Tag Archives: Shipping

LNG shipping rates climb to multi-month highs on demand for vessels Freight rates to ship liquefied natural gas (LNG) rose to multi-month highs this week as a surge in demand for the super-chlled fuel has increased the need for vessels …

Decarbonisation a defining financing factor Shipping companies that do not have a strategy to decarbonise are likely to be pushed out of the market as financing options become more expensive, according to Stephen Fewster, global head of shipping finance at …

In the middle of this summer’s shocking fires and floods came the grimmest climate science report yet from the UN’s Intergovernmental Panel on Climate Change, warning of a “code red for humanity” as our use of fossil fuels continues to …

Interview Hasan Faraz, Manager, Pakistan Area Customer Experience, Maersk PAGE: What does Customer Experience mean to Maersk? Hasan Faraz: Customer experience for us at Maersk essentially means the holistic perception of what our brand and business stand for. We are keeping …

*The shipping industry in Pakistan is lagging far behind its neighboring countries *Gwadar is soon going to become the hub of commercial activities in Pakistan Interview of Mr. Shaham Ahmad — Honorary Secretary, ICMA Pakistan PAGE: Tell me something about yourself …

PIAC Performance Indicators Units 2017 2018 2019 2020 PIAC Fleet No. of Planes 36 32 32 30 Route Km 360,937 332,303 389,725 778,609 Available Seat Million Km 19,108 18,081 18,372 8,902 Passenger Load Factor Percent 73.20 77.3 81.3 74.5 Revenue …

Scrubbers for the future Almost as long as scrubber technology has been commercially available for shipping, questions have been raised about the potential longevity of the technology. The potential for extending the scope of scrubber technology beyond reducing SOx emissions …

• On the current trajectory, sustainable fuels will only supply a small percentage of aviation and shipping needs. • Favourable government policies are needed to increase production and adoption of sustainable fuels in both sectors. • Stronger and more streamlined …

Shipping moving towards zero-emission period More needs to be done, in order for shipping to transition to the zero-carbon era. In a recent weekly report, shipbroker said that “energy is at the core of the global climate dialogue as the …

Newbuilding ordering activity in slowdown mode Newbuilding contracting has slowed down over the past couple of weeks, a development attributed by shipbroker to the usual summer lull. In its latest weekly report, shipbroker said that “the typical summer lull has …

ICS reaction to EU ETS shipping extension The International Chamber of Shipping (ICS) has released a statement following the European Commission’s proposed extension of the EU’s Emissions Trading System (ETS) to cover the international shipping sector. Other than as an …

Newbuilding contracting picks up pace Proman Shipping announced signing for a further two firm 50k MRs, with delivery of both vessels set for 4Q 2023, bringing the series to six overall”. The renewal process of the global fleet has picked …