Green Marine
Clipper Bulk downsizing to mitigate pandemic’s impact
Danish bulker operator Clipper Bulk A/S has launched cost-cutting efforts to combat historically low freight markets caused by the Covid-19 pandemic, which will include job cuts. The company said it would axe 24 out of 91 jobs ashore by the end of April, with the majority impacting the head office i
Dry bulk’s overcapacity woes exacerbate road to demand recovery
Over ordering of bulk carriers over the past ten years has set the tone for the upcoming decade as overcapacity hinders shipowners’ battle with low demand further constrained by the COVID-19 pandemic. A total of 413 million DWT has flooded the market since the turn of the decade, bringing the world
Wärtsilä to design Amundsen Expeditions’ cruise ship newbuilds
Wärtsilä has received an order to develop a design for up to six new luxury expedition cruise vessels to be owned and operated by Amundsen Expeditions.
Viking Line’s freight transport standing firm against COVID-19 impact
Finland-based ferry company Viking Line is experiencing a growth in demand for freight transport onboard its ships, keeping its traffic volumes high despite the COVID-19 pandemic’s impact on the movement of goods. The company’s passenger traffic has been slashed, however, a heavy volume of the freig
Hapag-Lloyd slashes its emissions by 50 percent, schedules boxship LNG conversion for Q4
German container shipping major Hapag-Lloyd has cut its CO2 emissions per TEU kilometre by 50 percent when compared to the reference year of 2008, the company said. The goal was achieved through economies of scale as the company introduced bigger and more efficient ships with improved water resistan
DFDS puts 12 ferries in lay-up due to demand drop
Danish ferry and logistics company DFDS has put 12 out of its 50 ferries in layups as a response to a drop in demand prompted by the COVID-19 lockdown measures which have slashed passenger volumes. Since mid-March, DFDS has suspended two passenger routes, Copenhagen-Oslo and Amsterdam-Newcastle, whi
The Switch: Why can’t governments respond to climate change the same way they did to COVID-19?
The COVID-19 pandemic has changed the way the world functions as governments and leaders across the globe have implemented unprecedented measures to curb the spreading of the virus. The life as we know it changed completely with factory lockdowns, closures of unessential services and stay at home or
Wärtsilä’s scrubber order intake takes a hit as fuel price spread narrows
The Finnish technology group Wärtsilä has reported a 12 percent order intake fall during the first quarter of 2020 as a result of the global measures aimed at curbing the spread of the COVID-19 pandemic. The order intake was worth EUR 1.2 billion when compared to EUR 1.4 billion in the same period l
Construction starts on Gothia Tanker Alliance LNG-powered tanker
China’s Avic Dingheng shipyard has started building the seventh liquefied natural gas-powered vessel ordered by Sweden’s Gothia Tanker Alliance. The Chinese yard held a keel ceremony for the dual-fuelled product and chemical tanker on April 18, according to Swedish shipowner Furetank. Furetank is a
BIO-UV Group: UV light used in BWM can kill coronavirus
The ultra-violet light technology used to kill the invasive species found in ships’ ballast water tanks can be used to protect seafarers, health workers, and first-responders from picking up the coronavirus from surfaces, French BIO-UV Group claims. The company said that it was readying a surface di
Smart ports: On the move to become Global Logistics Information Exchange Hubs
By Hanane Becha, TRAXENS & UN/CEFACT, Mikael Lind, RISE (Research institutes of Sweden), André Simha, MSC (Mediterranean Shipping Company SA), and Francois Bottin, CMA CGM Ports are taking significant strides with digital transformation and starting to declare themselves as “smart”. Processes are di
Port of Antwerp fighting corona infections with a smart bracelet
The Port of Antwerp is teaming up with the tech company Rombit to prevent corona infections by using a digital bracelet that ensures social distancing. The digital solution is being revealed as the port remains fully operational during the pandemic, with freight handling and industrial production co
OPEC+ production cuts have dire implications for oil tankers
The agreement of the members of OPEC and its allies to cut oil production by 9.7 million barrels of crude per day is not believed to be enough to offset the massive demand drop and will certainly have dire implications for the oil tanker shipping market. “The first quarter of 2020 has been one of [&
Container freight rates holding up as blank sailings hit 435
The container carriers have blanked a total of 435 sailings on various deep-sea trades, equaling a demand decline of 7 million TEU in 2020 caused by the COVID-19 pandemic’s impact on global economies. The figures were revealed by Danish consultancy Sea-Intelligence, which said the push has served as