Maritime

Maritime transportation, goods, services and regulation news

CMA CGM posts a loss as Red Sea conflict rages

Bloomberg | February 26, 2024 | Maritime | Liner Shipping

CMA CGM SA, the world’s third-largest container line, posted its first quarterly loss in four years as the shipping industry struggles with the conflict in the Red Sea and the specter of overcapacity.

Chemship blazes the trail with wind propelled chemical tanker

Chemical Challenger targets 15% CO2 savings on Transatlantic route

WinGD and Mitsubishi Shipbuilding agree ammonia fuel supply system

Swiss marine power company WinGD and Japanese shipbuilder and technology developer Mitsubishi Shipbuilding Co., Ltd. have completed the initial design of an ammonia fuel supply system (AFSS) for vessels powered by WinGD’s X‑DF‑A ammonia-fueled engines.

The first Norsepower Rotor Sail™ funded by German government to be fitted on Baltrader’s new cement carrier

In summer 2024, Baltrader's new cement carrier M/V CEMCOMMANDER will be fitted with a Norsepower Rotor Sail™. This will improve energy efficiency and reduce the fuel consumption by up to 14%. The German Federal Ministry for Digital and Transport (BMDV) supports the project with NaMKü funding.

Eastern Pacific Shipping makes first wind propulsion move with bound4blue eSAILs®

• Eastern Pacific Shipping (EPS) to install three bound4blue eSAILs® on Pacific Sentinel in Q4 2024. • Investment shows EPS’ commitment to decarbonisation journey, with forecasted energy consumption savings of around 10%, depending on vessel routing.

US, allies step up strikes on Houthi targets after attack surge

Bloomberg | February 24, 2024 | Maritime

Houthi attack on ship led to ‘environmental disaster,’ US says

Bloomberg | February 24, 2024 | Maritime | Bulk

CMA CGM: Financial Results

AJOT | February 23, 2024 | Maritime | By The Numbers

Financial results reflect a year of contrasts for the transport and logistics industry and confirm the relevance of the CMA CGM Group’s strategy...

CMA CGM Announcement: Empty Equipment Imbalance charge

AJOT | February 23, 2024 | Maritime

From Turkey to the Mediterranean and North Africa...

Wilson Sons: 66% growth attending bulk carriers in Brazil through its shipping agency

AJOT | February 23, 2024 | Maritime | Bulk

With expertise in agribusiness and new clients, the company expands market share in segments such as soybeans, corn, wheat and barley...

UN sees ‘unprecedented challenges’ from canal crises and war

Crises in the Suez and Panama Canals, along with war in the Black Sea region, are upending supply chains and contributing to greenhouse gas emissions, according to a United Nations report.

Disruptions in key global shipping route signal unprecedented challenges for global trade

AJOT | February 22, 2024 | Maritime | Ports & Terminals | Canal and Waterway

[Freightos Weekly Update] Ocean carriers continue to adjust, approaching “new normal”

Asian shipowners face hefty emissions liabilities of €1bn for EU-bound voyages, according to OceanScore

Asian shipowners with vessels sailing to and from Europe are likely to face estimated emissions liabilities of over €1 billion once the EU Emissions Trading System (EU ETS) is fully implemented, with companies registered in China and Singapore bearing the highest burden, according to OceanScore.

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