Shipping News
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Maersk Market Update – Indian Subcontinent and Middle East (October 2021) PDF
According to industry experts, as much as 10-25% of global capacity can be absorbed due to increased waiting time outside ports, idling of vessels with Covid-19 cases onboard, etc. Despite complete deployment, effective vessel capacity is severely limited and is causing missed sailings. In these challenging times, we see long-term…
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Maersk ready to confront supply chain challenges and propose solutions
Charleston, South Carolina, USA – Speaking on a panel at the South Atlantic International Trade Conference Maersk North America Regional Managing Director, Narin Phol discussed the nation’s current supply chain challenges and ways forward. The U.S. consumer drives the U.S. economy The disruptions in manufacturing and ports in the Far…
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K Line, Itochu and others collaborate on ammonia-powered ship project
The project aims to introduce ammonia-powered vessels by 2028. Japanese shipping firm Kawasaki Kisen Kaisha (K Line), along with four other companies, has been chosen for a project named Green Innovation Fund Project / Development Project for Next-Generation Ships / Development of Ammonia-Fuelled Ships. The other selected firms are Itochu…
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Deputy Secretary General addresses Customs-Ports cooperation
The WCO Deputy Secretary-General (DSG), Mr. Ricardo Treviño Chapa, addressed the Port community during a webinar on Customs-Ports cooperation organized by the Secretariat of the Inter-American Committee on Ports (S/CIP) and the International Port Community System Association (IPCSA). The aim of the webinar was to address key aspects and challenges…
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Maersk Asia Pacific market update (October 2021)
Trade growth, supported by consumer spending and corporate capex, has meant continued strong demand for logistics services in the third quarter which is likely to run into the fourth quarter peak season. This is reflected in buoyant container shipping and airfreight volumes even as vessel schedule delays and capacity shortages…
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2021 Annual Summit in Croatia
The event of PROJECT CARGO NETWORK took place from 17-19 October at Hotel Croatia, Cavtat Project Cargo Network (PCN) has safely held one of the industry’s first network meetings since the beginning of the pandemic in early 2020. The event was held from 17-19 October 2021 at Hotel Croatia Cavtat,…
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K LINE successfully separated and captured CO2 from exhaust gas in World’s First CO2 Capture Plant on Vessel
Captured CO2 has Purity greater than 99.9%, Demonstrating performance in line with Plan Kawasaki Kisen Kaisha, Ltd. (K LINE) has successfully separated and captured carbon dioxide (CO2) from the exhaust gas emitted from the vessel, coal carrier CORONA UTILITY (operated by “K” LINE for Tohoku Electric Power Co., Inc.), which…
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Maersk Drilling awarded contract extension to drill world record well in Angola
TotalEnergies E&P Angola has exercised an option for the 7th generation drillship Maersk Voyager to drill the ultra-deepwater Ondjaba-1 exploration well in Angola’s Block 48. The contract extension has an estimated duration of 54 days, which means that Maersk Voyager is now contracted until February 2022. The work on Ondjaba-1…
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