13bn saved with scrubbers since 2020
remains to be seen how they will deal with the new ETS, which, from January 2024, requires shipping companies to purchase and transfer permits (‘EUAs’) for every tonne of CO2eq...
CMES orders two new LNG carriers
CHINA Merchants Energy Shipping has commissioned Dalian Shipbuilding Industry to build two new LNG carriers for transporting Liquefied Natural Gas. The newbuildings have a 175,000 cubic metre capacity and cost...
Crude oil consumption dwindling
all factors that are weighing heavily on consumption. According to the IEA, demand will remain subdued through the first quarter of 2023. However, it is due to pick up momentum...
Boxships snub Asia-U.S trade lane
In June, the fleet used along the trade lane between the Far East and both sides of North America was 12.6% less year-on-year. According to Alphaliner’s latest report a total...
Container spot freight rates still falling
Drewry’s latest report points out that freight rates in the spot market fell by an average of 1% on the previous week to $1,741 per forty-foot container. Although 35% lower...
Boxship schedule reliability up
and 40%. Five others have a lower on-time performance, between 20% and 30%. The worst was Wan Hai, at just 22.6%. On a year-to-year basis, only three of the top...
Shipbreaking boom over next decade
year 2000 are expected to be scrapped and recycled. BIMCO’s forecast is based on historical data on the retirement age of ships. 50% of containerships, bulk carriers and oil tankers...
CMA CGM under hacker attack again
CMA CGM has fallen victim to a new hacker attack a year after the last breach took down its servers for a fortnight. The shipping company itself informed its customers,...