Archive

Shell to Supply Biofuel for CMA CGM Vessels

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

December 16, 2019 French container shipping major CMA CGM has selected oil and gas company Royal Dutch Shell to supply tens of thousands of tons of marine biofuel to its fleet. As explained, this quantity of second-generation biofuel derived from used cooking oil will allow the CMA CGM’s ships to travel nearly 1 million kilometers, […]

Oldendorff Carriers Joins the Getting to Zero Coalition

Posted By Tony Sanchez / Cargo Sea Line, environment / 0 Comments

November 9, 2019 Germany-based dry bulk carrier owner and operator Oldendorff Carriers has become a member of the Getting to Zero Coalition. The German shipping company joins renowned industry names like Maersk, Shell, Ocean Network Express (ONE), Norden, Wärtsilä, and most recently Hyundai Merchant Marine (HMM). The coalition is an alliance of more than 100 likeminded companies and organisations within the […]

MSC to Use 30 Pct Biofuel Blends on Its Ships

Posted By Tony Sanchez / Cargo Sea Line, environment / 0 Comments

November 9, 2019 The world’s second-largest container shipping company MSC Mediterranean Shipping Company (MSC) has committed to the usage of 30% biofuel blends, the company announced on Saturday, December 7. The ships using biofuel will be calling in Rotterdam, the Netherlands. The decision follows trials of 10 % blend fuels and MSC expects an estimated […]

DSME Nets Order for USD 380 Mn Trio

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

November 9, 2019 South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) has won an order for the construction of three new ships, worth an estimated USD 380 million. The ships include one 174,000 cbm LNG carrier set for delivery in the first quarter of 2022 and two very large crude carriers of 318,000 […]

CMA CGM Concludes Biofuel Tests with IKEA, GoodShipping

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

November 28, 2019 French container shipping major CMA CGM, the GoodShipping Program and IKEA Transport & Logistics Services have successfully completed their 2019 biofuel test program on CMA CGM vessels. The completion follows positive trials of heavy fuel oil (HFO) equivalent (HFO) biofuel oil (BFO) during CMA CGM Alexander von Humboldt’s North Europe-Asia trip, which occurred in […]

Golar LNG Postpones Shipping Spin-Off to 2020

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

November 28, 2019 Bermuda-registered shipping company Golar LNG has delayed plans to separate its tri-fuel diesel-electric (TFDE) LNG carrier business.  Golar LNG originally intended to complete the spin-off of its TFDE fleet by the end of this year. “The proposed shipping spin-off in its planned form, has, disappointingly for the board, not yet been completed,” Iain Ross, CEO of Golar […]

Navios Partners to Expand Fleet with Five Containerships, Six Bulkers

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

November 26, 2019 Owner and operator of dry cargo vessels Navios Maritime Partners has signed agreements to acquire eleven vessels. On November 22, 2019, an agreement was reached to liquidate Navios Europe I. The agreement is subject to definitive documentation which is expected to be completed by the end of 2019. As of September 30, […]

Kerry Logistics acquires majority interest in Asav

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

November 18, 2019 Kerry Logistics has acquired a majority interest in Turkey’s Asav Lojistik Hizmetleri Anonim Sirketi, to strengthen its international freight forwarding network. The Turkish company, which was founded in 1994 offers air, ocean and road freight services with seven offices in Turkey and one in Amsterdam, the Netherlands. Five offices are in Istanbul, […]

Sovcomflot’s Profit Soars as Tanker Market Strengthens

Posted By Tony Sanchez / Cargo Sea Line / 0 Comments

November 18, 2019 Russian shipping major Sovcomflot (SCF Group) closed the third quarter of this year with a significant increase in net profit year over year, aided by a stronger tanker market. The company’s net profit rose to USD 25.9 million in Q3 2019 from USD 0.3 million seen in the corresponding period a year […]

HMM Becomes Member of Getting to Zero Coalition

Posted By Tony Sanchez / Cargo Sea Line, environment / 0 Comments

November 18, 2019 South Korean shipping company Hyundai Merchant Marine (HMM) has joined the Getting to Zero Coalition, a new alliance that aims to accelerate international shipping’s decarbonization. “Climate change is a defining issue of our time and the scale of the environmental regulation we are facing is unprecedented,” Jae-Hoon Bae, President & CEO of HMM, […]