Tag: support
ABS Launches Pioneering Global Electrification Center to Support Maritime’s Net-Zero Transition
(SINGAPORE) ABS is launching a global ABS Electrification Center to support maritime decarbonization projects. Comprised of ABS engineers and technical specialists, the center will support a range of cutting-edge electrification projects for shipowners, shipyards and other stakeholders across the Asia Pacific region and around the world. The center will also…
GTT Strategic Ventures invests in bound4blue to support the development of wind-assisted propulsion technology
GTT Strategic Ventures, the GTT group venture capital arm, announces that it has led a fund-raising round of €15.9 million to support the development of bound4blue, a technology developer of automated wind-assisted propulsion systems for maritime transport. In particular, the funding round includes the participation of the European Innovation Council, Louis Dreyfus Company Ventures and…
Dry Bulk Market: Asia’s Coal Imports Offering Support
The dry bulk market is benefiting from the increase of seaborne coal trade in Asia, with China increasing its imports considerably during the course of the year. In its latest weekly report, shipbroker Intermodal said that “in recent weeks, Chinese economic data has suggested that the world’s second largest economy may be slowing this year…
Questions and Answers on Maritime safety: new proposals to support clean and modern shipping
What is the aim of the Directive on flag state requirements? Flag States (the State which registers the ship and under whose law it operates) are the keystone for ensuring maritime safety. Each flag State must take all necessary measures to attest to the ship’s safety and compliance with international rules and regulations, including IMO…
Carrier reliance on leased container fleet to support higher per diems and cash returns
A downturn in trade and mass disposal of surplus equipment will lead to a 2% contraction in the global container equipment pool in 2023. But a recovery thereafter will drive expansion of the fleet with most of this investment coming from lessors, raising newbuild values, per diems and cash returns. Source: Drewry Container Census &…
Carrier reliance on leased container fleet to support higher per diems and cash returns
Drewry expects the global pool of container equipment to contract by 2% in 2023 as trade growth remains weak and owners dispose of more equipment. In 2023, Drewry anticipates global container handling activity to increase by just 1% to 870.7 mteu. While inflation remains stubbornly high in several economies, it is generally in decline and…
