News

  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

Adm. Ossama Rabiee, Chairman and Managing Director of the Suez Canal Authority, has announced that traffic through the Canal on Wednesday Sept. 29th, 2021, marked the highest daily record in the number of transits. The total was 87 vessels from both directions, without any waiting time inside the waterway, for a total net tonnage of

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

The head of the European Parliament’s foreign affairs committee is pledging to keep the Arctic high on the body’s legislative agenda in order to ensure the bloc maintains an ambitious strategy towards the region amidst a period of rapid change, according to a report published by the Arctic Today newsletter. “Our committee will ensure that

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

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

   Offshore Wind capacity grew steadily in 2020, but governments will need to act decisively to improve policy in order to scale up installations at the pace required to help the world meet its carbon emissions targets and avoid the worst effects of global warming, according to the Global Wind Energy Council. In its flagship

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