Finnish ship designer Deltamarin said it has signed a contract with Oy Fennorail Ltd for conceptual design of a train ferry capable of carrying both train and truck cargo.The so-called EUROCARRIER train ferry is being engineered to connect Finland to the European TEN-T railway networks and create a connection across Eastern Europe to Central Europe and the Mediterranean.
London’s marine insurance market on Tuesday added the Ukrainian and Russian waters around the Black Sea and Sea of Azov to its list of areas deemed high risk as tensions persist in the region, a senior official said.Guidance from the Joint War Committee, which comprises syndicate members from the Lloyd’s Market Association (LMA) and representatives from the London insurance company market
Russian warships entered the Barents Sea on Wednesday to rehearse protecting a major shipping lane in the Arctic, its Northern Fleet said on Wednesday, as Moscow stages sweeping military exercises involving all of its fleets.Russian military moves are being closely watched by the West at a time when a troop build-up near its border with Ukraine has sparked fears of a conflict.
A project to expand parts of the Suez Canal is expected to be completed after two years of work in July 2023, the chairman of the Suez Canal Authority (SCA) said on Sunday.The SCA announced accelerated plans to extend a second channel of the canal and to enlarge an existing channel after the Ever Given container ship ran aground and blocked the waterway for six days last year.
A coalition of 19 countries including Britain and the United States on Wednesday agreed to create zero emissions shipping trade routes between ports to speed up the decarbonization of the global maritime industry, officials involved said.Shipping, which transports about 90% of world trade, accounts for nearly 3% of the world's CO2 emissions.U.N.
Russia plans to begin year-round shipping via the Northern Sea Route that passes through the Arctic in 2022 or 2023, Deputy Prime Minister Yuri Trutnev said on Monday.Russia has invested heavily in infrastructure to develop the Northern Sea Route and wants it to become a major shipping lane as the Arctic warms at a faster rate than the rest of the world.
For almost three months now, the spot freight rate for containerized goods shipped by sea from North Europe to the U.S. East Coast has been 210% higher than last year (July 1 – September 23), according to shipping organization BIMCO.It wasn’t until April 1, 2021 that we saw the ripple effects from the globally stretched supply chains impacting front-haul freight rates on the Transatlantic
Metals miner Nornickel said it will participate in the design and building of Russia's first dual-fuel liquefied natural gas (LNG) and diesel icebreaker to prepare for more capacity in the environmentally sensitive Arctic region.Russia, which has a fleet of nuclear-powered icebreakers
Russia plans to build its first batch of icebreakers that are powered by liquified natural gas, a top official said on Friday, returning to an idea that was put on hold.Russia has the world's only fleet of nuclear-powered icebreakers. It is building up that fleet, hoping to develop the Northern Sea Route across its northern flank into an international shipping lane as climate change melts the ice.
A day after it ordered its tenth E-Flexer vessel in the RoPax class, Stena RoRo on Thursday said it had ordered two new ferries from the Chinese shipyard CMI Jinling (Weihai). To remind, the firm on Monday ordered the tenth unit from the same shipyard for a charter in Canada. The 11th and 12th Stena E-Flexer vessels, ordered Thursday, are in the RoPax class developed by Stena RoRo
Egypt's Suez Canal revenue rose to a record $5.84 billion in its 2020-21 financial year (July-June), up from $5.72 bln in the previous year, the Suez Canal Authority said on Sunday.The Authority also said the canal's revenues in the first six months of this year increased to about $3 billion compared with $2.
The Ever Given, one of the world's largest container ships, resumed its journey to leave the Suez Canal on Wednesday, 106 days after becoming wedged across a southern section of the waterway for nearly a week and disrupting global trade.The Ever Given started to head north in the late morning across the Great Bitter Lake