A week ago we wrote that the latest round of consolidation in the container shipping sector appeared largely complete with regulatory approval for Cosco Shipping to buy Orient Overseas International Ltd (OOIL), but yesterday up pops the story that CMA CGM had approached rival Hapag-Lloyd on a stock-for-stock merger.
Aegean Marine Petroleum Network- a seller of marine fuels, listed on NYSE with symbol “ANW”, has had a difficult voyage lately. A happier journey may be looming, if the positive turn outlined in a recent news release works out as described.
Always at the vanguard of new technology adoption in shipping, Hong Kong-based boxshipping line Orient Overseas Container Line (OOCL) is fully committed to making a step change in the way the container shipping business is run as it works with Microsoft Research Asia (MSRA), Microsoft’s world-class research arm, on an 18-month joint-partnership to apply Artificial Intelligence (AI) research to improve network operations and achieve efficiencies.
The extreme dangers of the nickel ore trade, where liquefaction of the cargo can cause a vessel to sink in a matter of minutes are, well known but enforcing regulations on this valuable business has proved to be difficult in remote mining and loading locations.
This year’s Seatrade Awards was a celebration of 30 years rewarding excellence across the shipping industry. The event had a celebratory feel which culminated in the last award which was given to Dr Ravi K. Mehrotra, CBE, Executive Chairman, Foresight Group for the Lifetime Achievement Award 2018.
Shipowners will neeed to do more than simply tweak existing vessel designs and business models if they are to meet the International Maritime Organization's (IMO) ambitious target to reduce greenhouse gas (GHG) by 50%.
As the challenges mount for global shipping, there is a greater need for ever higher levels of efficiency. This was the premise for the setting up of the Port Call Optimisation Task Force, which was driven by calls from major shipping companies such as Maersk, MSC, CMA CGM and Shell for greater efficiency to help them plan their port and shipping operations better.
Talk of regulation was never very far away at Posidonia last week with the 2020 sulphur cap dominating, along with the greenhouse gas (GHG) emissions question, and the Ballast Water Management Convention.