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Shipping Nov, 22, 2024 0

Evergreen enhances container fleet with massive US$187 million order

Taiwanese major ocean carrier Evergreen has ordered 60,500 new containers for a total of US$186.8 million. The overall cost means that each container will cost US$3,087 on average, which suggests…
Shipping Nov, 22, 2024 0

Cosco orders twelve 14,000 TEU methanol vessels

Cosco Shipping Holdings has received shareholder approval to order a series of twelve methanol-fuelled container ships of 14,000 TEU capacity. The delivery of the vessels is expected to commence in…
Shipping Nov, 21, 2024 0

Maersk completes first conversion of a large container ship to a dual-fuel engine powered by methanol

As the first large vessel in the sector, the Maersk Halifax has been converted into a dual-fuel ship capable of operating with methanol. The modernization operation, which took 88 days…
Shipping Nov, 19, 2024 0

European Union Imposes New Sanctions Against Iranian Shipping Company

In a statement released on Monday (18), the European Commission, the executive branch of the European Union (EU), announced sanctions against the Islamic Republic of Iran Shipping Lines (IRISL) and…
Shipping Nov, 19, 2024 0

Shipping reflects on a year of Red Sea chaos and 1,000 days of war in Ukraine

Today is the one-year anniversary of the start of Red Sea crisis as well as being the 1,000th day since the start of Russia’s full-scale invasion of Ukraine – two…
Shipping Nov, 14, 2024 0

Dali arrives in China for repairs

This year’s most infamous ship, the Dali containership, has completed its voyage from the US and China and is now at one of the top repair yards in Asia. The…
Shipping Nov, 14, 2024 0

Hapag-Lloyd achieves good result in first three quarters of 2024

Hapag-Lloyd concluded the first nine months of 2024 with a Group EBITDA of USD 3.6 billion (EUR 3.3 billion). The Group EBIT stood at USD 1.9 billion (EUR 1.8 billion)…
Shipping Nov, 13, 2024 0

Why nuclear propulsion will be better

Andrew Craig-Bennett looks at the hurdles shipping faces in order to embrace what he sees as a vital form of power in the years ahead. Let’s suppose that we were…
Shipping Nov, 13, 2024 0

Evergreen in talks for container shipping’s first megamax orders of the year

Alphaliner is reporting Taiwan’s Evergreen Marine has issued a request for proposals for eleven 24,000 teu methanol dual-fuel vessels. Evergreen has reportedly asked six builders to make offers. The yards…
Shipping Nov, 11, 2024 0

Hapag-Lloyd introduces US$1,000 GRI in America

German ocean carrier Hapag-Lloyd announced a General Rate Increase (GRI) from the East Coast of South America to North and Central America, and the Caribbean. This rate increase will apply…