ISS Issues RFP to Construct North America’s First Zero-emissions Towboats
Houston-based Industrial Service Solutions (ISS) announced Thursday it is seeking bids from U.S. shipyards to build up to four hulls for what will become North America's first fully-electric towboats. The zero-emissions vessels, which will be constructed for New York-based Zeeboat and
Shipping Lines Skip a Beat
Global ports lost more than one-third of their expected capacity to ship containers in 2021, causing economic trouble for some smaller developing nations, among others, finds research commissioned by the Global Shippers Forum (GSF). The study, which was conducted by MDS
Baltic Dry Index Dips on Weaker Demand for Larger Ships
The Baltic Exchange's dry bulk sea freight index (.BADI) slipped on Wednesday as lower rates for capesize and panamax vessels outweighed gains in the supramax segment. The overall index, which factors in rates for capesize, panamax and supramax vessels, was down
The Time to Reduce Port Emissions is Now
Port operations across the country are vital to America’s economy, often coming at a cost to health and welfare of neighboring communities—notably, by emitting harmful emissions and producing poor air quality. Incorporating propane can help ports support economic growth while safeguarding
Why Should Shipping Come Under the EU’s Carbon Trading System?
The European Commission has proposed adding shipping to the bloc's carbon market for the first time, in a move that is set to shake up the industry after years of avoiding pollution charges by the bloc. But already there is disagreement
How congestion of cargo ships influences air freight
Logistics is like a chain - if one of its links is broken, it affects the whole chain. The same has happened with cargo ship congestion in the world's major ports. They have led to problematic situations not only in
More Shuttle Tankers Needed, Rystad Says
More shuttle tankers will be needed in the years ahead to keep pace with a projected rise in oil volumes needing transport, Rystad Energy said. Produced volumes requiring transport key shuttle tanker markets Brazil, Canada, Norway, the U.K. and Russia are
Indonesia Allows 37 coal Ships to Depart as Export Ban Eased
Indonesia allowed 37 loaded coal vessels to depart on January 13th in the strongest sign yet that the world's biggest thermal coal exporter is relaxing a ban on shipments of the fuel. A senior cabinet minister said in a statement the ban
Size Not the Main Goal, Shippers Say, as MSC Overtakes Maersk
Swiss-based container group MSC has overtaken Denmark's Maersk as the world's biggest shipper, the company said, confirming data from intelligence provider Alphaliner. After taking delivery of several ships last year, MSC or Mediterranean Shipping Company has capacity to move the equivalent
2021 in Review: The Dry Bulk and Tanker Markets
Copyright aerial-drone/AdobeStock The Signal Group offers an exhaustive overview of the trends in the dry bulk and tanker markets that both defined 2021, and offer a glimpse as to what might be in store for 2022 and beyond. The report is