Asian shipowners taking the lead 
According to the analysis in Clarksons latest weekly report, the tonnage of the global fleet operated by Chinese shipowners has surpassed the tonnage of European fleets for the first time. The Asian part of the global fleet accounts for 43% of the total, with 48,472 vessels and... more
Port of Helsinki misses black figures
In 2021, the Port of Helsinki’s cargo traffic showed a strong recovery from the impact of the corona pandemic. In total, the port even broke its all-time record with a total of 14.4 million t handled, exporting 7.7 million t (9.3%) and importing 6.6 million t (+5.6%) of imports.... more
No more ship classification for Russian vessels?
The classification societies Lloyd's Register (LR), DNV and the American Bureau of Shipping (ABS) have stopped their services in Russia, due to the invasion of Ukraine. ABS said that it took the "the decision to withdraw all class services related to Russian ships, assets... more
More reefers for ONE
Japan’s Ocean Network Express (ONE), which is headquartered in Singapore, is opting for more reefers. The shipping company is adding 6,500 new units to its existing fleet. The demand for containerised reefers is expected to continue to grow in 2022. Besides using water-borne... more
P&O Ferries and its routes in peril
Cargo and passenger ferry operator P&O Ferries has laid off 800 members of its workforce of 3,000. The running services have also been blanked "for the next few days", as the company said. In a statement, P&O Ferries described its current economic... more
MSC linking USA and Sweden
MSC is launching a new service that will link the Baltic Sea with USA. The new line will have the following port rotation: Klaipeda - Gdynia - Gothenburg - Bremerhaven - New York - Philadelphia - Norfolk - Klaipeda. The first loop will be operated by the vessel “MSC... more
How to become "ammonia prepared"
Two 40,000 cbm LPG carriers, currently under construction for Geogas at Hyundai Mipo Dockyard (HMD) in South Korea, will be “ammonia prepared”. The classification is supported by Bureau Veritas. Delivery is expected for June 2023. These will be the first ships to receive BV's... more
RCL orders more newbuilds
Backed by a good result in 2021, Thailand-based Regional Carrier Lines (RCL) recently ordered two 7,000 teu units, contracting Shanghai Waigaoqiao Shipbuilding in China to build the two vessels of this size for an investment of USD 170 million. Deliveries are expected for... more
GAC Fuels' newest location
GAC Bunker Fuels has opened a new office in Westport, Connecticut (USA). It will be manned by LNG, biofuel, LSFO and MGO experts Maurice Lara and John Lindquist, and will be carbon neutral in keeping with GAC Bunker Fuels’ blue carbon projects. Beyond aligning with the... more
A cash injection for U-Ming
The ANZ Bank Taiwan has agreed upon a USD 50 million loan with bulk carrier U-Ming Marine Transport. The money will be invested in U-Ming’s fleet renewal and switch to more sustainable units. In April 2021, U-Ming had already secured its first sustainability-linked loan (SLL) of... more