Bonds for Savannah 
The Georgia Ports Authority (GPA) does not intend to finance the build-up of its port facilities via credits from banks. Instead, it has announced plans to issue via public offering approximately USD 425 million in revenue bonds to fund infrastructure projects at the Port of... more
Containers: how long will the boom last?
Copenhagen-headquartered maritime consultancy Sea-Intelligence has put forward its forecast on how long the current boom in container demand in North America may last. Essential is the gap of spending in services and goods. CEO Alan Murphy: "Historically, the rate of... more
More wind power on Baltic Sea
After one year of experience of using rotor sails for the hybrid ferry "Copenhagen" on the Baltic Sea, Scandlines is planning the same equipment for its sister ferry "Berlin". The hybrid ferry "Berlin" also plies the Rostock-Gedser route, but unlike... more
Swire joins zero carbon initiative
With approx. 70.000 ships consuming 300 million t of fuel per annum, global shipping accounts for around 3% of global carbon emissions, a share that is likely to increase as other industries tackle climate emissions in the coming decades. That's why John Swire & Sons,... more
The Swiss "Briese"
Swiss investors are playing their part. Briese Schiffahrt (Schweiz), the Swiss branch of the German company of the same name, recently placed its first newbuild multi-purpose vessel «BBC Ukraine», which is part of a series of ten Briese F-500 multi-purpose vessels commissioned... more
Coalition for an ammonia-based engine
It is their first joint project for ammonia conversion: technology group Wärtsilä and Norwegian ship owner Eidesvik Offshore have signed a partnership aimed at converting an offshore supply vessel (OSV) to operate with an ammonia-fuelled combustion engine. The partners have set... more
What if vessels collided in Tokyo Bay?
Risks at sea are growing. In October, Japanese shipping company K Line carried out the "emergency response exercise” as a part of training for emergency response to major maritime accidents. The scenario of the exercise developed when an ore carrier chartered by K Line... more
China-USA freight rates relax grip
In its current analysis, New York-based intelligence provider and digital freight forwarding company Shifl notes that China-US spot freight rates have passed their peak over the last four weeks. With Chinese manufacturers slowing down production with the off-season coming... more
A further call for decarbonisation
For Europe, short sea operator and car carrier UECC is calling upon the European Union to set “aggressive” emissions targets under its proposal to include shipping in the emissions trading system (ETS) which may significantly increase the operating costs for pollutive vessels... more
How did short sea shipping do in 2020?
The Corona pandemic also left its mark on Germany's short sea shipping market last year. The volume of goods handled in short sea shipping in 2020 fell by around 8.4% year-on-year to around 165.6 million t, the lowest level in the last ten years. As in previous years, short... more