Closing the gap on green shipping 
In a new report, Wärtsilä suggests that sustainable shipping fuels could reach cost parity with fossil fuels by 2035 with the help of policies such as carbon taxes and emissions limits. The EU emissions trading scheme (ETS) and fuel EU maritime initiative (Feum) are expected to... more
Building for the next 20 years 
An essential link between the river Seine and the maritime port of Le Havre. The official inauguration of the modernised locks of Tancarville at the end of February saw a multi-year construction project come to an end. A total of EUR 15 million was invested in the three phases... more
Germany's roadmap for port development
Germany's federal government has approved its national port strategy, a comprehensive plan to strengthen the competitiveness and sustainability of the country's ports. The aim is to address challenges such as climate and energy transformation, geopolitical tensions, the Covid-19... more
A tool to assess GHG impact
The Berlin-based software developer Zero 44 has launched its "fuel EU maritime calculator" to help shipping companies assess the financial impact of the upcoming fuel EU maritime regulation. The tool estimates the greenhouse gas intensity of a ship's fuel consumption... more
Greek buyers lead capesize surge
Dry bulk shipping values are on the rise, with capesize earnings reaching the highest seasonal levels since 2010, Veson reports. The sector has seen substantial value increases in all ages and size categories, particularly in the capesize and supramax segments. For instance,... more
Record order for automatic stacking cranes
ABB and the Austrian crane builder Kuenz have secured the largest single order of automatic stacking cranes (ASC) in European terminal history for the expansion of APM Terminals Maasvlakte II (APMT MVII) in Rotterdam, Netherlands. The contract includes 62 ASCs and one... more
Concordia Damen wins contract in Uruguay
Uruguayan shipowner TFF has contracted Concordia Damen to build a CDS 2410 river pusher for transporting cellulose pulp. The pusher, with 2,500 HP, will operate between Fray Bentos and Nueva Palmira. Concordia Damen built the vessel based on local river characteristics for... more
Advancing hydrogen collaboration
The port of Gothenburg has partnered with Hitachi Energy and Skanska to implement a hydrogen collaboration project in a significant step towards sustainable infrastructure development. The project features the use of a hydrogen generator with new technology, piloting... more
Shipowners finding a new role
In conversation with Andreas Stepan, spokesman for the association of Austrian shipping agents. The dangers on the Suez Canal route have had a strong impact on sea freight rates. Shippers are increasingly seeking direct contact with shipowners and splitting invitations to tender... more
DP World reports 2023 financials
DP World has announced its financial results for 2023, which show a 6.6% revenue growth to USD 18,250 million and a 1.9% uptick in adjusted ebitda to USD 5,108 million. The company's profit for the year decreased by 17.7% to USD 1,514 million due to higher finance costs. Cash... more