Latest News for: Shipping investment


Shipping must accelerate its decarbonisation efforts – and now it has the opportunity to do so

The Conversation 06 Dec 2022
Shipping emitted the same amount of carbon as Germany in 2018 ... Meanwhile, many shipowners have invested in liquified natural gas-powered ships as natural gas emits slightly less CO₂ than traditional shipping fuels ... But political and technical agreement over these measures must be finalised to inform shipping companies’ investment decisions.

ESPO: EU ETS will succeed only if maritime measures are strictly applied

SAFETY4SEA 06 Dec 2022
... investments in maritime and ports.” ... The deal reached on the maritime pillar of the ETS addresses both the concerns we have in terms of carbon and business leakage, and should ensure some funding for the heavy investments to be made to deliver the greening of shipping.

North Star secures $171m financing as it plans to build 40 offshore vessels

Tradewinds 06 Dec 2022
... wind fleet that includes long-term plans to build 40 new ships by 2040.

Channel 10 turns to Narelda Jacobs to host newest midday bulletin as the network's finances ...

The Daily Mail 06 Dec 2022
Midday ... Share ... Insiders claim the network is 'lacking direction and morale' while dejected staff at the embattled network complain it feels like 'a sinking ship' as more high-profile talent continue to flee. The network's investment in reality television has also been an utter disaster this year, with both new and old shows tanking in the ratings ... .

$75bn of new investment required to fund UK shipping’s energy transition

Seatrade Maritime News 05 Dec 2022
Attracting new sources of capital will be essential to raise the estimated $75bn of investment needed for the UK’s drive to decarbonise its domestic shipping sector and achieve net-zero over the next three decades ... The report, UK Domestic Shipping ... The report is said to be the most comprehensive study of the UK’s domestic shipping sector so far.

Charleston Claims Title of Deepest Harbor as East Coast Ports Expand

The Maritime Executive 05 Dec 2022
During a dedication ceremony today at the port, government leaders and port officials said the completion of the multi-year effort makes SC Ports more competitive, and they expect it will help to attract new ship services, first-in-calls, and more cargo to South Carolina.

GMF: Policy measures are needed to phase out GHG emissions

SAFETY4SEA 05 Dec 2022
Following these recommendations and steps to take for the IMO, we are more likely to create strong demand for SZEFs, zero emission technologies and vessels, which will maximize the required investments in shipping decarbonization including the critically important land-side investment in new scalable zero emission energy supply chains.


Victoria Advocate 05 Dec 2022
CLICK HERE for photos and video of the ship's arrival in New York City ... With a long-term objective to achieve net carbon neutral operations by 2050, each new ship represents another step toward this goal, alongside other investments to help accelerate the development of next-generation environmental technology.

No supply chain woes for these Chinese automakers: BYD, SAIC order freight ships to deliver cars

The Times of India 05 Dec 2022
has ordered at least six freight ships in October 2022 alone, each having the capacity to transport 7,700 cars or 5 billion yuan (USD 710 million) worth of product ... Experts believe it is a bold move, considering the demand is high in the current period and that the ships will not be online for several years.

NYK concludes agreements with Pertamina shipping subsidiary

LNG Industry 05 Dec 2022
NYK has concluded an investment agreement and strategic alliance agreement with PT Pertamina International Shipping, a shipping subsidiary of PT Pertamina ... .

EFG Hermes closes another successful M&A deal in Egypt

Gulf News 05 Dec 2022
... 2022, including UAE-based AD PortsUSD 140 million acquisition of Egypt’s Transmar International Shipping Company (Transmar) and Transcargo International (TCI), and our advisory to the Public Investment Fund of Saudi Arabia (PIF) on the acquisition of a minority stake in B.Tech.

Valencia to double box throughput with massive MSC investment

Splash24/7 05 Dec 2022
The Spanish port of Valencia will get a fourth container terminal with Terminal Investment Limited (TIL), a subsidiary ...

Operation Christmas Child collects 1,200 shoeboxes in Salamanca

The Salamanca Press 05 Dec 2022
SALAMANCA — National collection week for Operation Christmas Child concluded Nov ... The response was overwhelmingly positive with additional 388 shoeboxes donated ... “Generous contributions from people invested in reaching the children of the world with the gospel message made it possible to cover shipping costs this year,” she said ... Bring your own lunch.

Provisional ETS Agreement Welcomed by European Shipowners

The Maritime Executive 04 Dec 2022
The provisional agreement on shipping is subject to an overall agreement on the ETS revision in late December ... Jim Corbett, the World Shipping Council’s environmental director for Europe highlighted the need for investment to facilitate the sector’s transition to zero-carbon fuels.

Europe’s first cutting-edge submarine drone could ‘dominate the underwater battlespace’

Interesting Engineering 04 Dec 2022
"Project Cetus, alongside bringing forward the MROS ships, will help ensure we have the right equipment to protect the security of the U.K ... is testament to the U.K.'s leading reputation in building surface and sub-surface ships," said Wallace ... has invested in the XV Patrick Blackett, a ship specifically designed for such trials.

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