Rising costs - News

The Port Authority of Valencia (PAV) has presented at Eco Mobility Expo, its projects to become an emission-neutral port in 2030: railways, electrification of the docks or the use of fuels such as hydrogen. The PAV is earmarking more than 131 million Euros of public investment in decarbonisation projects, with the strategic objective of becoming an emission neutral port by 2030. The services, connectivity and infrastructures of Valenciaport facilitate the attraction of industrial projects to th...

The smooth flow of world trade will be a central topic at this September’s London International Shipping Week 2023 (LISW23) thanks to support from DP World, the major supplier of smart logistics solutions and a significant UK investor, which has come onboard as the event’s exclusive International Logistics Sponsor. Supply chain innovation and resilience will be central to discussions during the week-long event, particularly as the shipping industry addresses international environmen...

Maritime green corridor routes between major port hubs where zero-emission solutions are supported and demonstrated have swiftly become recognised as one of the most important tools to aid industry and governments in the decarbonisation of the maritime sector. The consortium brings together Anglo American, Tata Steel, CMB, VUKA Marine, Freeport Saldanha, and ENGIE, convened by the Global Maritime Forum, to assess how zero-emission shipping on the corridor can unloc...

India’s major shipbuilder, Cochin Shipyard Limited (CSL), based in Cochin, Kerala, has received a prestigious international order from M/s. Samskip Group (Samskip) in Norway, a major global logistics solution provider, for the design and construction of two zero emission feeder container vessels with an option for two more vessels. The project is one of the world’s first zero emission feeder container vessel that will be powered using hydrogen fuel cells ultimately, with green hydro...

Clean energy, railways, digitalisation, sustainable infrastructures or innovation are some of the actions that the Port Authority of Valencia (PAV) is carrying out within the framework of its objective Valenciaport 2030, zero emissions. The aim is to position itself as the green, intelligent and innovative hub of the Mediterranean. This project will be presented at the Eco Mobility Expo, which is to be held between 21 March and 23 March, 2023, at Feria València, in Valencia, Spain, a mee...

Mersey Maritime has welcomed the news that plans to build a world-class maritime centre of excellence, focused on innovation, engineering, R&D, entrepreneurship and training at the heart of Peel L&P’s Wirral Waters, have been approved by Wirral Council. This significant step in the project journey follows the championing of the project by the region’s cluster organisation over a number of years, including promotion of it to senior members of the government. The announcement...

A consortium led by zero-emission vessel provider - ACUA Ocean in partnership with zero-emission infrastructure provider and National Maritime UK Marine Hydrogen Working Group partner - Unitrove has won a multi-million pound UK government grant in a major push to decarbonise the maritime sector. The ‘Hydrogen Innovation – Future Infrastructure & Vessel Evaluation and Demonstration (HI-FIVED)’ consortium will receive over £3.8 million of funding to build and showcase...

The idea of a separate international fishing fair in northern Norway was launched in 1998. In 1999, LofotFishing 1 was organised in Kong Øystein Hall in Kabelvåg. The feedback and response from the exhibitors was very positive, and have therefore been followed up with new international fisheries fairs every other year. LofotFishing exhibition LofotFishing has become an important gathering point for fishermen and exhibitors LofotFishing has become an important gathering point for...

International Maritime Organization (IMO) has welcomed the landmark agreement on a new oceans treaty to protect marine biodiversity on the high seas. IMO Secretary-General - Kitack Lim says landmark treaty will reinforce efforts to protect biodiversity The new legally binding international instrument on the conservation and sustainable use of marine biological diversity in areas beyond national jurisdiction – known as 'BBNJ' was agreed  on 4 March, 2023, following conclusion of the f...

Representatives of the Spanish maritime and river transport sector met at the Clock Building of the Port of Valencia with the Board of Directors of the Waterborne Technology Platform, at a meeting organised by the Valenciaport Foundation, in collaboration with the Port Authority of Valencia (PAV), with the aim of discussing the next steps in the transition to a zero-emission and at the same time, competitive sector, and to address the benefits that the different European funding mechanisms make...

The Port of London Authority (PLA) has achieved a major milestone, halving its carbon emissions last year, as it made strong progress in its Net Zero programme. The PLA, which oversees safe operations in the United Kingdom - UK’s busiest port, has committed to achieve Net Zero by 2040, or earlier. Last year’s performance delivered the 50% cut in carbon emissions three years ahead of the original 2025 target. Introduction of sustainable biofuel in vessels fleet The Port of London A...

DP World London Gateway alone reported a 14% rise in volumes to 2,053,000 TEU – the first time it has ever exceeded two million units in a year, consolidating its position as Britain’s second biggest container terminal. Together with Southampton, the two terminals in the United Kingdom (UK) handled a record 3,850,000 TEU, when compared with 3,675,000 TEU in 2021. Boost growth and support businesses in the UK Within a decade, London Gateway is likely to be handling up to 30% of the...

Tokyo-based classification society - ClassNK has released ‘Guidelines for Container Stowage and Securing Arrangements (Edition 3.0)’ and ‘Guidelines for Parametric Roll Countermeasures’, in order to achieve safer and more efficient marine transportation of containers. Responding to rapid increases in the size of container ships and advances in lashing technology, the ‘Guidelines for Container Stowage and Securing Arrangements (Edition 3.0)’, which have provid...

In a continued effort to provide their customers with reliable and efficient service, CMA CGM informs of the following Rate Restoration Initiative (RRI): Effective March 24th, 2023: From India, Pakistan, Sri Lanka, Middle East Gulf, Red Sea & Egypt to US East Coast & US Gulf Cargo: All Quantum per 20' (all types): USD 500 Quantum per 40' (all types): USD 600 Quantum per 45' (all types): USD 600

The war in Ukraine led to unprecedented changes in goods flows last year. At 467.4 million tonnes, total throughput in Rotterdam was almost the same (-0.3%) as in 2021 (468.7 million tonnes) but the underlying figures show that there were major changes. Container throughput fell by 5.5% in TEU (-9.6% in tonnes), mainly because container traffic to and from Russia came to a virtual standstill after the invasion of Ukraine. Imports of LNG, mainly from the USA, increased by 63.9% as an alternative...

A consortium led by zero-emission vessel provider ACUA Ocean in partnership with zero-emission infrastructure provider Unitrove has won a multi-million pound UK government grant in a major push to decarbonise the maritime sector. The “Hydrogen Innovation – Future Infrastructure & Vessel Evaluation and Demonstration (HI-FIVED)” consortium will receive over £3.8m of funding to build and showcase its innovative autonomous vessel and bunkering infrastructure technologies...

The Management of the Nigerian Maritime Administration and Safety Agency, NIMASA, has provided technical support to Instituto Marito e Portuaruo IMAP in São Tomé and Príncipe. The Director General of NIMASA, Dr. Bashir Jamoh OFR, while making the presentation at an event in São Tomé, with the Nigerian Ambassador to São Tomé, Ambassador - Gambo Hamza in attendance, noted that the Federal Government of Nigeria is committed to regional maritime deve...

  Following their recent trade notice, Neptune Pacific Direct Line - NPDL can provide further information on the barge service ex Brisbane to Norfolk Island. Vessel / Barge Name: Seaforce Voyage Number: v008E ETD Brisbane: 17th March Cargo Bookings All cargo must be booked with Kalgin prior to shipment. When making a cargo booking, customers will be required to provide the following information: Shipper Name & Address Consignee Name & Address Number & Type...

Hamburger Hafen und Logistik AG (HHLA) increased its Group revenue by 7.7 percent to € 1,578 million in the 2022 financial year (previous year: € 1,465 million) according to preliminary unaudited figures. The Group operating result (EBIT) came to € 220 million, thus exceeding the expected range of € 175 million to € 210 million (previous year: € 228 million). Container throughput decreases in volumes Container throughput saw a decrease in volumes, which were down...

Tsuneishi Shipbuilding Co., Ltd. has signed the latest contract for MAN Energy Solutions’ dual-fuel, methanol-powered MAN B&W ME-LGIM engine. Long-term MAN Energy Solutions licensee, Mitsui E&S Machinery, has won another contract to supply the individual MAN B&W 6G50ME-LGIM (-Liquid Gas Injection Methanol) engine for a 65,700 dwt bulk carrier slated for construction at Tsuneishi Shipbuilding Co., Ltd. The vessel represents the latest methanol-fuelled engine ordered by the bulk...

Wilhelmsen Ship Management (WSM) and Affinity Shipping have signed a Memorandum of Understanding (MOU) to jointly establish an independent company that will provide comprehensive compliance services related to the EU ETS (European Union Emission Trading System). The company’s offering will be the first of its kind, offering a complete outsourcing service for shipping ETS management. The service integrates technical ship management and carbon allowance procurement to support shipowners, ma...

CMA CGM is pleased to announce the NC LEVANT new service setup aimed at providing their customers with improved reliability and better service. New features of NC LEVANT will be the following: Better coverage of the region thanks to CMA CGM’s new investment in Egypt in Alexandria’s Trans Misr Terminal (TMT), now ready to accept the service. First vessel calling Alexandria TMT will be m/v "EF OLIVIA" voy. 0NVDBS1MA, calling Southampton on February 10th and Alexandria TMT on March...

Maritime UK is to deliver a nationwide ‘roadshow’ to inspire girls to consider Science, Technology, Engineering and Maths (STEM) careers in the maritime sector. Maritime UK has been awarded £100,000 in grant funding from the Merchant Navy Welfare Board (MNWB) on behalf of the Department for Transport (DfT) to deliver a Maritime Roadshow for Girls throughout 2023. The roadshow will aim to encourage Key Stage 3 girls to choose STEM subjects and to give the students greater awar...

A total of €200 million for all companies operating in the maritime industry in mainland France and the French overseas territories. Applicants can submit their projects on the dedicated platform as of January 30. Call for projects financed and coordinated by the CMA CGM Fund for Energies to support innovative solutions, in collaboration with public actors. Decarbonisation of the French shipping industry The CMA CGM Group has launched a call for projects targeted at startups and bus...

Last year, maritime shipping bunkered significantly more fuel in Rotterdam, Netherlands, approximately 10.8 million compared to 10.2 million up to 2021. With that, demand for fuel oil, gas oil, methanol and LNG was 6.3 percent higher in 2022, in comparison to 2021. Biofuel-blended bunkers Notable was the increase in demand for biofuel-blended bunkers. Demand rose from 301,000 tonnes to 790,000 tonnes. For the first time, some sea-going vessels bunkered methanol, but from the summer of 2023, se...

In the report, eight of the world’s pioneering marine insurers have gathered and published client data to track their hull and machinery insurance portfolio’s climate impact. The goal is to support the industry’s green transition. “This level of transparency is a major milestone on our journey to decarbonise the maritime industry,” says Patrizia Kern, Chair of the Poseidon Principles for Marine Insurance initiative and Marine Strategy Advisor – CEO...

While the EEXI is a one-off design-focused protocol granting a ticket to trade for existing ships, the CII as a measure of operational energy efficiency is the primary mechanism to reduce emissions going forward. Based on Annual Efficiency Ratio (AER) results, vessels will be awarded CII ratings ranging from A to E. The calculation essentially divides annual Fuel Oil Consumption (FOC) by distance travelled, taking into account the CO2 factor of the fuel used (100% in the case of fossil fuel oil...

Following the announcement of the second round of ‘Levelling Up’ funding from the Government, industry body - Maritime UK has welcomed the inclusion of a number of projects focused on the sector and more broadly on the vitally important coastal communities around the United Kingdom (UK). Maritime is known to make a massive contribution to the country’s economy, being worth £116 billion and supporting over a million jobs, and has a major contribution to make to levelling...

The Milford Haven Waterway Future Energy Cluster, representing the UK's energy capital, has outlined a vision for a low carbon future at the Senedd in Cardiff Bay. The Cluster – a coalition of energy companies, renewable developers, green technology innovators, Pembrokeshire County Council and the Port of Milford Haven – outlined how their plans will play a pivotal role in enhancing the wellbeing of future generations and in helping the Welsh Government achieve a just transition to...

Thales is a Gold level sponsor of the 2023 Autonomous VTOL Technical Meeting and Electric VTOL Symposium, which will take place in Arizona, USA, from January 24 to January 26, 2023. The event will bring together thought leaders, professionals and entrepreneurs to share their perspectives on the most pressing topics in autonomy and electric VTOL. On January 25, 10:00 AM - 11:00 AM EDT, Yanik Doyon, Vice President, Business Development & Sales, Flight Avionics, North America, will speak on a...