09 JAN 2022 China has taken the number-one spot in shipbuilding, overtaking South Korea for annual order volume by compensated gross tons (CGT), according to data released Sunday by Clarksons. Over the span of the year, China’s shipbuilders raked in orders totaling about 22.8 million CGT, almost exactly 50 percent …
Read More »CLASSIC ENERGY-SAVING DEVICE ACHIEVES GUINNESS WORLD RECORD
07 JAN 2022 An energy-saving device attached to the propeller of ships developed by MOL three and half decades ago has entered the Guinness World Records as a global best-seller. Japan’s Mitsui O.S.K. Lines (MOL) announced that propeller boss cap fins (PBCF) sold by its subsidiary MOL Tech has been …
Read More »IS ECONOMIC GROWTH COMPATIBLE WITH DECARBONIZATION?
06 JAN 2022 Economic growth is the aim of many policies. Still, economic growth is also the ultimate cause of pollution and climate change. A growing consensus of activists and scientists calls for ending economic growth and even “de-growth” in rich countries – pointing to the urgent need to protect …
Read More »EVERGREEN HANDS OUT HUGE BONUSES FOR RECORD-SETTING YEAR
04 JAN 2022 Evergreen Marine Corp (EMC), the Taiwanese ocean carrier, is reportedly handing out generous annual bonuses after a great year for the company’s finances. Some employees are reportedly receiving a princely sum equal to 40 months’ salary. Buoyed by a surge in container freight rates, shipping companies witnessed …
Read More »VESSELSVALUE (VV) HAS LAUNCHED ITS LATEST AUTOMATED SERVICE: POSITION LIST.
03 JAN 2022 What is it? VV’s automated Position List allows users to see which vessels are available to pick up cargo at any global location with the click of a button. The service complements the traditional position list through providing an alternative and instant, objective and data driven view …
Read More »SEA LEVEL RISE IS ALREADY MAKING BANGLADESH’S WATER UNDRINKABLE
02 JAN 2022 Twice a week, 50-year-old Brajasundari loads a collection of jerrycans onto a pedal cart, climbs aboard and travels three kilometres from her village Kanchrahati to buy water. Millions of women in arid and semi-arid regions of South Asia would call her lucky; they must do this …
Read More »ANTARCTICA’S “DOOMSDAY” GLACIER COULD RAISE SEA LEVEL BY TWO FEET
01 JAN 2022 The massive Thwaites glacier in West Antarctica contains enough ice to raise global sea levels by more than 25 inches if it were to completely collapse. And, worryingly, recent research suggests that its long-term stability is doubtful as the glacier haemorrhages more and more ice. Adding 25 inches to global sea levels …
Read More »THREE SHIPS WITH FAKE IDENTITIES SEIZED AT INDIAN SCRAPYARDS
28 DEC 2021 Indian officials are reporting that they are detaining three vessels that arrived at the scrapyards in Alang earlier this month under false pretenses. Government officials said on December 20 that they are planning to confiscate the vessels that are currently in the anchorage at Bhavnagar where vessels …
Read More »2021 PORT CONGESTION REPORT
30 DEC 2021 Introduction Vessel and port congestion levels in 2021 so far have been unprecedented, significantly impacting capacity in the Container and Bulker sectors and disrupting global supply chains. Global shipping congestion in 2021 has been profound in many ways. From Covid-19 related port disruptions, the continuation of the …
Read More »TANKER CREW ACCUSED OF STEALING $1.2M WORTH OF DIESEL FROM THEIR SHIP
29 DEC 2021 Fuel theft is a classic form of maritime piracy, and it was common in Southeast Asia and the Gulf of Guinea for many years – but rarely did it involve the active participation of the entire crew. The Malaysian Maritime Enforcement Agency says it is investigating a …
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