Maritime

Maritime transportation, goods, services and regulation news

TOP Ships announces completion of sale of M/T Eco Palm Desert

AJOT | March 23, 2020 | Maritime | Bulk

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Marc van Heyningen appointed as new COO Damen Shipyards Group

AJOT | March 23, 2020 | Maritime | People | Appointments

As of April 1st, Marc van Heyningen will become the new Chief Operations Officer (COO) of Damen Shipyards Group. This completes the Executive Board of the leading Dutch maritime solutions provider.

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FSL Trust announces appointment of CFO designate

AJOT | March 23, 2020 | Maritime | People | Appointments

FSL Trust Management Pte. Ltd. (“FSLTM”, SGX:D8DU), as trustee-manager of First Ship Lease Trust (“FSL Trust” or “the Trust”), announces today the appointment of Mr. Markus Wenker as Chief Financial Officer Designate of FSLTM.

French America Line prohibited from offering, advertising, or conducting passenger cruises

AJOT | March 23, 2020 | Maritime

CMA CGM GRR from Asia to Somalia, Seychelles & Maldives

AJOT | March 23, 2020 | Maritime | Liner Shipping

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Seven Yield delivers Siem Confucius

AJOT | March 23, 2020 | Maritime | Breakbulk News

This also marks a significant milestone in Seven Yield’s commitment towards reducing carbon emission in a greenhouse gas intensive sector.

FMC announces temporary adjustments in operations

AJOT | March 23, 2020 | Maritime

Global container giant says crisis hasn’t upended trade routes

Bloomberg | March 23, 2020 | Maritime | Liner Shipping

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Seven Yield delivers Siem Confucius, the first deep-sea LNG-powered car carrier to Siem Car Carriers

AJOT | March 20, 2020 | Maritime | Technology

Highlights  First of two vessels, it is the largest LNG-powered car carrier  Each measuring 200m long by 38m wide, its 13 decks have a capacity of 7,500 ceu  The ships will operate exclusively for the Volkswagen Group  As a result, Volkswagen will be the first automaker to use LNG-powered ships in long-distance overseas distribution of cars and light vehicles  A comprehensive LNG bunkering fuel supply agreement has been signed with Shell to guarantee that all voyages will utilize exclusively LNG fuel  Compared to conventional fuel, LNG propulsion reduces carbon dioxide emissions by up to 25%, nitrogen oxide emissions by up to 30%, particulate matter by up to 60% and sulphur oxide emissions by up to 100%  The ships are financed under a JOLCO structured arranged by Crédit Agricole CIB, and documented in accordance with LMA Green Loan Principles (GLP) and Second-Opinion provided by DNV-GL

CMA CGM GRR - from Asia to Somalia, Seychelles & Maldives

AJOT | March 20, 2020 | Maritime | Liner Shipping

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World Container Index - March 19

AJOT | March 19, 2020 | Maritime | Liner Shipping

The World Container Index assessed by Drewry, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia increased by 6.8% to $1,584.77 per 40ft container this week (updated Thursday, 19 March 2020).