Norsepower, together with project partners Maersk Tankers, Energy Technologies Institute (ETI) and Shell Shipping & Maritime, today announced the installation of two Norsepower Rotor Sails onboard Maersk Pelican, a Maersk Tankers Long Range 2 (LR2) product tanker vessel. The Rotor Sails are large, cylindrical mechanical sails that spin to create a pressure differential – called…
August 29, 2018 /
Singapore has topped the 2018 International Shipping Centre Development (ISCD) Index as the world’s best shipping centre for the fifth year in a row, beating cities including Hong Kong, Shanghai and London. The index, which was published by the Baltic Exchange and Chinese news agency Xinhua, ranks 43 of the largest ports and cities in…
In a piece written for the Parliament Magazine, Violeta Bulc, the European mobility and transport Commissioner explained how the international shipping sector is doing its part to contribute to global climate change efforts. Below are her thoughts: In April, more than 100 countries agreed on an initial strategy to reduce greenhouse gas (GHG) emissions from…
July 18, 2018 /
German shipping company Hapag-Lloyd is cutting costs to cope with a rise in fuel prices that led it to slash full year earnings forecasts last month, its chief executive told shareholders on this week. “Major cost positions have risen more than initially expected and are pressuring operating margins,” CEO Rolf Habben Jansen said in Hamburg. “We…
July 11, 2018 /
The Port of Felixstowe has stated that vessel and rail loading performance remain below target but no new issues have emerged as it works on resolving slow loading and delays caused by problems with its terminal operating system (TOS). Issues first surfaced last month when the port introduced the TOS but it confirmed in the…
Mariners have known about short cuts to the Pacific via the Arctic for a long time. The Northern Sea Route (NSR), north of Siberia, was discovered 300 years ago, and the Northwest Passage (NWP) has been on the map for more than a century. Although these routes are much shorter than the traditional trading routes from…
Europe has little to gain from trying to decarbonise the unwieldy shipping sector with liquefied natural gas (LNG), according to a new study that looks into how the EU could cut emissions over the next three decades. Research by consultants UMAS revealed on Monday (25 June) that pouring billions of dollars into LNG-refuelling capacity for…
In a landmark vote yesterday, Parliament unambiguously (415-119) backed expanding Heathrow – ending decades of political debate on one of the UK’s most pressing infrastructure issues. MPs from across political parties joined forces to support the Government’s Airports National Policy Statement. The vote clears the way for Heathrow to submit an application for development consent for…
June 13, 2018 /
Shanghai are working towards becoming an International Shipping Centre by 2020. To achieve the target and raise the city’s core competitiveness, the local government has drafted a three-year plan. One goal of the three-year plan is to further consolidate Shanghai’s status as an international shipping hub. In the Chinese mainland, the Port of Shanghai boasts…
The UK government has backed plans for the development of a new runway at Heathrow Airport. The UK Cabinet’s economic sub-committee approved plans for a third runway at the London airport before the proposals were backed by the full cabinet. The UK secretary of state for transport Chris Grayling said: "A successful, thriving aviation sector…