UK-based mining giant Anglo American has set an ambition to achieve carbon neutrality across its controlled ocean freight activities by 2040, with an interim 30% reduction in emissions by 2030. The ambition for carbon neutral controlled ocean freight is an extension of Anglo American’s commitment...
https://splash247.com/anglo-american-eyes-carbon-neutral-shipping-by-2040/
The Port of Churchill in northern Manitoba, Canada’s only deep-water Arctic port, is closing for two years, while the rail line leading to it is under construction. Where the rails sit on muskeg, work is being done to stabilize the track bed. While passenger and freight trains continue to run...
Fast-growing logistic provider Delta Corp Shipping has acquired Quantship, a pioneering artificial intelligence (AI) platform, which utilises quant algorithms to unlock value in freight markets. Quantship was incubated at Entrepreneur First, Singapore in 2019 by Kaushik Reddy and Sudeept Sinha....
https://splash247.com/delta-corp-acquires-maritime-ai-start-up-quantship/
There’s a changing of the guard at the world’s largest shipping company. As he hits the mandated retirement age of 65 for leaders of Chinese state-run entities, Xu Lirong is stepping down as chairman and party secretary at Cosco Shipping after six years in charge. He will be replaced by Wan Min,...
https://splash247.com/changing-of-the-guard-at-the-worlds-largest-shipping-company/
Fast-growing Chinese owner Qingdao Pengteng International Ship Management continues to diversify. Multiple brokers link the young boxship specialist to its first handysize bulker. Brokers report that Pengteng has added the six-year-old, 34,500 dwt for $23m. Pengteng’s fleet list has ballooned since...
https://splash247.com/pengteng-branches-out-with-handy-bulker-buy/
German dry bulk owner Oldendorff Carriers is back for more bulk carriers at the Chinese Jiangsu Hantong yard with an order for up to 12 eco kamsarmaxes. The initial order is for five vessels with seven options likely to be declared during Q1 of 2022. The firm and optional vessels of Sdari-82...
https://splash247.com/oldendorff-in-for-up-to-12-kamsarmaxes-at-hantong/
One of the frontrunner bids to take over state-run Shipping Corporation of India is in tatters as the Saverys family has decided to cease its joint pursuit of the 71-year-old Asian line. Exmar, the Saverys’ gas shipping venture, had lodged a joint bid with Ravi Mehrotra’s Foresight Group and Anil...
https://splash247.com/saverys-family-decide-to-quit-pursuit-of-shipping-corp-of-india/
The newest member state of the International Maritime Organization (IMO), landlocked Botswana, has delivered its first ever iron ore export cargo to China. The southern African nation joined the UN’s shipping body this month, becoming the IMO’s 175th member state. Botswana’s first iron ore mine,...
https://splash247.com/imos-newest-member-botswana-delivers-its-first-iron-ore-cargo-to-china/
Norwegian shortsea operator Wilson ASA has decided to acquire six dry cargo vessels from Germany’s shipping company Rhenus Maritime Services in an effort to strengthen its European presence. The…
https://www.offshore-energy.biz/wilson-takes-over-part-of-rhenus-fleet/
Electric vehicles require roughly six times more minerals than their internal combustion engine cousins, something that will have significant, as yet widely unreported, impacts on the bulk seaborne map. The strategic raw materials to manufacture electric vehicles will see many so called minor bulks...
https://splash247.com/how-electric-vehicle-demand-will-transform-the-dry-bulk-trades-2/