Germany’s Port of Hamburg said it is not expecting a reduction in container throughput caused by liner service changes announced by Ocean Alliance and Maersk. Starting from April 2020, the Ocean Alliance’s NEU 5 service handled by Eurogate Container Terminal Hamburg (CTH) is being transferred to Antwerp. This service will be run by the Ocean Alliance partner…
The Clean Arctic Alliance, a coalition of non-governmental organisations working for a ban on heavy fuel oil from Arctic shipping, is calling for action on discovering how did new blended low sulphur shipping fuels that have high black carbon emissions end up on the market. The discovery was revealed in a submission made by Germany and Finland…
Dutch shipowners will now be able to benefit from a newly-inaugurated EUR 250 million (USD 275.5 million) fund, the NesecShipping Debt Fund. The fund provides mortgage-backed loans for short-sea vessels, and it is partly backed by the Dutch state. It has attracted interest from institutional investors such as the Nederlandse Waterschapsbank, the Province of Groningen…
Hamburg-based multipurpose shipping company United Heavy Lift GmbH (UHL) has taken over a heavy lift fleet of nine Zeamarine eco-friendly F900 newbuilds and purchased an additional two 12,000 dwt vessels. The F900 ships in question are UHL Falcon, UHL Flash, UHL Fortune, UHL Future, UHL Fame, UHL Fast, UHL Focus, UHL Frontier and UHL Fusion,…
Swedish engineering solutions provider Alfa Laval has become the newest member of the Getting to Zero Coalition, a coordinated effort to fight climate change by introducing zero-emission vessels by the year 2030. Alfa Laval said it is committed to reaching this vital goal, which is key to decarbonizing the global shipping industry and reaching the International…
Denmark has presented a new initiative aimed at increasing the share of women in Danish shipping companies. Today, the first fourteen shipping companies will sign a charter that obliges them to actively focus on gender equality, Danish Shipping, a trade and employer organization for more than 90 shipowners and offshore companies, said. As informed, the…
Germany’s shipowner and ship manager Schulte Group and compatriot insurance group DEVK have established Navigo Shipholding AG, a maritime asset investment platform for institutional investors. As explained, the long-term objective of Navigo is to build up a mixed portfolio of vessels, predominantly under long-term charter agreements, providing good visibility of future earnings and thereby ensuring…
The European Commission has approved the acquisition of joint control over four project companies with concessions to build or operate port terminals in West Africa by Denmark’s A.P. Møller Capital (APMC). These include GSEZ Cargo Ports, a company operating a cargo terminal and logistics business in Gabon; GSEZ Mineral Port, which operates a mineral terminal…
Current competition rules in Europe prevent the creation of giant EU companies that would be able to compete with US and Chinese rivals, Søren Skou, CEO of Danish shipping major Maersk, warned. In an interview with Danish business magazine Finans, Skou explained that EU competition rules need to be interpreted in light of the new economic and geopolitical…
India is moving away from having a passive foreign policy to the one vigorously advancing its interests, a top American diplomat said Friday, attributing the trend to New Delhi’s “broadening strategic horizons” over the past two decades. It’s clear that India’s broadening strategic horizons over the past two decades have resulted in a shift away…