Meeting 2030 emissions targets will be easy compared to the following 20-year period when shipping is aiming to reach net zero emissions targets, which will require a sea change in the way maritime business is done.
Cairo-based shipowner United Marine Egypt (UME) is expanding in the bulk cargo market with an order at China’s New Dayang Shipbuilding for two bulkers.
Salvage teams in Baltimore are preparing to remove the section of bridge from Dali to free the stuck container ship.
Fast growing container line SeaLead has shifted senior executive Ashok Pillay into a new role as Managing Director for North and Southeast Asia as it looks to expand in the region.
Chinese shipowner New Legend Group is set to move into the tanker market with a newbuilding order at Huanghai Shipbuilding.
Container line Maersk says the risk area from Houthi attacks has expanded further offshore lengthening the rerouted voyages and increasing costs.
Namibia, a potentially energy-rich West African country, could stimulate new crude oil trades for tankers including VLCCs and Suezmax vessels by the end of this decade.
Taiwan’s largest shipping company, Evergreen, is reported to have ordered six dual-fuel 2,400-teu feeder ships at Huangpu Wenchong Shipyard.
The world’s first ammonia dual-fuel vessel has successfully completed another phase of its ongoing sea trials in Singapore.