Shipping
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...
North Pacific Green Corridor Consortium forms new corridor
(Posted on 18/04/24)Global industry leaders from North America, Asia and Europe have announced the formation of the North Pacific Green Corridor Consortium (NPGCC) whose members and partners will work together to decarbonize the value chain for commodities between North America and Asia.The NPGCC will apply its collective expertise to develop a corridor...
Tomini Dynasty Captain receives prestigious Gallantry Award
(Posted on 16/04/24)Tomini Group, a world-class dry bulk ship owner, has announced that Captain Om Dutta has been honoured with the prestigious Gallantry Award at the 61st National Maritime Day, Sagar Samman Awards. Organized by the Directorate General of Shipping and Ministry of Ports, Shipping, and Waterways (India), this recognition highlights Captain...
Singapore retains top spot as world’s leading maritime city
(Posted on 15/04/24)Singapore has retained its title as the leading maritime city in the world, followed by Rotterdam and London, according to the 2024 Leading Maritime Cities (LMC) report from DNV and Menon Economics.The city-state, with its large owned and managed vessel fleets, strategic geographic advantages, pro-business policies and its position...
AtoB@C Shipping takes delivery of Stellamar
(Posted on 15/04/24)AtoB@C Shipping, a subsidiary of ESL Shipping, the leading carrier of dry bulk cargoes in the Baltic region, has taken delivery of Stellamar, the second in the series of twelve plug-in hybrid general cargo vessels. Stellamar is a state-of-the-art vessel that can reduce CO2 emissions by up to 50% compared to the present generation...
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