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Seafarer welfare focus of IMO World Maritime Day event

  Seafarer voices were front and centre on IMO’s World Maritime Day, with an all-seafarer panel discussing a number of issues relating to this year’s theme of ‘Seafarers at the core of shipping’s future’. The event on September 30 saw port captain Ayse Basak, ordinary seamen Yrhen Balins, and ship captains Marwa El Selehdar and Thomas […]

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First ship to operate on synthetic natural gas (SNG) started its trial voyage

  In a world-first for the marine industry, Unifeeder-operated vessel ElbBlue was fuelled with liquefied SNG for a trial voyage in a major boost for the shipping industry’s efforts to reduce its carbon emissions. The liquefied SNG, produced at Kiwi’s Power-to-Gas facility in Werlte, Germany is a synthetic form of LNG that is carbon-neutral and

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Ocean freight rates have increased more than 91% in a year

Xeneta’s Long-Term XSI® Public Indices today revealed yet another monthly hike in long-term ocean freight rates, with global container prices climbing by 3.2%. The development follows a 2.2% increase in August and an unprecedented 28.1% jump in July, leaving rates now standing 91.5% up year-on-year. What’s more, comments Oslo-based Xeneta, there is little evidence to

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Carbon intensity database for world maritime fleet

A credit rating and analysis firm based in Germany has launched the first dedicated database to display Carbon Intensity Indicator (CII) ratings for the world’s commercial maritime fleet. According to Scope ESG Analysis, the database product which is known as Ship Review, will enhance the transparency of ships’ environmental, sustainability, and reliability/safety performance. Based on

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Canada Pension Plan becomes owner of giant Ports America terminal operator

Canada Pension Plan Investment Board has announced that it has entered into a definitive agreement to become the 100% owner of Ports America, North America’s largest marine terminal operator, through the acquisition of an interest from funds managed by Oaktree Capital Management, L.P. Financial details were not disclosed, though Bloomberg valued the deal at US$4 billion. CPP

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(On our Forum)Fantasy Island and the realities of decarbonisation…

By Michael Grey* One of my happiest assignments was during the 1970s when I found myself the part-time “Maritime Editor” of the new children’s weekly “Speed and Power”. It was a wonderful role, with a readership that could be relied on to respond vigorously to just about everything the journalists said in their pages. And

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Samskip acquires shortsea carrier to widen Baltic footprint

Rotterdam-based transport group Samskip has announced the acquisition of shortsea specialist Sea Connect aiming to broadened its Baltic operations. The Lithuania-based shipping company, which will be renamed Samskip Sea Connect, offers shortsea services connecting Russia, Lithuania, Denmark, Germany and the Netherlands. Additionally, Sea Connect operates three 1A Ice Class container vessels calling twice a week

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