Tag: high
NYK Participates in International Seminar on Liquefied CO2 Capture, Utilization, and Storage High interest from Japan and abroad in quantitative assessment and issues throughout the value chain
On March 4, NYK participated in a seminar comparing the three modes of the carbon capture, utilization, and storage (CCUS) value chain. The seminar was hosted by the Global CCS Institute (GCCSI), an international think tank on CCUS, and held at the NS Toranomon Building in Tokyo. NYK Corporate Officer Tsutomu Yokoyama and Green Business…
Wärtsilä signs Electrification and Integration Services agreement for USA’s first zero-emission high speed ferries project
Technology group Wärtsilä has signed a strategic partnership agreement to provide its Fleet Electrification and Systems Integrator Services for a project to build the first zero-emission high speed ferries in the USA. The fully electric vessels will be built for San Francisco’s Water Emergency Transportation Authority (WETA), the operator of the San Francisco Bay Ferry…
Capesize tonne days growth from Brazil to China reaches new high, surpassing last year’s growth
The third week of October witnessed robust Capesize Brazil to China freight rates, as indicated in the chart above. Furthermore, the demand in tonne days exhibited a noteworthy surge in recent days. Nevertheless, the recent uptick in the number of ballasters presents a downward pressure to the latest recovery signs. On Monday, the price of…
Dry Bulk Carriers in High Demand
Ship owners have remained active in both the newbuilding and second hand market this past week. In its latest weekly report, shipbroker Allied Shipbroking said that “in the dry sector, 12 Ultramax orders picked up the pace following the previous week’s meagre one-handy order. Two of the Japanese deals are supported by long term time-charter…
Year-to-date product tanker newbuild contracting hits 10-year high
Newbuild contracting activity during the past five years has been low at about 5.46 million DWT per year. In addition, the product tanker order book hit a low of 9.67 million DWT in December 2022, the smallest order book since June 2001. Due to the low contracting of ships, the fleet has only grown at…
Europe’s shipping emissions back to pre-pandemic high
European shipping emissions reached an all time high last year, new Transport & Environment (T&E) analysis shows. With the UN’s global shipping body failing to agree on binding emissions measures at its landmark summit back in July, Europe must move ahead with its own ambitious decarbonisation path, says T&E. Every year, Europe’s shipping operators must…
Econowind scales up with support from NOM and Horizon Flevoland Till 30-metre high sails for large ocean-going vessels
Using the power of the wind, ocean-going vessels can sail more efficiently. Dutch company Econowind builds ‘VentoFoils’ in Zeewolde and Warten. These sails enable ship owners to reduce fuel consumption by up to 30%. This contributes to making the shipping industry more sustainable. The Investment and Development Agency for the Northern Netherlands (NOM) and Horizon…
High Newbuilding Prices Not a Deterrent Factor for Shipowners
High prices and low rates haven’t been able to deter owners from booking more newbuilding orders. In its latest weekly report, shipbroker Allied said that “the market remains in a similar state to that seen over recent weeks, with a shift in contracting patterns perhaps more likely as the summer holiday period ends and everyone…
BIMCO Shipping Number of The Week – Record high ship deliveries boost container fleet capacity by 4.3%
In this week’s “Shipping Number of the Week” from BIMCO, Chief Shipping Analyst, Niels Rasmussen, looks at deliveries of new container ships reaching a new record high during the first seven months of the year. The increase in fleet capacity comes at a time when current trade growth in many key regions is declining and…
