China's newest and largest container ship has ABB turbochargers installed to help to ensure optimal performance and fuel efficiency. The flagship in Cosco Shipping Line's Universe mega containership series, the 21,000+ TEU COSCO Shipping Universe, was delivered in June 2018 by Chinese shipbbuilder Jiangnan Shipyard (Group) Co. Ltd. The vessel is equipped with three ABB A180-L two-stroke…
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Fuel prices are on the increase again, which is liable to have a considerable impact on the freight industry. Fuel is now at its highest cost since 2014, and the main reasons for this are the war in Syria, Iranian tensions and biofuel for renewable energy increases. As a result, pump prices and bunkering have…
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…
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…
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…
The order marks an important step for Hutchison Ports, which owns and operates the Port of Felixstowe in the UK, as it rolls out automation and remote control systems on STS cranes and RTGs at a growing number of terminals around the world. Last month Felixstowe received its first two remote controlled STS cranes (ZPMC).…