A new report from the influential UCL Energy Institute argues that as much as $850bn of tonnage is at risk of being stranded by 2030, if the shipping sector continues investing in LNG-capable ships as policies that incentivise shipping to decarbonise in line with the Paris Agreement, would erode...
Another pioneering Norwegian pair of vessels have hit the waters, advancing shipping’s path to autonomous operations. ASKO, a grocery distributor, has christened a pair of vessels which are electrically powered and can operate autonomously, following in the wake of the Yara Birkeland, a landmark...
https://splash247.com/norways-fjords-welcome-another-pair-of-autonomous-vessels/
The abrupt plummet in boxship charter rates is making plenty of headlines, with warnings that some carriers are struggling to keep up with their rental payments for ships signed earlier at sky-high prices. Classic panamax tonnage has been fixed in recent days at rates of $40,000 and $50,000 for...
https://splash247.com/exposed-carriers-struggling-to-pay-sky-high-charter-rates/
Akkon Lines from Turkey has taken on its largest ship to date. Alphaliner is reporting the carrier has taken Transfar Shipping’s 1,732 teu on a six-month charter for $35,000 a day, a ship that is approximately 600 teu bigger than the largest one in its fleet. Fast growing Akkon connects Turkey with...
https://splash247.com/turkeys-akkon-lines-takes-on-its-largest-ship/
Singapore-based Eastern Pacific Shipping (EPS) has sealed a long-term charter deal with US shipping and logistics company Crowley for four LNG-fuelled newbuild containerships. The 1,400 teu vessels will be built by Korea’s Hyundai Mipo Dockyard and deliver in 2025, expanding Crowley’s fleet and...
Container shipping has been warned to brace for a hard landing rates-wise as multiple indices around the world plunge further. Utilisation rates are sliding despite an increase in blank sailings. Spot rates, as recorded by the Shanghai Containerized Freight Index (SCFI), are on a “fast-declining...
https://splash247.com/hard-landing-forecast-for-container-freight-rates/
The two-week strike at the port of Liverpool on the west coast of Britain will start this evening after unions and Peel Ports failed to reach a pay deal. The strike will coincide another round of industrial action at Felixstowe, the country’s largest container port, where workers will down tools...
https://splash247.com/liverpool-strike-to-start-this-evening/
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COSCO Shipping, the world’s fourth largest carrier, is to massively add to the global containership orderbook, detailing a $4.9bn outlay in new ships. The container arm of China’s largest maritime conglomerate has laid out plans to order 32 ships totalling 580,000 teu, all for delivery by the end...
https://splash247.com/cosco-plans-4-9bn-boxship-fleet-expansion/
Seaspan Corporation has not closed its order for four 7,700 teu dual-fuel liquefied natural gas (LNG) containership newbuilds after the shipyard allegedly failed to meet certain conditions of the deal. A subsidiary of the New York-listed Atlas Corporation said the contracts announced in May this...
https://splash247.com/seaspans-deal-for-containership-quartet-falls-through/
