TotalEnergies, CSM to drive energy transition in shipping industry

France’s TotalEnergies and Cyprus-based Columbia Shipmanagement (CSM) have entered into a memorandum of understanding (MoU) to explore several collaborative prospects that would promote energy transition.

The partners will team up to advance the process of a ‘green revolution’ in shipping.

This will be accomplished by combining TotalEnergies’ expertise in green technologies in the energy sector with CSM’s maritime industry experience.

Under the alliance, the companies will develop a lube oil...

CU Lines buys maiden in-service ship for new service from Wan Hai

China United Lines (CU Lines) has acquired its first in-service ship. The Chinese state-controlled liner operator had been operating liner services with chartered vessels, until it acquired a ship from Wan Hai Lines.

The 1,368TEU CUL Huizhou (ex Wan Hai 213) was purchased on 6 August and entered CU Lines’ fleet this month. The purchase price was undisclosed but the 1993-built ship had a market value of around US$9 million at the time of the transaction.

CUL Huizhou will be assigned to the new...

ABB unveils C-CAMs marine automation tech

Swiss automation firm ABB has introduced a new solution for merchant marine applications, the C-CAMs automation solution for vessel systems, power management, cargo control and tank gauging.

The solution is expected to enhance security and efficiency by facilitating quicker troubleshooting and maintenance, along with improved situational awareness.

It is said to be the first marine automation solution to provide a mobile application overview of system data, with the ABB Ability Edgenius...

Zhonggu’s earnings rocket by 214% in first nine months of 2021

Zhonggu Logistics, China’s largest domestic liner operator, saw its net profit grow by 214% year-on-year to US$240 million in the first nine months of 2021.

While container demand along China’s inland waterways is healthy, Zhonggu said that the historically red-hot market has created an anomaly of domestic vessels being chartered out to fulfill demand from mainline operators. This has resulted in an additional revenue stream.

In April, Zhonggu sold four Panamax ships to mainline operators MSC and...

Many seafarers intend to exit the industry despite increased satisfaction levels

The latest Seafarers Happiness Index report from The Mission to Seafarers which was designed to monitor seafarer satisfaction levels has been published for the third quarter of 2021.

The report highlights happiness levels have increased overall to 6.59/10, from 5.99 in the previous reporting period, returning to the same, pre-Covid levels in Q3 2019. However, the study also showed that many seafarers intend to end their careers in the shipping industry once they get back home.

The survey,...

Professor addresses unthinkable, terror in Monaco…

Professor addresses unthinkable, terror in Monaco… 

Good Morning Monaco – Thursday, October 28, 2021

Professor addresses the unthinkable – terror in Monaco

Gilles Kepel, a political scientist who specialises in terrorism, spoke in Monaco on Monday night about terror threats on the Riviera.

Princess Charlene set to return within weeks

After many months away from her husband and children, Princess Charlene could return to the Principality soon.

Larvotto’s beach new restaurants named
New businesses are...

More than 100 containers fell from ZIM Kingston

The initial estimations about the number of lost containers in the ZIM Kingston accident were unfortunately wrong with the overall number of missing boxes being now up to 109, while it may change again as more information comes in.

With the fire under control, ZIM Kingston’screw were able to safely access the container bays on the ship and calculate the number of missing boxes.

There is no change, however, in the number of missing containers with hazardous goods at the time of writing; Crew...

Gebrüder Weiss to take over Turkish forwarding company

The international transport and logistics service provider Gebrüder Weiss will take over the Istanbul-based company 3S Transport & Logistics on 1 January 2022.

The Turkish forwarding company specialises in partial load transports between Turkey and its key trading partner Germany. With this step, Gebrüder Weiss Turkey is therefore doubling its transport volume and “boosting itself as a transport player with Germany, Austria and Switzerland.”

The acquisition also entails that 22 employees of 3S...

Yang Ming to upgrade South-America service with 11,000TEU newbuilding

Yang Ming will add one new 11,000TEU container vessel, named YM Trust, chartered from Shoei Kisen Kaisha, Ltd. and built by Imabari Shipbuilding Co., Ltd.

The company has ordered a total of fourteen 11,000TEU newbuildings through long-term charter agreements with ship owners and YM Trust is the eighth in the series and will be delivered on 10 November.

This type of vessels has a nominal capacity of 11,860TEU and is equipped with 1,000 plugs for reefer containers. With a length of 333.9 meters, a...

Milaha’s net profit more than doubles during 2021

Qatar Navigation Q.P.S.C. (Milaha), one of the largest maritime and logistics companies in the Middle East, has announced its financial results for the first nine months of the year, marking increases, especially in net profit.

More specifically, during the January – September period, Milaha’s net profit reached US$179.6 million (QR654 million), which is increased by US$74,1 million (QR271 million) over the same period of 2020.

Additionally, operating revenues have been grown to US$550 million...

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.