Demolition activity has picked up pace as the year draws to an end. In its latest weekly report, shipbroker Clarkson Platou Hellas said that “the stability witnessed in the market this week has provided a much-needed backbone for Cash Buyers and broker…
Demolition Activity Picking Up Pace Read More »
As spot container freight rates entered December, they also entered record-braking territory, climbing from USD 3,076 per FEU on the last day of November to USD 4,858 per FEU on first day of December. This was a milestone in its own way. Since then, al…
Container shipping remains disrupted by box equipment shortages which are restricting available capacity and so forcing freight rates to record highs. However, this is being driven by empty container repositioning issues rather than inadequate fleet. A…
Container equipment shortage due to logistics not fleet underinvestment Read More »
Interest in ammonia-powered fuel cells for the maritime sector is growing, but stakeholders have been hesitant to commit to investments in large-scale systems. Now the ShipFC project is aiming to secure a place for ammonia in the future of deep…
Ammonia Fuel Cells for Deep-Sea Shipping: A Key Piece of the Zero-emissions Puzzle Read More »
Northeast Technical Services Co., Inc. (NETSCo) and Lloyd’s Register North America, Inc. (LR) are working to design and develop a Jones Act compliant wind turbine installation vessel (WTIV) capable of serving the burgeoning U.S. offshore wind…
NETSCo, LR Designing Jones Act Wind Turbine Installation Vessel Read More »