Shipping
ESG provides roadmap for dry bulk shipping says INTERCARGO’s first review
(Posted on 02/05/24)The evolving Environmental, Social, and Governance (ESG) agenda is not merely a prerequisite for operating in the dry bulk shipping industry of the 21st century; it is a roadmap for thriving amidst challenges and securing sustainable success, says The International Association of Dry Cargo Shipowners (INTERCARGO).Summarising INTERCARGO...
Concern as challenges faced by Indian seafarers become more visible
(Posted on 02/05/24)Mental Health Support Solutions (MHSS) is deeply concerned as levels of loneliness and isolation experienced by Indian seafarers are becoming more apparent, particularly on vessels where cultural differences have not been adequately addressed.Julia Oppermann, Clinical Psychologist at MHSS, has closely observed an increasing openness...
OTG equips crews for ammonia-fuelled future with new e-learning course
(Posted on 02/05/24)With ammonia gaining popularity as a clean future fuel, and the first ammonia-powered vessels expected as early as 2025, Ocean Technologies Group (OTG) has the world’s first ammonia fuel safety e-learning title to familiarise seafarers with the differences in handling, storage and safety precautions needed on ammonia fuelled...
New cutting-edge cement carrier for Great Lakes trade
(Posted on 28/04/24)Eureka Shipping, a leading provider of sustainable, high-efficiency cement carrier services jointly owned by SMT Shipping and The CSL Group, has announced the construction of a state-of-art mechanical/pneumatic cement ship destined for operation in the Great Lakes. The cutting-edge vessel with a deadweight of 12,500 metric tonnes...
Red Sea conflict brings massive shipping carbon emissions increases
(Posted on 23/04/24)Conflict in the Red Sea has brought massive carbon emissions increases in ocean freight shipping, according to data released by Xeneta.The Xeneta and Marine Benchmark Carbon Emissions Index (CEI), which measures carbon emissions per ton of cargo transported across the world’s top 13 trades, hit 107.4 points in Q1 2024 - the...
WFW advises Danaos on US$450m newbuild vessel financing
(Posted on 23/04/24)Watson Farley & Williams (“WFW”) has advised Danaos Corporation (“Danaos”) on a US$450m post-delivery senior secured term loan facility to finance eight newbuild vessels under construction in the Daehan, Dalian and Qingdao shipyards to be delivered in 2024-2025. The lending syndicate comprised four major...
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