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Pacific International Lines (PIL) of Singapore, once nearly doomed, is now top of the charts when it comes to operating margins among the world’s largest containerlines. Describing the “renaissance” PIL has been through since its majority takeover by Singapore’s state-owned investment arm Temasek in 2021, analysts at Alphaliner have crunched the numbers on the company’s …
https://splash247.com/pils-renaissance-sees-it-top-the-operating-margin-charts-among-leading-liners/
https://splash247.com/pils-renaissance-sees-it-top-the-operating-margin-charts-among-leading-liners/Alphaliner is reporting that Ocean Network Express (ONE) and Hapag-Lloyd are close to finalising big orders in Asia as the record global container orderbook nears 10m teu. Singapore-based, Japanese-owned ONE is in discussions with HD Hyundai in South Korea for up to twelve 16,000 teu ships, in a deal estimated to be worth $2.6bn, while …
https://splash247.com/one-and-hapag-lloyd-line-up-more-than-30-newbuild-contracts/
https://splash247.com/one-and-hapag-lloyd-line-up-more-than-30-newbuild-contracts/Maritime identity laundering and the rise of so-called zombie vessels have evolved from a niche tactic into a “systemic enabler of large-scale sanctions evasion” with global authorities unable to keep up, according to a new report from Kpler, a maritime analytics platform. “Zombie vessels represent the bleeding edge of maritime deception – combining digital obfuscation …
https://splash247.com/the-floating-dead-oversight-lags-behind-the-rise-of-zombie-vessels/
https://splash247.com/the-floating-dead-oversight-lags-behind-the-rise-of-zombie-vessels/Japanese insurer Tokio Marine 8766.T has set up a unit to insure activities linked to the low-carbon transition such as green hydrogen, shipping and cement and is targeting $1 billion in revenues by the end of the decade, its chair told Reuters.The new unit…
https://www.marinelink.com/news/insurer-tokio-marine-launches-green-unit-526192
https://www.marinelink.com/news/insurer-tokio-marine-launches-green-unit-526192As shipping activity in the Arctic and North Atlantic oceans increases with reductions in sea ice because of climate change, the National Research Council of Canada (NRC) is working to improve the safety of vessel operations and decrease the…
https://www.marinelink.com/news/machine-learning-tool-developed-arctic-526194
https://www.marinelink.com/news/machine-learning-tool-developed-arctic-526194The Global Ro-Ro Community including Eastern Car Liner, Kawasaki Kisen Kaisha, Mitsui O.S.K. Lines, Nippon Yusen Kabushiki Kaisha, Wallenius Wilhelmsen and ClassNK have developed guidelines for calculating GHG emission intensity for ro-ro ships…
https://www.marinelink.com/news/global-roro-community-develops-ghg-526196
https://www.marinelink.com/news/global-roro-community-develops-ghg-526196Australia is losing its competitive edge in attracting investment in natural gas exploration and production, threatening the nation’s energy security, economic growth and emissions reduction targets, a new report by Wood Mackenzie has found.The…
https://www.marinelink.com/news/report-gas-investments-australia-stalling-526197
https://www.marinelink.com/news/report-gas-investments-australia-stalling-526197NYK has unveiled Japan’s first fully battery-driven work vessel, e-Crea (pronounced “éclair” for its visual resemblance to the French pastry).Keihin Dock Co., an NYK Group company, built the vessel at its Koyasu Shipyard.Designed without an onboard diesel generator…
https://www.marinelink.com/news/nyk-unveils-japans-first-fully-526199
https://www.marinelink.com/news/nyk-unveils-japans-first-fully-526199Australia conditionally approved on Wednesday a request by Woodside Energy to extend until 2070 the life of its North West Shelf gas plant, following a six-year review dogged by delays, appeals and backlash from green groups.The facility on…
https://www.marinelink.com/news/woodside-run-north-west-shelf-lng-plant-526206
https://www.marinelink.com/news/woodside-run-north-west-shelf-lng-plant-526206Wärtsilä’s 4-stroke engine-based solution for ammonia fuel now delivers higher than ever levels of efficiency and performance.Following its introduction to the commercial marine sector in November 2023, the ammonia solution has undergone extensive testing to optimize its performance parameters.
https://www.marinelink.com/news/wrtsils-stroke-ammonia-engine-put-test-526177
https://www.marinelink.com/news/wrtsils-stroke-ammonia-engine-put-test-526177