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The two-month long pilot project reached a carbon capture efficiency of 78% on a 3,200 teu boxship

DFDS’ outlook for 2024 impacted by an elevated level of financial uncertainty because of high inflation and interest rates, and geopolitical tensions

Insurance costs for Red Sea transit have risen by up to 50 percent since the Houthi terrorists began attacking commercial vessels.

American Club culls 15 tankers accused of shipping Iranian oil from insured fleet | Ofac sanctions four companies and Sovcomflot tanker for Russia oil price cap violations | Box shipping settles into the new ‘new normal’

Despite the easing of cross-border restrictions, volumes remained stagnant in 2023 as shippers switched to direct shipments into China, hitting Hong Kong’s traditional transhipment business. Competing mainland ports also received government incentives, which enabled them to offer container lines cheaper rates

MOL is working with a compatriot energy company to develop a carbon capture and storage value chain to Australia. Estimates anticipate the import of up to 5m tonnes per annum to the Moomba CCS project by 2030

Weekly containership transits through the east-west artery have steadied over the past month, but ultra-large tonnage is now almost entirely rerouted

Carrier expects full-year loss for 2024 in ‘difficult’ market. Svitzer towage unit to be demerged in to standalone business

Idan Ofer has liquidated his position in New York-listed tanker owner International Seaways held through Quantum Pacific Shipping and EPS Ventures. He first disclosed a 5.05% stake in October 2022

While volumes remained flat, net freight rates hit a record high of $83.4 per cu m because of a continued shortage of vehicle carrier capacity