Industrie De Nora as the company lays out its corporate development strategy.

The four 10,800 ceu car carriers being built at CSSC Guangzhou Shipbuilding International (GSI) for HMM will be fitted with MAN B&W 8S60ME-GI engines.

A growing number of container vessels are being retrofitted to use methanol as fuel with latest move from Hapag-Lloyd for ships chartered from Seaspan Corporation.

Singapore-headquartered Trafigura is to install a real-time emissions monitoring system developed by Daphne Technology aboard a chartered LNG carrier managed by Monaco-based Latsco LNG LLC.

Euronav Ship Management Hellas’ managed vessels will be managed by Anglo-Eastern under a sale and purchase agreement.