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Transatlantic News

11 Mar 2024

ONE Establishes New Headquarters in Dubai

Sundeep Sibal courtesy of ONE.

Ocean Network Express (ONE) has opened a West Asia Regional Headquarters in Dubai. The move aims to expand ONE's growth in the rapidly developing markets of the Indian Subcontinent, Middle East and East Africa.The West Asia Regional Headquarters office will serve as ONE’s central hub across the region, encompassing functions such as commercial activities, customer service, and digitization. It will also house a team dedicated to developing regional trade partnerships and exploring…

21 Feb 2024

ARC Keeps the Cargo Rolling

Flags on M/V ARC Defender.
Image courtesy ARC

With a fleet of nine U.S.-flag RoRo ships, American Roll-On Roll-Off Carrier Group (ARC), is the U.S.’ premier commercial RoRo carrier of U.S. government and military cargo. As the world becomes an increasingly contentious place, Eric P. Ebeling, President & CEO, ARC, discusses the vast capabilities of the ARC fleet and logistics network, as well as the challenges and opportunities ahead for U.S.-flag ships in the international trade.By the numbers’ is a simplistic means to gauge the size and shape of any shipping company…

17 Jan 2024

Maersk and Hapag-Lloyd Set Up Operational Cooperation

© STOCKSTUDIO / Adobe Stock
 

Shipping industry majors Hapag-Lloyd and Maersk have signed an agreement for a new long-term operational collaboration called ‘Gemini Cooperation’, which will start in February 2025.The ambition is to deliver a flexible and interconnected ocean network with industry-leading reliability.The new cooperation between the companies will comprise a fleet pool of around 290 vessels with a combined capacity of 3.4 million containers (TEU). Maersk will deploy 60% and Hapag-Lloyd 40%, the shipping giants said.As a part of the agreement…

05 Dec 2023

Sails and Satellite Navigation Could Cut Shipping Industry’s Emissions By Up to a Third

A cargo vessel with Flettner rotors – a modern equivalent to sails. Flettner rotors are smooth cylinders with discs that spin as wind passes at right angles across it. (Photo: Norsepower)

In the vast expanse of the world’s oceans, a transformation is underway.The international shipping sector, made up of thousands of massive cargo ships laden with many of the goods we buy, emits carbon dioxide (CO₂) roughly equivalent to the entire country of Germany.Our research emphasises the need for immediate action. Reducing shipping emissions by 34% by 2030 is necessary to stay on course with the Paris Agreement’s 1.5°C goal. But with low-carbon fuel pipelines unlikely to be available at the necessary scale until at least the 2030s…

25 Oct 2023

Louis Dreyfus to Operate Methanol- and Wind-Powered RoRos for Airbus

(© Louis Dreyfus Armateurs / Airbus)

Louis Dreyfus Armateurs (LDA) said it has been tapped by Airbus to renew its entire fleet of chartered vessels for aircraft subassembly transport with three modern, low-emission roll-on / roll-off vessels, supported by wind-assisted propulsion.LDA announced Wednesday it has been commissioned to build, own and operate these new highly efficient vessels, slated for entry into service from 2026.Powered by a combination of six Flettner rotors—large, rotating cylinders that generate lift thanks to the wind…

23 Oct 2023

Container Shippers in Store for Stormy 2024 - Xeneta

© TIMDAVIDCOLLECTION / Adobe Stock

Supply chains around the world could be at serious risk amid expected increases in the cost of ocean freight shipping during 2024.Oslo-based Xeneta has carried out in-depth analysis of the latest ocean freight rates and branded the current market as unsustainable.Xeneta CEO Patrik Berglund said: “The cost of moving goods by sea has plummeted during 2023 by almost 60% for long term contracts on a global level and some corridors, such as the Transatlantic into US East Coast and Far East to Europe…

04 Sep 2023

Hapag-Lloyd CEO: Transatlantic Shipping Trades Under Pressure

Source: Hapag-Lloyd

Transatlantic shipping freight rates have come under pressure from slack demand, meaning ship operators must watch costs, the chief executive of Germany's Hapag-Lloyd said on Monday."Rates have definitely collapsed, and that means we have to start looking at our costs, which have gone up," said Rolf Habben Jansen, CEO of Hapag-Lloyd, the world's fifth biggest container liner, in a call with journalists.He listed higher wage inflation, fuel prices, and terminal and timecharter costs, adding that the cost concerns could mean that certain voyages were cancelled.(Reuters - Reporting by Vera Eckert

07 Jul 2023

Inside the Subsea Cable Firm Secretly Helping America Take on China

On Feb. 10 last year, the cable ship CS Dependable appeared off the coast of the island of Diego Garcia, an Indian Ocean atoll that’s home to a discreet U.S. naval base.Over the next month, the ship’s crew covertly laid an underwater fiber-optic cable to the military base, an operation code-named “Big Wave,” according to four people with direct knowledge of the mission, as well as a Reuters analysis of satellite imagery and ship tracking data.The new super-fast internet link to Diego Garcia, which has not previously been reported, will boost U.S. military readiness in the Indian Ocean, a region where China has expanded its naval influence over the last decade.The CS Dependable is owned by SubCom…

08 Jun 2023

Capesize Spot Rates Hesitant Despite 5% Rise in Demand -BIMCO

© cloudvisual / Adobe Stock

“During the first five months of 2023, demand for Capesize ships increased 5% y/y while supply increased 3% y/y. Nonetheless, spot rate increases remain hesitant, largely due to concerns over China’s fragile economic recovery,” says Filipe Gouveia, Shipping Analyst at BIMCO.Demand growth was supported by a 4% increase in average haul while cargo volumes increased only marginally. Average haul increased due to higher exports from Brazil and Guinea and higher volumes of long-haul Russian coal.Supply rose due to a 2% y/y increase in the Capesize fleet and a 1% increase in fleet productivity.

27 Apr 2023

“Friendshoring” Impacts Container Shipping Trade Patterns

© Peter / Adobe Stock

As geopolitical upheaval continues, Peter Sand, Chief Analyst, Xeneta, explores how global trade patterns have (and will) evolve.Geopolitical unrest could have dramatic and long-term impacts on global trade patterns for all goods and commodities, as political alliances are essentially being ripped up and rewritten. Spurred by Russia’s invasion of Ukraine in 2022, changing trade patterns are emerging in the container shipping sector, said Xeneta’s Peter Sand, as the term of the day is “friendshoring”…

05 Apr 2023

Russia Using Ship-to-ship Diesel Transfers for Transatlantic Exports

Russia has started to make ship-to-ship (STS) transfers of diesel near African ports as it seeks transatlantic sales, according to traders and Refinitiv Eikon data.A full EU embargo on Russian oil products on Feb. 5 has boosted Russian diesel exports to Asia, Africa, and the Middle East, with STS loadings in the Mediterranean helping to shorten eastern routes. Last month, Russia sent about 1.0 million tonnes of diesel to African countries, some of which could be re-exported, traders said."Some volumes could be blended and resold or transshipped to reduce freight costs on the long routes," one trader said.About 42,500 tonnes of diesel…

25 Jan 2023

Container Shipping Giants Maersk, MSC to End Alliance from 2025

©Maersk

Container shipping firms MSC Mediterranean Shipping Company (MSC) and Maersk have mutually agreed to terminate, effective in January 2025, their 2M alliance.2M is a container shipping line vessel sharing agreement (VSA) introduced in 2015 " with the aim of ensuring competitive and cost-efficient operations on the Asia-Europe, Transatlantic and Transpacific trades."In a joint statement on Wednesday, CEO Vincent Clerc of A. P. Moller - Maersk, and CEO Soren Toft of MSC said:“MSC and Maersk recognize that much has changed since the two companies signed the 10-year agreement in 2015.

07 Dec 2022

Wind Propulsion: Kite System Trialed on Transatlantic Voyage

Seawing flying at a height of 200 meters from Louis Dreyfus Armateurs’ vessel Ville de Bordeaux. 250m2 version pictured – 500m2 version is also onboard (Photo: Airseas).

An innovative kite system is being put through its paces on board a cargo ship crossing the Atlantic as wind propulsion takes off for commercial shipping as a means to reduce fuel burn and harmful environmental emissions.The system, called Seawing, has been developed by France-based Airseas, and is currently being trialed on the 154-meter ro-ro vessel Ville de Bordeaux, which is operated by Louis Dreyfus Armateurs (LDA) and chartered by Airbus, Airseas' minority shareholder and launch customer.As the ship transports aircraft components between Europe and the United States…

01 Nov 2022

Ghana's Historic Slave Forts are Being Swallowed by Rising Seas

Cape Coast Castle - Ghana / ©demerzel21/AdobeStock

For 21 years, Fort Prinzenstein's caretaker James Ocloo Akorli has watched the Gulf of Guinea's tempestuous waters eat away at both his livelihood and his heritage.The 18th century Danish citadel, set along Ghana's palm-fringed coastline, was once the last stop for captured Africans before they were forced onto slave ships bound for the Americas.Today, three-quarters of the UNESCO World Heritage site has been swallowed by the sea."There have been mornings after a storm when I have come to find large parts of the fort have just disappeared…

22 Sep 2022

Roundtable: North American Naval Architects Weigh In

From left: Mike Fitzpatrick, president, Robert Allan Ltd.; Jeff Bowles, director, DLBA Naval Architects; and Rich Mueller, president and CEO, NETSCo.

Marine News spoke to leaders at three North American naval architecture and marine engineering firms about some of the latest trends impacting their business today. Mike Fitzpatrick, president, Robert Allan Ltd.; Jeff Bowles, director, DLBA Naval Architects; and Rich Mueller, president and CEO, NETSCo., weigh in on topics such as digitalization, decarbonization and the naval architect talent pool.How do you view the maritime industry’s ongoing shifts in areas such as digitalization and decarbonization…

29 Jul 2022

Norwegian's First Prima Class Cruise Ship Delivered

Norwegian Prima (Photo: Fincantieri)

Norwegian Prima, the first of six vessels from Norwegian Cruise Line’s (NCL) new Prima Class of ships was delivered at Fincantieri's shipyard in Marghera on Friday.Along with her sister-ships, Norwegian Prima will form the backbone of the future NCL fleet, at more than 142,500-tons, almost 300 meters long, and accommodating 3,215 guests. Deliveries are scheduled through 2027.Starting in the summer of 2022, Norwegian Prima will offer itineraries in Northern Europe with voyages from Amsterdam…

10 Jun 2022

Disney Cruise Line Takes Delivery of Disney Wish

(Photo: Disney Cruise Line)

Disney Cruise Line has taken delivery of the 144,000 GT Disney Wish, its first new cruise ship in more than a decade.The fifth ship in the Disney fleet, the liquefied natural gas (LNG)-fueled vessel was built by German shipyard Meyer Werft and officially handed over during a ceremony in Bremerhaven on Thursday. Disney Cruise Line president Thomas Mazloum and Meyer Werft managing director Jan Meyer signed the documents transferring ownership of the new cruise ship from the shipbuilder to Disney.Following the ceremony…

23 May 2022

BP, Rio Tinto in Year-long Marine Biofuel Trial

Credit: BP

Mining giant Rio Tinto has entered an agreement with the oil major BP to start a one-year biofuel trial to reduce carbon emissions from Rio Tinto’s marine fleet. Under the trial, BP is supplying Rio Tinto with marine biofuel for approximately 12 months. The fuel will be trialed on Rio Tinto’s RTM Tasman bulk carrier on a mix of Transatlantic and Atlantic-Pacific routes, in what has been described as "one of the longest-duration marine biofuel trials to date." "Sustainable biofuels…

25 Mar 2022

U.S., EU Strike LNG Deal as Europe Seeks to Cut Russian Gas Dependency

 ©Alexander Limbach/AdobeStock

The United States will work to supply 15 billion cubic meters of liquefied natural gas (LNG) to the European Union this year to help it wean off Russian energy supplies, the transatlantic partners said on Friday.The EU is aiming to cut its dependency on Russian gas by two-thirds this year and end all Russian fossil fuel imports by 2027 due to Russia's invasion of Ukraine. Russia supplies around 40% of Europe's gas needs.Concerns over security of supply were reinforced this week after Russia ordered the switch of gas contract payments to roubles…

21 Mar 2022

EU Split on Russia Oil Sanctions, Mulls Other Steps

© Andrey Sharpilo / Adobe Stock

The European Union's foreign ministers disagreed on Monday on whether and how to slap sanctions on Russia's lucrative energy sector over its invasion of Ukraine, with Germany saying the bloc was too dependent on Russian oil to decide an embargo.The EU and allies have already imposed hefty measures against Russia, including freezing its central bank's assets.Russia's siege and bombardment of Mariupol port, which EU foreign policy chief Josep Borrell called "a massive war crime"…

16 Dec 2021

First Ship Fit with 'Seawing' Kite Propulsion System

(Photo : Cinétique Films / Airseas)

A French ro-ro ship will be the first commercial vessel to trial a novel wind-assisted propulsion system designed to curb emissions from shippingAirseas said it has installed its Seawing system on the vessel Ville de Bordeaux owned and operated by Louis Dreyfus Armateurs. The ship, which is chartered by Airbus to transport major aircraft components between France and the U.S., will deploy the 500-square meter Seawing on its monthly transatlantic journeys from January 2022, conducting…

29 Nov 2021

Germany Working with U.S. on Nord Stream 2 Pipeline Deal

Credit: NS2

Germany said on Sunday it was continuing to work closely with the United States on implementing a deal on the Nord Stream 2 pipeline, which runs under the Baltic Sea and carries gas from Russia to Germany.Germany's foreign ministry said it continued to coordinate closely with the U.S. administration on implementing a joint declaration on the $11 billion pipeline.The Biden administration has waived sanctions on the pipeline operator and made a deal with Germany in July, although…

24 Nov 2021

SEA-KIT's USV Equipped with Innovative Connectivity Solution by Inmarsat

Credit: Inmarsat

Maritime and offshore mobile satellite communications specialist Inmarsat has installed a new connectivity solution on SEA-KIT's uncrewed surface vessel (USV) Maxlimer using virtualized networks that the company says will establish higher standards for over-the-horizon uncrewed vessel control.The installation connects the USV Maxlimer to the best available network at all times by switching as necessary between Fleet LTE, Global Xpress (GX) and FleetBroadband satellite services when out of range…