Income plunges for OOCL, Evergreen, Yang Ming, Wan Hai New operating results from four Asian shipping lines were released Friday, pointing to steep performance declines in the fourth quarter and ongoing market erosion in the first month of this year. Orient Overseas Container Line (OOCL), the Hong Kong-listed subsidiary
As the search continues for new alternative fuels to contribute to the decarbonization of shipping, Norway’s MPC Container Ships has entered into a future contract with Germany’s Ineratec for a new synthetic marine diesel oil for its ships. Ineratec, which is developed power-to-liquid applications for other segments of the
Maersk is moving towards a single, unified brand that will see shipping lines Hamburg Süd and SeaLand as well as newer acquired brands like Senator and LF Logistics discontinued and integrated into Maersk. “We believe that by integrating these into the Maersk brand, we will be able to ease
The divorce, due to be completed in January 2025, of container shipping’s “Odd Couple” as one liner veteran described it to Splash had been rumoured for many months, and it will pit Clerc, a Swiss citizen in Copenhagen, against Toft, a Danish former Maersk high-flyer in Geneva, in a battle for
You are a bridge officer on a 12,000 TEU container vessel in the Kill Van Kull Channel, heading west towards the Bayonne Bridge with a pilot on board. It’s a cloudless sunny day. As you pass Constable Hook Reach, you feel the ship veer hard to port and your speed
Hapag-Lloyd is joining a project underway in Germany to evaluate options for the supply of ammonia as bunker fuel. Germany’s Mabanaft, through its subsidiary Oiltanking Deutschland, is working with AirProducts to develop Germany’s first large-scale, green energy import terminal at its current facility in Hamburg. Hapag is joining in
The EU’s shipping price cap on Russian diesel and fuel oil takes effect on February 5, and the European Commission is thinking of setting the initial cap level at $100 per barrel, according to Bloomberg. Unlike the G-7 Russian oil price cap, which is a broad multilateral measure, the
Dubai-based terminal operator DP World is joining forces with Danish liner giant A.P. Moller – Maersk to boost operational efficiencies and deliver decarbonisation solutions at Jebel Ali port in the United Arab Emirates. The long-term strategic partnership will provide support for Maersk’s customers by implementing new processes to improve
Chinese New Year (CNY) sees a production slowdown in Asia while the major shipping lines announce blank sailings in order to bring supply in line with demand. According to Sea-Intelligence, in 2020, the CNY extended due to the Covid outbreak, while in both 2021 and 2022 the shipping
The IMO’s imminent carbon efficiency regulations could generate a wave of ships heading for recycling yards in the months ahead, some analysts have suggested. But others question whether there would be sufficient capacity to handle an influx of vessels if the flood gates open. Although the IMO’s carbon intensity
