Japanese shipping company Nippon Yusen Kaisha (NYK) and shipping and marine supplier Nippon Yuka Kogyo, a NYK Group company, have jointly developed a new fuel oil additive for low-sulfur compliant fuel-oil that meets SOx emission requirements. zoomIllustration. Source: Flickr – under the CC BY 2.0 license; Image by: Kees Torn Yunic 800VLS — patent pending — is Japan’s first additive for very ...
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Shipowners from Around the World Can Now Join UK Flag
The UK Ship Register (UKSR) has decided to expand its ownership eligibility, allowing more shipping companies from around the world to flag to the UK. zoomIllustration. Source: PxHere under CC0 Creative Commons license As informed, the criteria has been widened beyond the current areas of the UK and Europe to include Commonwealth countries and bring the UK in line with ...
Read More »Yantian Express Finally Leaves Freeport, to Arrive in Halifax Today
Fire-stricken containership Yantian Express finally sailed from Freeport, the Bahamas, on May 15, 2019, German shipping company Hapag-Lloyd said. zoomIllustration. Source: Pixabay under CC0 Creative Commons license The 7,506 TEU vessel departed after all necessary preparatory work was concluded. The Post-Panamax boxship is anticipated to arrive at Halifax terminal, Nova Scotia, today, where it will discharge containers. As previously ...
Read More »Baltic Exchange Council Elects New Chairman
Maritime industry information provider Baltic Exchange Council has elected Braemar Tankers-founding partner Denis Petropoulos as its new chairman. zoomIllustration. Source: Pixabay under the CC0 Creative Commons license Petropoulos will officially take over the role from Duncan Dunn on June 1. Petropoulos most recently headed up Braemar’s Singapore office for seven years, before returning to the UK. He has been ...
Read More »AirBridgeCargo reports 10% growth of ‘nose door’ loaded shipments
Oversized and heavy freight overall up 3% in the first four months of 2019, with particular demand growth in freight loaded through the swing-up front cargo door. Cargo airline AirBridgeCargo (ABC) has reported 10% growth of ‘nose door’ loaded shipments and seen demand for its ‘abc XL’ product for oversized and heavy cargoes continue to grow in the first four ...
Read More »Five more lines join Digital Container Shipping Association
Momentum for standardisation builds as CMA CGM, Evergreen, HMM, Yang Ming, and ZIM join initial members A.P. Moller-Maersk, Hapag-Lloyd, MSC and ONE, representing 70% of the market. Momentum is building for digitalization and standardization within the container shipping industry, with five more major box lines announcing their intention to join the Digital Container Shipping Association (DCSA). CMA CGM confirmed its ...
Read More »K+N urges carriers to follow environmental lead
Swiss forwarding and logistics group issues rallying call to follow the green credentials set by its new ‘carbon neutral’ ocean offering. Kuehne + Nagel has called on carriers to follow its environmental lead and introduce carbon offsetting as part of their supply chain offering to customers. The Swiss forwarding and logistics group last month launched K+N Pledge, a new full-container shipment service, ...
Read More »Port of Virginia enjoys record-April volumes
The Port of Virginia® in April processed 245,933 TEUs (twenty-foot equivalent units) in April, making is the busiest April in the port’s history. The strong cargo performance was driven by an increase of more than 22 percent in loaded import containers, which lead to increase in truck, rail and barge volumes. The port’s March volumes were disrupted by the Chinese ...
Read More »ESL Shipping’s Crane Issues on New Vessels Mainly Fixed
Serious technical problems with cranes aboard ESL Shipping’s new LNG-fueled bulkers have been mainly fixed, according to the company’s parent, Aspo Group. zoomImage Courtesy: ESL Shipping Aki Ojanen, CEO of Aspo Group, said that the new ships “were disappointments” as their cranes remained inoperable throughout the first quarter, and they were unable to operate as planned. At the end of the period, ...
Read More »Värde Agrees Sale and Leaseback for Landbridge VLCC
US-based alternative investment firm Värde Partners has signed a sale and leaseback agreements for a very large crude carrier (VLCC) with Hong Kong’s Landbridge VLCC International. zoomIllustration. Source: Pixabay under CC0 Creative Commons license The vessel in question is the 2016-built fuel-efficient tanker Landbridge Prosperity. Landbridge, a subsidiary of Chinese industrial company Landbridge Group, will continue to operate the 308,285 ...
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