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Looking at the futures market being traded in Shanghai, analysts at Asia-based container consultancy Linerlytica are predicting box freight rates from Asia to Europe will tumble by more than 70% by June next year. The Containerized Freight Index Futures (CoFIF) has been in existence for a year now, traded at the Shanghai International Energy Exchange, …
https://splash247.com/shanghai-futures-market-shows-liner-fortunes-plummeting/
https://splash247.com/shanghai-futures-market-shows-liner-fortunes-plummeting/“K” Line, MOL and NYK Line have commenced a joint study with a group of Japanese shipyards for the design and specification of LCO2 carriers and the development of a supporting construction supply chain.The companies believe that as the demand…
https://www.marinelink.com/news/japanese-consortium-readying-meet-lco-516380
https://www.marinelink.com/news/japanese-consortium-readying-meet-lco-516380Danelec has released a new simulation tool it says will bridge the gap between LNG carrier commercial and operations teams.LNG carrier operations are subject to several unique challenges, including balancing diverse factors to meet charter party requirements…
https://www.marinelink.com/news/danelec-launches-simulation-tool-lng-516383
https://www.marinelink.com/news/danelec-launches-simulation-tool-lng-516383When only six ships with a capacity of 4,746 TEU were contracted in the fourth quarter of 2023, many might have thought that the container ship contracting spree that began in 2021 had finally cooled. However, the appetite for new ships remains…
https://www.marinelink.com/news/appetite-new-container-ships-high-516384
https://www.marinelink.com/news/appetite-new-container-ships-high-516384Kongsberg Maritime’s rim-drive azimuth thruster has achieved Silent-E notation from DNV, the first of its kind to receive this certification.Installed on the new commissioning service operation vessel (CSOV) Norwind Hurricane and its sister vessels…
https://www.marinelink.com/news/first-rimdrive-thruster-achieves-silente-516385
https://www.marinelink.com/news/first-rimdrive-thruster-achieves-silente-516385An oil tanker managed by an Azerbaijan-based firm is travelling the Northern Sea Route to China for the first time, taking a route so far dominated by vessels managed by Russian shipping giant Sovcomflot, according to LSEG data and two traders.The…
https://www.marinelink.com/news/azerbaijanmanaged-vessel-first-head-china-516357
https://www.marinelink.com/news/azerbaijanmanaged-vessel-first-head-china-516357A 39-year-old migrant was found dead on Friday after the Greek coastguard opened fire on a vessel carrying migrants off the island of Symi in the eastern Aegean Sea, authorities said.In a statement, the coastguard said the man died "probably…
https://www.marinelink.com/news/greek-coastguard-opens-fire-migrant-boat-516358
https://www.marinelink.com/news/greek-coastguard-opens-fire-migrant-boat-516358Annapolis, Md. based boatbuilder Ocean Craft Marine (OCM) reports it has delivered a new firefighting/search and rescue (SAR) boat for first responders in Michigan.Built for water-related incident management and rescue operations on Lake Erie…
https://www.marinelink.com/news/new-firerescue-boat-delivered-monroe-516359
https://www.marinelink.com/news/new-firerescue-boat-delivered-monroe-516359An ancient Roman relic from the almost 2,300-year-old naval battle in which Rome defeated its archenemy Carthage has been recovered from waters off western Sicily, regional authorities said on Friday.The 3rd-century B.C.
https://www.marinelink.com/news/relic-thirdcentury-naval-battle-found-off-516363
https://www.marinelink.com/news/relic-thirdcentury-naval-battle-found-off-516363A U.S. nuclear-powered submarine will undergo maintenance in Australia for the first time on Friday, a key step by AUKUS partners to deter aggression in the Indo-Pacific, the defense ministers of Australia, Britain and the United States said.Australian…
https://www.marinelink.com/news/australia-conducts-first-maintenance-us-516364
https://www.marinelink.com/news/australia-conducts-first-maintenance-us-516364