Shipping News
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Clarksons : Disruption to global logistics and supply chains remains widespread
Clarksons Research has said that overall port congestion globally was now running above the levels seen last year, with specific container fleet congestion trending towards previous highs. Steve Gordon, Managing Director of Clarksons Research, said that disruption to global logistics and supply chains remained widespread. The Ukraine conflict and new…
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ONE conducts successful third trial of biofuel to support decarbonization in the shipping sector
Ocean Network Express (ONE) has announced the successful completion third trial of marine biofuel onboard the Singapore Flag M/V NYK Fuji, according to the company’s release. M/V NYK Fuji was refueled with 1,300 metric tonnes of marine biofuel product during bunkering at Port of Singapore, on February 11th, 2022. The…
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WEF : Billion-Dollar Boost for Farmers to Safeguard EU Food Security
The war in Ukraine has made it even more critical for the EU to reinforce its food systems in a way that ensures supplies in the near term as well as safeguards long-term resilience As it stands, growth in the EU’s agricultural sector has come at the expense of environmental…
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Webinar : FRICTIONLESS TRADE? ANDRE SIMHA TO SPEAK ON DIGITAL STANDARDS AT WTO-WEF TRADETECH EVENT
MSC’s CDIO André Simha will be speaking at ‘The promise of TradeTech: Policy approaches to harness trade digitalization’ on 12 April. Register now to join this free two-hour webinar organized by the WTO and WEF. André Simha, MSC’s Chief Digital and Information Officer, will be speaking at ‘The promise of…
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A.P. Moller Maersk to join SteelZero Initiative
Copenhagen, Denmark – To contribute with a clear demand signal and catalyze the transition to sustainable green steel, A.P. Moller – Maersk (Maersk) has decided to join Climate Group SteelZero, a global initiative that brings together leading organizations to accelerate the transition to a net-zero steel industry, in partnership with…
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Italy : Record export of fruit and vegetables for Italy but alarm for logistics costs
Italy already faces an additional cost of 13 billion euros for freight transport compared to competitors from other countries With almost 5.6 billion euros (+ 8%) it is a historic record for Made in Italy fruit and vegetables abroad with exports reaching their all-time high in 2021, doubling the values…
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All Russian waters earmarked as high risk by London marine insurers
The move is anticipated to increase shipping costs and add logistical pressures on Russia. All of Russia’s waters were added to the list of high-risk locations by London’s marine insurance market in light of Russia’s offensive against Ukraine. The move is expected to increase the cost of shipping, as well…
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Maersk Drilling secures one-year multi-country commitment for drillship with Shell
Maersk Drilling has been awarded contracts with Shell for the provision of the 7th generation drillship Maersk Voyager for drilling services offshore multiple countries. The contracts are expected to commence in April 2022, with a total firm duration of one year. The total contract value is approximately USD 107.5m, including…
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Inchcape Shipping Services gains capital boost for future growth with Epiris as new owner on 175th anniversary
Inchcape Shipping Services (or “ISS”) is set to embark on a new era of growth after UK-based private equity investment firm Epiris signed an agreement to acquire ownership of the leading global maritime services provider to coincide with its 175th anniversary this year. The transaction, which follows a sale process…
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