shipping market

Infographic: Cruise industry in numbers for Asia in 2018

The Cruise Lines International Association (CLIA) released its annual Asia Cruise Industry Ocean Source Market Report, which analyzes the growth, demographics and trends of the top source markets in Asia. The report noted a record-breaking 4.24 million ocean-going cruise passengers in 2018.

ABS presents Low Carbon Shipping outlook

ABS launched its ABS Low Carbon Shipping Outlook which defines ship technologies, operational efficiencies and alternative fuels and energy sources that are needed to achieve the 2030 and 2050 goals. To achieve cleaner and low carbon emissions, the shipping industry will need a better understanding of existing technologies and strategies while new technology, including fuels, will need to be developed.

Key Sustainability Challenges for the Maritime Industry

Danish Maritime sees sustainability challenges for the maritime sector as commercial rather than technical. Solutions are available either in the market or as proven pilot projects, but wide implementation is lagging due to split incentives and delays in legislation, argues Jenny Braat. 

Drewry: Manning costs to rise moderately in next five years

Manning costs have grown moderately over the last 12 months, checked by easing officer supply shortage, and are forecast to rise at a similar pace over the next five years, said global shipping consultancy Drewry in a new report. 

Nordic Shipholding sells Nordic Ruth again

Nordic Shipholding, Danish Shipowner, entered a new sale and purchase memorandum of agreement to dispose Nordic Ruth vessel, which the company didn’t manage to sell, in the past. The chemical/product tanker would be sold for USD 5.8 million.

Equinor signs contract to charter NAT’s Suezmax

Nordic American Tanker’s one of their Samsung built suezmaxes, the Nordic Zenith, has obtained a term contract with the Norwegian energy company Equinor. The new contract is expected to commence on expiration of the present spot employment and it could last 12 to 15 months.

Mr. Nicky Pappadakis receives Hellenic American Maritime Advocate Award

SAFETY4SEA, in collaboration with SHIPPINGInsight, is pleased to announce that Mr. Nicky A. Pappadakis has received the 2019 Hellenic American Maritime Advocate Award, sponsored by Cayman Islands Ship Registry, at a gala dinner and award ceremony which successfully concluded on May 29th at Megaron Athens, The Banqueting Hall, the evening on day one of the inaugural Hellenic American Maritime Forum, in Athens.

PCC Intermodal boosts railway connections from Rotterdam to Poland

The port of Rotterdam is well connected with the globe, being boosted by its rail sector; As such, PCC Intermodal train links Rotterdam and terminals in Frankfurt Oder, Kutno, Brzeg Dolny, Gliwice, Kolbuszowa and Poznań. The latter five cities are distributed across industrial areas in Poland. Thus, from April the train increased the frequency of this connection from seven to eight times a week.

Chinese market to surpass the impact of US-China trade dispute

During a speech at a forum on Saturday, May 25, Guo Shuqing, the People’s Bank of China’s party secretary and head of the China Banking and Insurance Regulatory Commission, commented that the impact of the trade war with the U.S. on the Chinese economy will be very limited.

Trade war slows global freight growth, warns Maersk

Trade war and an economic slowdown are two factors impeding growth in global freight, Danish giant Maersk, the world’s largest container shipping company, warned on Friday. Maersk cut its forecast for global growth in container traffic this year, due to the trade dispute between the US and China.

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