Maersk Growth, the corporate venture arm of A.P. Moller – Maersk, invests in Vertoro – a Dutch start-up focused on developing liquid lignin technology which can be used as a marine fuel. Copenhagen, Denmark, and Geleen, Netherlands – Maersk’s investment will be used to further develop and commercialise Vertoro’s patented liquid lignin technology, and it […]
Maersk invests in Vertoro to develop green lignin marine fuels Read More »
New legislation introduced to the U.S. Senate would create a new diplomatic position for the Arctic at the Department of State, the ArcticToday daily newsletter reported. The bill would establish the Assistant Secretary of State for Arctic Affairs, in order to centralize U.S. Arctic leadership from the agency. Unlike other Arctic nations, the United States
Proposed U.S. high-level Arctic diplomatic position Read More »
Abu Dhabi, UAE – A rapid replacement of fossil fuels with renewable fuels based on green hydrogen and advanced biofuels could enable to cut up to 80% of CO2 emissions attributed to international maritime shipping by mid-century, a new report by the International Renewable Energy Agency (IRENA) finds. Renewable fuels should contribute at least 70% of
Hydrogen-based fuels poised to become the backbone for shipping’s decarbonisation Read More »
The Port of Thunder Bay continues to experience reduced grain shipments as the Prairie harvest yield hits a ten-year low. Monthly grain loads were down 30% in September. This mirrors estimates by crop analysts of a 30% reduction in crop yield this season. Year-to-date grain shipments of 4.6 million tonnes tonnes are now 5%
Weak grain harvest impacts Thunder Bay shipments Read More »
COSCO Shipping Lines (COSCON) is launching expedited services this week for shippers to get their goods more quickly from China to Chicago or to heavily-congested Los Angeles/Long Beach, the biggest port complex in the United States. Deploying five 4,250TEU ships, CEN-EXPRESS transports containers from Qingdao and Shanghai to Prince Rupert. The CEN-PLUS, deploying six 10,000TEU
Prince Rupert part of new expedited COSCON services to North American West Coast Read More »
By Michael Grey* Will what we used to think of as “normal” ever return? Black swans used to be rare, but now they are coming by the squadrons, like migrating geese, as one daft occurrence succeeds the last in bewildering succession. There is a world shortage of lorry drivers, as they all opt to drive
On our Forum: Stranger than fiction in a world ‘not far short of chaos’ Read More »
Ottawa – Prime Minister, Justin Trudeau, and the Deputy Prime Minister, Chrystia Freeland, today announced details of the government’s plans to require COVID-19 vaccination across the federal public service and federally regulated transportation sectors. This includes marine operators with Canadian vessels that operate with 12 or more crew (such as Great Lakes cargo ships in photo). Under the
Trudeau includes marine transportation in new vaccine requirements Read More »
Image provided by: NOAA’s DeepCCZ project By Marta Montojo and Ian Urbina Few people have ever heard of the tiny country of Nauru. Even fewer ever think about what happens at the bottom of the world’s oceans. But that may soon change. The seafloor is thought to hold trillions of dollar’s worth of metals and
(On our Forum) Critics question the climate crisis benefits of deep seabed mining Read More »
Rotterdam – A former drillship is being converted to an ABS-Classed subsea mining vessel, in an industry first. Allseas’ 228-meter Hidden Gem is being equipped with a deep-sea mineral collection system to recover polymetallic nodules from the ocean floor and transfer them to the surface for transportation to shore. The nodules contain high grades of nickel, manganese, copper and cobalt—key metals required for building
Drillship to be converted to ABS-Class subsea mining vessel Read More »
According to revised estimates in Drewry consultancy’s latest Container Insight Weekly, pre-tax profits of the global container shipping industry in 2021 and 2022 will be as high as $300 billion. The industry is expected to benefit well into 2022 from the current world supply chain crisis. The virtually unprecedented profit outlook stems from seemingly unstoppable
Global container carrier profits to attain $300 billion Read More »