Rising costs - News

Hapag-Lloyd is stepping up once more the investment in its container fleet in light of the current situation – similar to what the container shipping line did in 2020 in its initial response to the pandemic – as it needs significantly more than the normal number of boxes to carry the same volume because boxes are turning slower. The container shipping line has ordered 150,000 TEU from China – both dry boxes and state-of-the-art reefer containers. Container shipping indust...

Trafigura Group Pte Ltd, one of the independent commodity trading companies, is continuing its investment in renewable energy technologies by co-sponsoring the development of MAN Energy Solutions ammonia-fuelled engines for maritime vessels. The fuel-flexible, two-stroke ammonia engine is expected to be commercially available for large-scale ocean-going ships by 2024, followed by a retrofit package to make existing maritime vessels capable of running on ammonia by 2025. Carbon-free fuels Acco...

Neste and NuStar Energy L.P announced that supply trucks are able to load Neste MY Sustainable Aviation FuelTM at the NuStar-operated Selby Terminal near San Francisco, California. The first gallons have been safely picked up and delivered to the nearby Monterey Regional Airport. Due to the strategic location of the Selby Terminal, Neste and its partners Avfuel and Signature Flight Support are now able to supply sustainable aviation fuel to a growing number of airports across the western United...

The crew of FESCO’s vessel 'Vasily Golovnin' conducted a search and recovery of two self-propelled platforms for maritime research of the Norwegian Polar Institute nearshore Antarctica. In severe weather conditions, FESCO’s seamen managed to find two self-propelled research vehicles – Seaglider and Sailbuoy – and bring them on board. The difficulties were not only in the dimensions of the vehicles (each is 2 metres long), but also in the sensors on the sides of the vehic...

MAN Energy Solutions has begun the ‘AmmoniaMot’ (Ammonia Engine in German) project. Initiated by MAN with partners from industry and research institutes, it aims to define the steps necessary to produce a dual-fuel, medium-speed engine capable of running on diesel fuel and ammonia. Supported by the German Federal Ministry of Economics and Technology (BMWi), and due to run for three years from December 2020, project partners include the University of Munich, Neptun Ship Design, W...

RCL, with its partner ONE; is pleased to announce a revamp of its existing RLM service between Laem Chabang - Ho Chi Minh – Manila North. In the new rotation, the service will be extended to call Pusan, Qingtao, and Shanghai in addition to the existing rotation. The new rotation is Laem Chabang – Caipmep – Manila North – Qingtao – Pusan – Shanghai – Laem Chabang using 4 x 2,500 TEU nominal capacity. RCL will contribute one ship in this new rotation. The...

New research reveals that the UK's Dreadnought submarine programme supports tens of thousands of jobs across the UK. BAE Systems has for the first time revealed the significant contribution the Dreadnought submarine programme makes to the UK economy, supporting almost 30,000 jobs across the country. While nearly half of these jobs reside in the North West of England, the supply chain for Dreadnought extends to every region of the UK. Working with partners Rolls-Royce and the Submarine Delivery...

In 2019, the Blue Water Group presented a record profit of 25.7M EUR. The Danish transport group continues its strong development and has recently introduced its annual accounts for 2020 showing a record profit of 25.8M EUR. New solutions and possibilities "We are very satisfied to deliver a record result in 2020 which has been an extremely unusual and challenging year for many companies including Blue Water. During the spring, we saw the first impact of COVID-19 resulting in a decrease in som...

Blue Water has completed two challenging shipments for a new build project for a good client. The scope included road transport from the factory to the port of shipment in Spain, sea freight to China, and road transport to the Chinese shipyard. The 24 units weighing 42 tonnes each and measuring more than 14 metres in length were safely transported, and the BWS team ensured compliance with the COVID-19 restrictions in the ports in Spain and China as well as during the entire transport process....

In France, focusing on a new potential - the low-hanging fruit - for a while. It has indeed proved to be quite interesting, and have had to employ additional manpower to cope with the increased work volume. Before Brexit, the British fishing boats landed their catches in Roscoff or Guilvinec in Brittany and sold the fish at the fish auction in Guilvinec. Now the fish must be declared to customs, and Brest is the only port in the region that is authorised to discharge these boats. Brest experie...

2020 has been another year of solid progress for A.P. Moller - Maersk., both in terms of financial performance and in transforming the company. Despite low volumes during most of 2020, profitability grew throughout the first nine months and ended the year with record Q4 results in Logistics and Terminals, while Ocean delivered an exceptional quarter driven by the increased volumes and current, temporary supply chain disruptions. Accelerated transformation “2020 will forever be remembere...

In 2020, Neste’s renewable products helped customers in several geographic markets to reduce greenhouse gas emissions by 10.0 million tons altogether. This amount equals the annual carbon footprint of 1.5 million average EU citizens (source: World Bank) or the removal of 3.7 million passenger cars from the roads for a full year. “We are committed to help customers reduce greenhouse gas emissions by 20 million tons annually by 2030. We aim to achieve this commitment with our portfoli...

Globally renowned ferry company - Stena Line plans to start operating two fossil-free battery powered vessels on the route between Gothenburg and Frederikshavn in Denmark, no later than in 2030. This was announced by Stena Lines’ Chief Executive Officer (CEO) - Niclas Mårtensson, during a press conference about the industry collaboration project - Tranzero Initiative, in Gothenburg, on Thursday, 4 February, 2022. Tranzero Initiative collaboration project The aim is to cut emission...

Neste has placed 4th on the Corporate Knights’ Global 100 list of the world’s most sustainable companies. This marks the company’s 15th consecutive inclusion on the Global 100 list. Neste has been included on the list continuously for longer than any other energy company in the world. “We are pleased to be recognised as one of the most sustainable companies in the world. Many businesses are continuously improving their sustainability efforts and placing on the list gets...

SITC International and Yangzijiang Shipbuilding held a ceremony for the naming and delivery of the new ship - ‘SITC Singapore’. Mr. Xue Mingyuan, Executive Director of SITC International, President of SITC Shipping Group, Mr. Xiao Senyuan, Vice President of SITC Shipping Group, Mr. Ren Letian, Chairman of Yangzijiang Shipbuilding Group, Mr. Wan Jian, President of Jiangsu Maritime Vocational and Technical College, Ritong International Logistics East Asia Mr. Xing Fangliang, the head...

Freight forwarding is one of the most crucial components of the global supply chain. A good global forwarding company adds extraordinary value not only in moving goods for their clients; they facilitate bottom line revenue through cost savings throughout the business. Global freight is the product of the global freight industry. This is the movement across the globe of materials and goods to facilitate trade; a key component of every business that uses or sells physical products. Global Freigh...

Blue Water’s Aid & Development team has assisted with bringing in humanitarian aid cargo, such as plastic sheeting, cleaning and hygiene kits and medicine to thousands of victims in Central America suffering from the flooding after category four and five hurricanes Eta and Iota. Houses, roads, schools and hospitals in Honduras, Nicaragua, Guatemala and Belize were devastated during the record-breaking stormy season, and seven million people were affected by the two hurricanes within t...

FESCO Transportation Group has added a new port of call in Wenzhou (Zhejiang province, China) on the route of its container shipping line FESCO China Express-2 «Eastern Arrow». The line will be functioning on the route Vladivostok – Shanghai – Ningbo – Wenzhou – Vladivostok starting from November 2020. Transit time from Wenzhou to Vladivostok will be 2,5 days. On 26 November 2020 FESCO vessel will enter the port of call for the first time. Port of Wenzhou...

As Ocean Infinity embarks on its journey towards a carbon-neutral future and anticipates the arrival of its uncrewed Armada fleet of vessels, it bids farewell to some of its original fleets. The Pacific Constructor has been part of Ocean Infinity’s story since the beginning and has been instrumental in many of its most ambitious and exciting projects. Locating Stellar Daisy Stellar Daisy sank on 31 March 2017, transporting iron ore from Brazil to China. Tragically, 22 of the 24 crew wer...

MAN Energy Solutions announces that it is to offer its proprietary EGR (Exhaust Gas Recirculation) system as an emissions solution for its new, low-speed ME-GA engine, the Otto-cycle variant of its established ME-GI dual-fuel engine. EGR is a NOx-emissions-reduction technique that ensures IMO Tier III compliance in both diesel and gas mode. The company has long experience with the emission-reduction technology and reported the first order for an EGR system in 2011 when it was fully integrated w...

Germany is the large economy in Europe, and the country is also pioneering within foodstuff production and export. Within recent years, Blue Water has established a strong name and a solid market position in the German reefer market (refrigerated transports). Now, wish to develop further and expand our presence to cover new suppliers, customers and commodities - and accommodate existing clients’ needs. That is why the next step is to be locally present, as this is one of the keys to gain...

FESCO Transportation Group has purchased 100 new 40FT high cube refrigerated containers within the strategic framework for renewing the container fleet of its subsidiary Dalreftrans. Dalreftrans organises the transportation of cargo that requires temperature control. As a result of the transaction, the company will be operating the largest refrigerated container fleet in Russia over 1.9 thousand units. The Group will receive the first containers at the end of November. Carrier PrimeLINE refrig...

MAN Energy Solutions announces a new end-2-end reference for its digital service offerings within the key fishing segment. Norwegian trawler/purse seiner, ‘Odd Lundberg’, is a 70-metre vessel owned and operated by a business of the same name. Built in 2019, the fishing vessel features a MAN propulsion package, including a four-stroke L32/44CR engine, a MAN TCR20 turbocharger and a MAN SCR (Selective Catalytic Reduction) system, backed up by the MAN PrimeServ Assist data-driven servi...

Lawhill provides secondary-school students in Grades 10 to 12 with a specialised education and knowledge that prepares them for entry into maritime and related industries.   For more than two decades, the industry-funded programme has greatly improved the post-school employment prospects of thousands of young South Africans, especially those from financially-disadvantaged backgrounds. Event A special event was held at Lawhill to commemorate the 25-year milestone and the retirement of...

Major global container carriers CMA CGM and MSC Mediterranean Shipping Company (MSC) announced they are now integrated onto TradeLens helping ensure a more fully integrated, timely and consistent view of logistics data for their containerised freight around the world. The digital platform is run on IBM Cloud and IBM Blockchain, and was jointly developed by IBM and A.P. Moller - Maersk. These two global shipping front-runners, together with Maersk, will act as platform foundation carriers with a...

MAN Energy Solutions has received an order for 5 × 6G70ME-GI Mk 10.5 dual-fuel engines in connection with the construction of 5 × 210,000-dwt Newcastlemax bulkcarriers for EPS, the Singapore-based shipping company. EPS has sealed an agreement to charter the five LNG dual-fuel Newcastlemaxes to Australian mining giant, BHP, for a period of five years. The vessels are scheduled for delivery during 2022 and will carry iron ore between Western Australia and China. Dry bulk shipping fle...

The newly established agreement means that in the future Blue Water will be handling CUBIC’s sea and air freight as well as a courier – primarily from CUBIC’s headquarters in Brønderslev, Denmark to worldwide destinations. Furthermore, the agreement covers global transport from the company’s branches in Poland and China. Customised transport solutions “We chose Blue Water as our transport partner due to their wide range of transport products. We have...

SBM Offshore is pleased to announce that Esso Exploration and Production Guyana Limited (EEPGL), an affiliate of Exxon Mobil Corporation, has confirmed the award of contracts for the next phase of the Payara development project located in the Stabroek block in Guyana. Under these contracts, SBM Offshore will construct, install and then lease and operate the Prosperity FPSO for a period of up to two years, after which the FPSO ownership and operation will transfer to EEPGL. The award follows th...

Hong Kong-based TS Lines (TSL) has ordered two 'Bangkokmax' containerships of 1,900 teu at the CSSC-controlled Guangzhou Huangpu Shipyard, China, for a price of USD 22.8 M per unit, with options for a further two ships. The first two ships are planned for delivery in Q3 and Q4 2022. The four ships are aimed at TSL own services in East Asia. Newbuilding pipe line These gearless vessels will be wide beam units of a Loa of 172 m for a breadth of 27.50 m and will be fitted with SOx scrubbers for...

FESCO Transportation Group has launched a regular intermodal container service for seafood delivery from the Russian Far East to Jilin province in China. The service includes seafood delivery in refrigerated containers by the regular services of FESCO from Kamchatka, Magadan, and Sakhalin to Vladivostok, as well as by motor transport from enterprises in the Primorye Territory. Then the cargo is handled at the Commercial Port of Vladivostok (CPV, part of the FESCO Group) and sent to the Hunchunn...