Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Logistics Chain News

15 Nov 2023

UECC's EU ETS Solution Brings Clarity to Emission Costs

Source: UECC

Cargo owners seeking to determine their Scope 3 emission liabilities from the logistics chain must contend with multiple calculation methods from different shipping lines that will affect their costs exposure to the EU ETS for shipping. To resolve this conundrum for its clients, pure car and truck carrier (PCTC) owner and operator UECC has adopted a standardised methodology based on an existing and trusted industry framework.The EU Emissions Trading System (EU ETS), set to be phased in for shipping from January 1…

13 Nov 2023

Inside Wärtsilä’s Sustainable Technology Hub

(Photo: Wärtsilä)

“If we are to state our strategy in one word, it’s decarbonization,” said Juha Kytölä, director of R&D and engineering at Finnish tech company Wärtsilä. “What we are going toward is to supply the market with a portfolio of products that are ready for zero-carbon fuels.”In order to achieve its sustainability goals—including a 2030 target for carbon neutrality in its own operations—Wärtsilä has been taking big strides in research and development, having ramped up its investment on this front in recent years, Kytölä said.

09 Aug 2023

DB Schenker Decarbonising Logistics Chain with Biofuels

Source: Hapag-Lloyd

Hapag-Lloyd has entered into a partnership with logistics provider DB Schenker to decarbonise supply chains through the use of biofuels.The two companies have signed an agreement for emission-reduced container transports with a waste- and residue-based biofuel. By end of 2023, DB Schenker plans to claim approximately 3,000 metric tonnes of carbon dioxide equivalent (CO2e) emissions avoidance. This is based on at least 1,000 tonnes of pure biofuel.Hapag-Lloyd launched the Ship Green product to offer its customers emission-reduced ocean transports.

28 Dec 2022

ONE Acquires Stakes in Three California Box Terminals

© Elles Rijsdijk / Adobe Stock

Japanese container shipping company Ocean Network Express (ONE) announced it has acquired controlling stakes in three California container terminals amid a push by many of the world's largest global shipping lines to expand their presence in the port infrastructure component of the logistics chain.ONE, which is jointly owned by the Japanese shipping lines Nippon Yusen Kabushiki Kaisha (NYL), Mitsui O.S.K. Lines (MOL) and K Line, said it signed definitive agreements to acquire a 51% stake in each of TraPac and Yusen Terminals (YTI)…

08 Dec 2022

CMA CGM to Buy New York, New Jersey Terminals from Canada's GCT

CMA CGM, one of the world's largest container shipping lines, said on Tuesday that it has agreed to acquire two container terminals at the port of New York and New Jersey from Global Container Terminals (GCT), which will extend its presence in a crucial hub for trade.The deal comes after French-based CMA CGM last month said it expects a pullback in shipping markets to accelerate in the fourth quarter due to high energy prices and flagging consumer spending, resulting a drop in its profitability following an earnings surge in the past year.Terms of the deal were not disclosed.

08 Sep 2022

Chevron Supplies First Stem of 40 BN Category II Lube Oil

Pat McCloud, General Manager, Chevron Global Marine Lubricants (Photo: Chevron Global Marine Lubricants)

Chevron Marine Lubricants said it made its first delivery of a 40 BN Category II lube oil on August 30, in a breakthrough moment for operators of MAN ES Mk9 and above two-stroke engines, when it supplied a stem of its new Taro Ultra Advanced 40 to SIEM Car Carriers.“We are very pleased that Taro Ultra Advanced 40 is now available to our customers and that we have successfully made the first delivery,” said Pat McCloud, General Manager, Chevron Global Marine Lubricants. “From September, it will be available at major ports across Europe and Asia Pacific, including Singapore and Rotterdam.

28 Jul 2022

Container Shipping Rates: Has the Peak Been Reached?

Copyright namning/AdobeStock

Despite another slew of rises in long-term contracted ocean freight rates across key global trade corridors, month-on-month growth is slowing - and spot rates continue to weaken – suggesting prices may have peaked. However, according to the latest Xeneta Shipping Index (XSI), which crowd-sources real-time data from the world’s leading shippers, today’s valid long-term agreements stand 112% higher than this time last year, and a massive 280% up against July 2019.“The carriers have enjoyed staggering rates rises…

23 Feb 2022

First Shore-to-ship LNG Bunkering for SIEM Car Carrier

(Photo: Eagle LNG)

Eagle LNG marked a series of firsts when it fueled the 7,500-car carrier SIEM Aristotle from its Talleyrand LNG Bunker Station at the Jacksonville Port Authority (JAXPORT) in Jacksonville, Fla. It was the first time SIEM has refueled the vessel from a landside bunkering facility and the first ship that Eagle LNG refueled of that size from the bunkering facility.SIEM Aristotle is the first deep-sea pure car, truck carrier (PCTC) equipped with dual-fuel engines, designed to operate on LNG and marine gas oil (MGO).

31 Jan 2022

Container Shipping: Rates Dip in January, Fundamentals Strong says Xeneta

Copyright namning/AdobeStock

Long-term contracted ocean freight rates fell 3.6% in January, according to the latest Xeneta Shipping Index (XSI) Public Indices, the second consecutive monthly rates decline following 14 straight months of increases. Despite the recent stumble, contracted rates stand 98.1% up year-on-year.“The logistics chain remains stressed,” said Patrik Berglund, CEO of Oslo-based Xeneta, “with demand outstripping supply, port congestion, a lack of equipment and the ongoing pandemic impacting across key global trades.

08 Nov 2021

SAAM Reports 40% Jump in Revenue

Photo courtesy SAAM

SAAM, a provider of port, towage and logistics services in 14 countries in the Americas, reported net income of $55.5 million for the nine months ended September 2021, up 40% from the January-September period in 2020. EBITDA reached $202.3 million and sales totaled $548.9 million, marking rises of 28% and 29%, respectively (all consolidated figures).Figures for the quarter were also positive: Net income was $18.8 million (+162% with respect to 3Q2020), Sales totaled $192.6 million…

03 Nov 2021

CMA CGM to Buy Los Angeles' FMS Container Terminal

(Photo: Fenix Marine Services)

Shipping group CMA CGM has agreed to acquire the Fenix Marine Services (FMS) container terminal at the port of Los Angeles in a deal worth around $2 billion that will extend its presence in a crucial hub for transpacific trade.CMA CGM currently has a 10% stake in FMS and it is to buy the remaining 90% from investment fund EQT Infrastructure III on the basis of an enterprise value of $2.3 billion, CMA CGM and EQT said on Wednesday.France-based CMA CGM, one of the world's largest container shipping lines, expects to pay out around $1.8 billion for the 90% stake and will finance the deal from its

27 May 2021

For Europe to Meet Offshore Wind Targets, $7,9B in Port Investments Needed, Report Says

Image by halberg/Adobestock

Some €6.5 billion (around $7,9 billion) in port infrastructure investments will be necessary for Europe to reach its 2030 offshore wind objectives, according to WindEurope.WindEuope, which says that ports are key to offshore wind development, has called for the European Commission to develop a Ports Strategy "and recognize the societal and ecological value of ports.""To deliver the offshore wind expansion set out in the EU’s Offshore Renewable Energy Strategy, Europe’s ports must expand and add new infrastructure," WindEurope said Thursday."Ports are central to offshore wind.

07 May 2021

Stena Bulk CEO Erik Hånell Discusses Path, Cost Toward Decarbonization

The InfinityMAX concept is Stena Bulk’s take on zero emissions, self-sufficient and flexible seaborne transportation. It aims to have a ship with a similar design to the InfinityMAX concept operating on the water by 2035 at the latest. Image courtesy Stena Bulk

Stena Bulk invests in the future, a future defined by decarbonization in the shipping sector. Erik Hånell, President & CEO, Stena Bulk discusses the plan, the path and the costs.While the majority of shipowners still struggle to pick the technological path toward meeting emission reduction targets in the coming 30 years, one company, Stena Bulk which today has about 110 tankers (30% owned, 70% managed) generating about $1.4B in revenue annually, recently unveiled its roadmap toward decarbonization…

12 Jan 2021

Two Autonomous Electric RoRo Vessels Driven by SCHOTTEL

(Image: Naval Dynamics)

German propulsion systems manufacturer SCHOTTEL said it has been awarded a contract to deliver SCHOTTEL EcoPellers and PumpJets for two new autonomous RoRo ships. They will be operated by ASKO Maritime AS, Norway’s largest grocery wholesaler, and built at Cochin Shipyard (CSL) in India. Both vessels will have full battery-electric propulsion and are designed for transporting trailers across Oslo Fjord between two of ASKO’s distribution centers.Kai Just Olsen, Director of ASKO Maritime…

01 Sep 2020

All-electric Autonomous RoRo Ships Under Development

(Image: Kongsberg Maritime)

Kongsberg Maritime and Massterly (a Kongsberg Wilhelmsen joint venture) have signed contracts with the Norwegian grocery distributor ASKO to equip two new all-electric vessels with autonomous technology, and to manage their operations at sea.ASKO, which currently transports its cargo by more than 800 trucks daily, is investing heavily in environmentally friendly technologies such as electric and hydrogen-powered vehicles. At present, road transport is the single mode of transportation…

20 Aug 2020

MarTID 2020: Maritime Training Budgets Continue to Rise

Training budgets for seafarers continue to rise around the world, and seafarers themselves increasingly are paying the price, according to the MarTID 2020 Training Practices Report.Responses (278) to the 2020 MarTID report, the third in the series, rose 60% versus 2019, and again included insights from seafarers (accounting for 53% of the response), vessel operators (24%) and METIs (23%).The survey for MarTID 2020 was concluding just as COVID-19 was starting to spread rapidly…

10 Jul 2020

Desperate Times for Sailors Stranded by Pandemic

(File photo: A.P. Moller - Maersk)

Jens Boysen disembarked one of the world’s largest container ships on Thursday after 167 days at sea when he has acted not only as captain but also as doctor, dentist, mental coach and entertainment director for his stressed-out crew.Almost 200,000 seafarers like Boysen are stuck onboard merchant ships, some for more than a year, because coronavirus travel restrictions make it almost impossible to rotate crews, according to the U.N.’s International Maritime Organization (IMO).The crews…

22 Jun 2020

'Smart Port as a Service'

(Image: Awake.AI)

A new maritime digitalization solution aims to enable real-time communication and collaboration between sea, port and land logistics operators while providing a capabilities overview that helps users to improve the utilization of their resources. The newly launched Smart Port as a Service from Awake.AI is a real-time collaboration and situational awareness tool that uses artificial intelligence (AI)-based predictions to unlock smarter operational optimization for all maritime actors.

17 Jun 2020

Interview: William Doyle, Incoming Head of the Port of Baltimore

(Photo: Maryland Port Administration)

William P. Doyle is the incoming Executive Director of the Maryland Port Administration. A former U.S. Federal Maritime Commissioner, Doyle currently serves as CEO & Executive Director of the Dredging Contractors of America – and the group's member companies have recently made a series of announcements to build new dredges of several types and sizes. We caught up with the incoming Port of Baltimore head to discuss his initial goals for the new role. How do you feel about being selected the head of MPA and Executive Director of the Port of Baltimore?I feel terrific.

06 Apr 2020

Diego Aponte: MSC CEO Offers Insight on COVID-19 Impact

Photo: MSC

In an open letter posted on the MSC website, MSC Group President & CEO Diego Aponte offered public comment and perspective on the COVID-19 situation for MSC's cargo business. “The spread of COVID-19 has created a public health issue unprecedented in our lifetimes, triggering an unexpected shock for societies and economies,” said Aponte.Calling the industry “as an essential cog for global trade” Aponte’s recognizes his company’s role in helping to keep products moving while taking…

23 Feb 2020

Global shipping Hit by Coronavirus

Global shipping holds its breath as the coronavirus continues to spread and generates massive economic and financial uncertainty.Two weeks ago, BIMCO argued that – from an economic perspective - when China sneezes, we all catch the flu. Since the SARS outbreak in 2003, the global economy has become much more interlinked with China and the Chinese economy has grown to become the second largest in the world.While hard facts and reliable data are in high demand, they are in short supply, nevertheless it’s time for a more thorough diagnosis on how this affects the global shipping industry.The coronavirus outbreak coincided with the Lunar New Year, which led to nation-wide extensions of the holiday. However, even with the passing of the holiday extensions, large parts of China remain closed.

24 Nov 2019

Belgium Players Join Forces Hydrogen Transportation

The climate target to reduce CO2 emissions in Belgium by 80% by 2050 compared to 2005 levels is a major challenge. Hydrogen has an important role to play in the mix of solutions to achieve results.That is why Deme, Engie, Exmar, Fluxys, Port of Antwerp, Port of Zeebrugge and WaterstofNet are joining forces. A joint study serves as a basis to coordinate delivery of concrete projects that shape the production, transport and storage of hydrogen.In a hydrogen economy, hydrogen is an important carrier for renewable energy to be used for electricity and heat production, for mobility, for fuel production and as a raw material for industrial production.Crucial in the viability of a hydrogen economy is the generation of sufficient renewable electricity for the production of hydrogen.

11 Nov 2019

IMO Launches Compendium

Streamlining the many administrative procedures necessary when ships enter or leave port is an important element of International Maritime Organization (IMO)'s work.And now, an important tool used by software developers to create systems for exchanging the relevant data electronically has been made available by the Organization online and free of charge.The IMO Compendium is a reference manual containing data sets and the structure and relationships between them, that will enable the IMO Member States to fulfill a mandatory obligation (in place since April 2019) for the reporting formalities for ships, cargo and people on board international…