The biggest and most powerful liquefied natural gas (LNG)-fueled engine ever built has received type approval from classification society Bureau Veritas (BV), Switzerland-based engine manufacturer Winterthur Gas & Diesel (WinGD) said on Wednesday.BV awarded the approval for WinGD’s dual-fueled 12X92DF engines
Shipping group CMA CGM has obtained a 1.05 billion euro ($1.1 billion) loan to be 70% guaranteed by the French government as it seeks to bolster its cash position during the coronavirus pandemic, which has hammered international trade.The loan, secured from a consortium of banks comprising BNP Paribas, HSBC and Société Générale
Stena Bulk said it completed a test run of biofuel aboard its MR tanker Stena Immortal, as shipping companies seek fuel alternatives to help lower their carbon footprint and comply with more stringent environemental regulations.The 49,646 dwt tanker received its first delivery of Bio Fuel Oil made from used cooking oil a call at the Port of Rotterdam.
Swedish based tanker shipping company Stena Bulk will become the latest to run a ship on biofuel as owners and operators explore alternative fuels to help slash emissions.During the coming weeks, Stena Bulk will perform a test running MR tanker Stena Immortal on 100% MR1-100 bio-fuel oil, produced from used cooking oil and supplied by GoodFuels in Rotterdam.
French shipping group CMA CGM said its operations in China were returning to normal after the coronavirus outbreak crippled traffic last month, forecasting the health emergency would have a limited impact on its results this year.CMA CGM, the world's fourth-largest container shipping firm
China's fast-spreading coronavirus is throwing the global container shipping trade out of sync, with lines re-routing cargoes and reducing calls to Chinese ports, setting the scene for months of delivery delays ahead, industry sources said.The spread of the deadly virus has shut down cities and factories in China and disrupted global air travel.
Marine Highways Gain Traction in the Intermodal Supply Chain.In the United States, landside infrastructure is at a crisis point. Congestion at the big hub ports, exacerbated by imperfect intermodal interfaces with surface transport serving cargo hinterlands is at the heart of the matter.
The CMA CGM Group has launched its first new vessel in a series of nine liquefied natural gas (LNG) powered ultra large containerships at the Shanghai Jiangnan-Changxing Shipyard, the France-based shipping and logistics company announced on Wednesday.At 23,000-TEU capacity, the CMA CGM Jacques Saadé and its eight French-flagged sisterships will be the world’s largest containerships to run on LNG
While nothing lasts forever, the cruise industry – and particularly the ‘expedition’ cruise sector – remain on a historic run with no indication of a near-term slowdown.The leisure travel sector, of which expedition cruising is a part, offers numerous possibilities for delivering new “experiences” unlike industrial shipping businesses (or even conventional ferry and passenger transport)
“If consolidation was the solution to all that ails shipping, then container liner companies would be super profitable. They are not. In ‘commoditized’ sectors of the shipping industry, which by now includes pretty much everything apart from very small niche markets, there is hardly any economies of scale at the company level.
Since 2015, CO2 emissions per container transported per kilometer have been reduced by 17%, said CMA CGM Group, the shipping and logistics giant."The Group has achieved a 50% reduction in CO2 emissions per container transported per kilometer between 2005 and 2015. It has achieved a further 17% reduction between 2015 and 2018, in line with its 2025 objective of -30%
Shipping giant CMA CGM expects to see further growth in its volumes this year as increasing activity from southeast Asia towards the United States helps make up for slowing China-U.S. flows that were a drag on its first quarter.French-based CMA CGM, the world's fourth-largest containing shipping firm, reported on Wednesday a first-quarter net loss of $43 million