UK-based chemical tanker owner and operator, Union Maritime, is set to equip its fleet with industry-leading wind propulsion technology. The company is collaborating with BAR Technologies, the provider of WindWings. The innovative rigid sail technology promises an average daily saving of 1.5 tonnes of fuel per wing and significant CO2 reductions on typical global routes. […]
By Elke Ahlswede BERLIN, June 5 (Reuters) – Hapag-Lloyd Chief Executive Rolf Habben Jansen said on Wednesday that demand for container shipments across the world’s oceans has risen significantly in recent weeks but the upswing may be short-lived. The CEO told customers at an online presentation that the increase since the start of May was due to a […]
By Christian Wienberg (Bloomberg) — A.P. Moller-Maersk A/S, a bellwether for global trade, said the world’s supply lines are more impacted than previously expected by the ripple effects coming from the congestion in the Red Sea. The Copenhagen-based container carrier raised its profit outlook late Monday as the disruptions effectively remove capacity from the global fleet and […]
Bunker fuel sales in Singapore have reached record highs as ships take longer routes around the southern tip of Africa to avoid the Red Sea, the U.S. Energy Information Administration said on Wednesday. The reroutings come in direct response to attacks from Yemen-based Houthi militia that began in November 2023. The new routes, which often […]