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DECEMBER 4, 2023

The CMA CGM Foundation & CRY join forces to develop 3 educational centers in India Leading airports & airlines to grace South East Air Cargo Conclave & ACE Awards 2023 on Dec. 7 in Chennai CEOs of leading global shipping lines issue joint declaration calling for focused action on decarbonisation of maritime transport Adani Ports Fire team safeguards 11 lives amidst blaze crisis Schedule reliability unchanged M/M in October Export of food commodities through National Cooperative Exports Ltd Key stakeholders discuss transition to green inland vessels Revision in tariff structure at Gujarat Pipavav Port Railways loads and earns more in Nov. & April-Nov. US alerts ships of evolving threats in the Red Sea PM says GDP growth numbers for Q2 display the resilience and strength of the Indian economy Key export destinations show rise in growth Critical analysis of NWRC 2007 Baltic Exchange Market Report (1 December 2023)

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DECEMBER 4, 2023

A vibrant industry in Miami, Singapore, Brussels! Faster and safer trains New woman at Montreal's helm Bulgarian ports gain an ally Redelivery of 150th B747 freighter Canada up next for K+N US class I railway to open intermodal terminal First chief people and culture officer Cut carbon emissions with 'Sea Alternative' Teaming up to enhance airfreight booking Fully electric trucking in Germany Modal shift to rail stalling UK association completes regional team Reshaping the Mexican air cargo sector Gas specialist powers Purus' new fleet "Curiosity of the Day" A takeover in South Africa First FE Electric for Isle of White LPR appoints country manager for France

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DECEMBER 1, 2023

Failure of GRIs means a tough time for carriers in new-contract talks COP28: 'Close the gap' between fossil and new fuels, demand shipping lines To use greener fuel, carriers must plan much further ahead to ensure supplies DB Schenker - top board member exit rumoured Interest in sea-air services on the rise, with new tech on the way to help Flexport: the gift that keeps on giving Transnet set to unveil 'roadmap' to end shipping delays now at crisis point China-Russia rail freight traffic on the increase, but earnings fall COP28: Brazil's President Lula: 'The planet is tired of false climate promises' China vs US - globalisation vs protectionism Angad Banga appointed new chair of Hong Kong Shipowners' Association

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DECEMBER 1, 2023

Russia fails to win reelection to IMO Council The IMO Assembly has elected the members of the IMO Council for the 2024-2025 biennium -and, for the first time since 1960, Russia is not one of them. The move was applauded Maersk Tankers and Mitsui order mega ammonia carriers With Japanese trading house Mitsui & Co. as its co-investor in the first four ships, Maersk Tankers has ordered up to ten 93,000 cubic meter capacity very large ammonia carriers (VLACs) at Port of Auckland fined in dock worker death case Port of Auckland Limited (POAL) was today fined NZD 500,000 (about US $310,000) after pleading guilty to two charges under New Zealand's Health and Safety at Work Act 2015. The charges were Maintenance error caused $1.2 million Endo Breeze engine room fire An engine room fire aboard the 600-foot long tanker Endo Breeze that resulted in $1.2 million damages was the result of a maintenance error, the National Transportation Safety Board said Thursday. The VIDEO: BMT unveils new EF-500 all-electric ferry Unveiled at the International Workboat Show this week, the latest addition to ship designer BMT's portfolio is a new all-electric ferry, the EF-500. With a length of 42 meters, a molded beam McAllister Towing completes inaugural sustainability report Working together with ABS, McAllister Towing, has released its inaugural sustainability report, showcasing its efforts to reduce its environmental impact and highlight its social and governance performance. ABS specialists worked with McAllister's

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DECEMBER 1, 2023

Shipping CEOs join forces to accelerate shipping industry decarbonization The Chief Executive Officers (CEOs) of major global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO) to create the regulatory conditions to accelerate the transition to green fuels. The only realistic way, according to CEOs, to meet IMO's 2030, 2040, and net-zero 2050 greenho Atlas Air receives third MSC Boeing 777 Freighter Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc., has taken delivery of a Boeing 777 Freighter, which it will operate on behalf of its customer MSC, as part of a previously announced long-term ACMI (aircraft, crew, maintenance, insurance) agreement. This is the third of four Boeing 777 Freighters that Atlas Air will operate for the Swiss/Italian company, which will complement t Xeneta expects "even more brutal" 2024 for ocean carriers Norway-based ocean and air freight rate platform suggests that next year could be "even more brutal than expected" for ocean carriers in the freight market. The Xeneta Shipping Index (XSI®) tracks real-time developments in global long-term contracted rates and figures released on 30 November show it fell by a further 4.7% in October. The XSI® now stands at 158.5 points, which is 62.3% lower than Korea Coast Guard probes "ghost ship" sinking Mystery surrounds a Chinese cargo ship which sank off the southwestern coast of South Korea. The ship, found 10 metres west of Gageodo island in the Yellow Sea, was found to be unmanned, fueling suspicions that the vessel may have been used for smuggling. Although the ship had its purported name, "Xiang Shun 899" painted on its hull, searches of international ship databases did not turn up any ve MSC and Ellerman sign slot agreement for Atlantic routes Ellerman City Liners and MSC have signed an agreement, according to which, Ellerman will utilise a combination of MSC capacity and its own independent vessel between ports in ScanBaltic, Northern Europe and the Atlantic Coast of the United States. The agreement includes a set weekly volume, with an option for Ellerman to increase as required. The deal covers both dry and reefer containers and wil Chinese ports increase volumes in first ten months, close to 260 million TEUs Chinese ports experienced a year-over-year 4.9% uptick in container volume for January-October period, with the box throughput reaching a total of 257 million TEUs. At the same time, over the ten-month period, cargo volume at Chinese ports surpassed 14 billion tons, marking an 8.5% year-on-year increase. The following chart illustrates the cargo and container throughput data for the twelve primar Hong Kong seizes five containers of duty-unpaid cigarettes Hong Kong customs seized 28 million sticks of contraband cigarettes with a market value of US$12.8 million in four raids from 15 to 27 November. The cigarettes were seized from five 40-foot containers that had been shipped into Hong Kong from mainland China, Taiwan and Thailand. In the first raid, on 15 November, following a tip-off and risk analysis, customs inspectors examined a container that Hapag-Lloyd opens new offices in Bulgaria German container shipping company Hapag-Lloyd opened two new offices in Bulgaria aiming to better serve its customers in the Black Sea region and the Balkan area. The new offices are located in the port city of Varna and the Bulgarian capital Sofia. Hapag-Lloyd considers Bulgaria an attractive growth market and believes it has a strategic position in Southeast Europe. Hapag-Lloyd operates with th Maersk, CMA CGM remove Durban from Middle East-West Africa joint service CMA CGM and Maersk have decided to remove Durban from the port rotation of their joint Middle East-West Africa Midas1/Mesawa service. The decision was taken due to heavy congestion in South Africa and will be effective until, at least, the end of January. Additionally, Port Elizabeth and Port Reunion will be called alternatingly by the companies' joint Midas2/Protea service. The temporary setup o APM Terminals reports quarterly record volumes in Sweden APM Terminals in Gothenburg, Sweden has reported its highest quarterly volume of containers ever, handling more than 215,000 TEUs. According to APM Terminals, decreasing imports, as a consequence of inflation, a weak krona and more restrained household consumption are the most important factors impacting the trade in Sweden. At the same time, exports are booming, especially of timber products and CMA CGM and Cosco jointly launch Far East - Indian West Coast service French ocean carrier CMA CGM and Chinese shipping giant Cosco Shipping Lines have joined forces for a new container connection between the Far East and the Indian West Coast. The two companies, which are currently fighting for the third place in world container rankings, will deploy five ships of around 5,000 TEUs. CMA CGM will use four ships and COSCO will use one vessel. The new link will come New zero-emissions yard tractor fleet to operate at Port of Long Beach A fleet of 33 new human-operated, zero-emissions battery-electric yard tractors was officially presented on 29 November at a Port of Long Beach container terminal, where the cargo-handling machines have replaced traditional gasoline and diesel-powered models. The terminal operator SSA Terminals LLC, a joint venture between SSA Marine and Matson Navigation Company, led the deployment, which was th Shippers seek emissions control ways ahead of EU ETS introduction One month ahead of the introduction of the EU Emissions Trading System (EU ETS) shippers are finding ways to monitor their Scope 3 emissions and calculate which carrier will offer the best emissions and the least carbon costs. Shippers are the major clients of VesselBot (VB), a tech company that has been around since 2015 and was initially offering digital solutions to the maritime chartering sec

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DECEMBER 1, 2023

Private equity firm TJC acquires Global Transport Solutions Middle-market private equity firm TJC, formerly known as The Jordan Company, has agreed to acquire Global Transport Solutions (GTS), alogistics service provider specializing in supply chain and forwarding solutions for the maritime industry. Operating under the brands Marinetrans and Best Global Logistics, GTS has a presence across all continents and is led by co-CEOs John ... Ports of Auckland fined over worker death The Ports of Auckland have been given a fine after admitting it was responsible for the death of a worker who was killed by a falling container. Pala'amo Kalati, a former stevedore at the Ports of Auckland, died back in August 2020 on a ship at the Fergusson Container Terminal. The port was then charged ... Maersk Tankers orders up to 10 ammonia carriers in South Korea Denmark's Maersk Tankers has answered the call for a clean ammonia shipping solution with a newbuilding deal for up to 10 vessels in South Korea. The subsidiary of AP Moller Holding has penned a contract with Hyundai Samho Heavy Industries for the construction of four firm 93,000 cu m units for delivery from 2026 onwards, ... The world seaborne trades as you've never seen them before Julian Hoffmann Anton, a London-based freelance data visualisation designer, brings Splash readers a creative twist on the world seaborne trades today. Using data from 2015 through to 2020, Hoffmann Anton, a specialist in 3D data visuals and animations, has used Blender, an open-source 3D software, to highlight the complex web of maritime traffic connecting the ... New research reveals financiers' beliefs on shipping's green transition A new research paper published in Journal of Environmental Innovation and Societal Transitions by researchers from the UCL Energy Institute explores the role ship financiers can play in shipping's transition to zero emission fuels. Using a novel theoretical framework which categorises financiers into five enabling or disabling categories, it finds that most expressed an ambition ... Yinson Production invests in Norwegian carbon capture project Yinson Production (YP) has invested in Norway-based developer of direct air capture projects, Carbon Removal, as part of its plan to decarbonise its offshore operations and create new low-carbon markets and opportunities. Carbon Removal is currently developing a plant located in Øygarden, Norway, which aims to capture and remove around 500,000 tonnes of carbon dioxide ... IMO 'will thrive in delivering its full agenda', says next secretary-general Arsenio Dominguez Velasco has been confirmed as the next secretary-general of the International Maritime Organization (IMO) with attendees at this week's IMO Assembly endorsing the Panamanian who will take on the role in exactly one month's time. Dominguez Velasco will take over from Kitack Lim for an initial four-year term and becomes the United Nations ... Prysmian firms up $927m cabling deal in UK Italy's Prysmian has officially been awarded a contract worth around €850m ($927m) by Eastern Green Link 1, a joint venture between the UK transmission grid owners SP Transmission and National Grid Electricity Transmission, to provide the cable systems for a major UK network development project between Scotland and England. The award follows the selection of ... Maersk settles Ever Given case Nearly three years on from this decade's most famous ship accident and lawyers remain busy. AP Moller-Maersk has just settled a lawsuit against the companies involved in the Ever Given containership six-day blockage of the Suez Canal in early 2021. "We can confirm that we have withdrawn the case in Denmark," the carrier told Bloomberg ... George Economou makes next move as he builds up Seanergy stake Greek shipping magnate George Economou has made a move on another fellow publicly listed shipowner, picking up a slice of capesize owner Seanergy Maritime. A filing to the US Securities and Exchange Commission revealed that Economou's investment vehicle, Sphinx, a subsidiary of Maryport Navigation, has accumulated 1.12m shares in Nasdaq-listed Seanergy, corresponding to a 5.7% ... Angad Banga becomes chair of the Asian Shipowners' Association Angad Banga, chief operating officer at the Caravel Group, has added the chairmanship of the Asian Shipowners' Association (ASA) to go alongside his election last week as chair of the Hong Kong Shipowners Association (HKSOA). "I am honored to have the opportunity to lead ASA during this transformative period in the maritime sector. The challenges ...

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DECEMBER 1, 2023

US slaps sanctions on three more ships over oil price cap Ofac is continuing its crackdown on Western-linked ships in breach of the price cap, following on from two previous announcements... Shipping chief executives call for faster pace in decarbonisation drive Joint statement ahead of COP28 from the bosses of box lines Maersk, CMA CGM, Hapag-Lloyd, Mediterranean Shipping Co and car... Panama Canal delays send MR freight rates to record levels on US Gulf routes Restrictions, congestion and delays in the Panama Canal are catapulting freight rates for medium range tankers loading in the US... How to keep the Panama and Suez canals open Of course there are viable alternative routes. But simultaneous widespread disruption would be a strain on much of the shipping... Pakistan confirmed as 23rd nation to ratify Hong Kong Convention The Hong Kong Convention will enter into force on June 26, 2025, following the confirmation by Bangladesh and Liberia earlier this... Maersk Tankers confirms ammonia carrier newbuilding quartet in joint venture with Mitsui & Co New very large ammonia carrier order marks a return by the AP Moller Holding-owned company to gas carrier ownership after... AET secures $100m sustainability-linked loan The loan will be used to reduce the greenhouse gas emission intensity of AET's fleet by 40% in 2030 from... Greek shipowners in exodus from Russian oil trades in November Crackdown on tankers breaching G7 sanctions over October and November by the US Office of Foreign Assets Control said to... Russia ousted from IMO Council Member states of the International Maritime Organization have ousted Russia from the IMO Council. At the same time, Liberia was... Concerns raised over plastic pellet pollution Lentil-sized plastic pellets are the building block of plastics production. But the millions of tonnes shipped annually are often poorly... Top 10 shipmanagers 2023 The majority of the elite group of shipmanagers have continued to advance fleet profiles over the past 12 months, as... Fujian Guohang Ocean Shipping orders up to 12 bulkers from two shipyards The company firms up two optional 73,800 dwt bulkers at Jiangsu Haitong Offshore Engineering Equipment Co US destroyer shoots down Iranian-made drone in Red Sea A US Navy guided missile destroyer shot down an Iranian-made drone launched from Yemen on Wednesday, as it was escorting... Daily Briefing Climate risk is changing shipping bankers' behaviour but spooking investors | Frontline takes hit as Russian crude tops price cap...

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DECEMBER 1, 2023

THE Alliance diverts ships through Suez ahead of Panama Canal transit cuts Liner operators in THE Alliance will switch transits on three services as low water levels on the Panama Canal reduce the number of ships that can use the main artery for container trade between the US East Coast and Asia. US truckload rates unlikely to see major holiday bump amid tepid peak season As US port volumes remain lackluster, there is not as much freight to move on trucks, causing the market to stay relatively stagnant ahead of what typically is the busy holiday season. Carrier CEOs issue COP28-linked statement urging action on energy transition The rare joint statement reiterates earlier comments by container lines that a greenhouse gas pricing mechanism is needed to make green fuel competitive with traditional bunkers during the phase when both fuels will be in use. MPV/HL carriers weigh costly, time-consuming alternatives to Panama Canal Low water restrictions and "exorbitant" costs for rare transit slots through the drought-hit waterway mean tramp breakbulk and heavy-lift carriers must use longer ocean routes, thus increasing voyage costs. Swire Projects launches project cargo liner service to avoid Panama Canal delays The service was previously operated on an ad hoc basis but is being upgraded due to growing demand for breakbulk and project cargo into the US West Coast to avoid restrictions and delays through the drought-hit waterway.

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DECEMBER 1, 2023

Maersk-backed C2X signs 300,000 tonnes green methanol plan Proposal will see $1m investment by C2X and Cepsa to realise Port of Huelva plant A bigger bang? How FFA trading during 2023's capesize comeback compares with historic highs Derivatives broker Freight Investor Services has run the numbers US and Denmark to develop green corridors for the Global South New initiative is intended to support a just transition Shipping CEOs demand date for ban of fossil-fuel only newbuildings Five major companies did not name a date but say industry decarbonisation can only work at scale and with speed Maersk-backed C2X signs 300,000 tonnes green methanol deal Proposal will see $1m investment by C2X and Cepsa to realise Port of Huelva plant Shipping CEOs demand date for ban of fossil-only newbuildings Five major companies did not name a date but say industry decarbonisation can only work at scale and with speed Maersk backed C2X inks 300,000 tonnes green methanol deal Proposal will see $1m investment by C2X and Cepsa to realise Port of Huelva plant Global crew training for low-carbon shipping to be revealed at COP28 Maritime Just Transition Partners pen 2025 Asia launch date to prepare crews for future technology and fuels Don't panic: Frontline believes 'ocean pipelines' are stretching to fill Opec crude hole CEO Lars Barstad says US, Brazil and Guyana will contribute to long-haul business RINA develops LNG-fuelled newcastlemax with hydrogen production plant on board Class society's project part of new LNG bunkering plan for Port Hedland in Australia Special report: Making the leap to greener fuels TradeWinds reporters Paul Peachey, Lucy Hine, Holly Birkett, Adam Corbett, Craig Eason, Matt Coyne and Eric Priante Martin bring you a series of articles on the future of fuels in shipping, exploring how tech readiness, fuel availability and cost parity are driving strategic decisions Future fuels: Green methanol: Scaling up to the next big challenge Whoever you talk to about green methanol, it is clear the biggest challenge is supply Nordic American Tankers 'is going up' Hansson promises after expense concerns Longtime tanker owner dismisses criticism upside is limited by higher general and administrative expenses Russia ousted from IMO council over Ukraine backlash Liberia takes over the seat on regulator's executive body Penfield adds Performance and Great Eastern pool tankers amid takeover talk US operator follows up Eastern Pacific and Chartworld deals with further expansion Maersk Tankers confirms order for 10 giant ammonia carriers Danish pool operator says newbuildings could go out on time charter after delivery from late 2026 Greece's Marchand Navigation scores legal win in hire dispute with Singaporean charterer Court upholds clause 18 in the New York Produce Exchange 1946 Time Charter form EU's Club Med countries push for early emissions trading review to protect ports Seven EU members urge executive to make sure scheme will not hurt their terminals Performance says Economou has 'wide latitude' to walk away from 'illusory' offer Tanker owner believes recent aframax sale could give grounds for tycoon not to 'consummate' bid for its shares Reconstituted Solstad Offshore gets new name and services division Solstad Maritime is the new outfit backed by Norwegian tycoon Kjell Inge Rokke Tanker crew readiness crucial for SIRE 2.0 vetting regime Columbia Shipmanagement prepares its tanker fleet crews for the new regime with a unique reporting tool Green Power: Drawing a blueprint for sustainable shipping Shipping's green transition is moving forward, but there is much more work to be done COP28: Shipping to state its case in battle for new fuel stocks International Chamber of Shipping says governments must recognise the importance of the industry for moving new fuels in global decarbonisation drive Graham Hoar brought in to lead new future fuels team at US broker Poten & Partners New York shop aims to expand its hydrogen, ammonia and methanol business with new hires Too many owners uninterested in 'fighting' for higher tanker rates, Frontline CEO Barstad says 'Real' owners frustrated by levels accepted by those with a foot in both vessel and chartering camps Maersk settles $44m Ever Given lawsuit against Evergreen, BSM and Shoei Kisen Danish giant confirms it has withdrawn its compensation claim over 2021 Suez Canal blockage Tanker fortunes set for short-term dip after Opec+ cut Continued production cuts led by Saudi Arabia will be weighed against a switch to long-haul destinations from the US Energos dubs scarce FSRUs as the 'rabbit in the magician's hat' Shipowners in Athens talk regas vessels, steamships and next-generation LNG carriers Arne Fredly back at Hunter Group as Bertel Steen family also buys in Heavyweight backers take stakes of up to 12% each in share placement LNG carrier owners struggle with CII clauses in charter parties Talks are also underway with charterers on the EU ETS Engine fire on Endo Tankers MR2 product carrier caused by maintenance error, NTSB report claims April 2022 engine fire on Endo Breeze caused $1.2m in damage Future fuels: For a smooth transition in a new era of marine fuels, we need to talk about lubricants Engines powered by some alternative fuels are more straightforward to lubricate than others Hunter Group returns to tanker market with three-year VLCC charter Norwegian group says rationale behind the deal is to capitalise on the dislocation between time-charter rates Green Power: The people driving shipping's sustainability transition TW+ magazine shines a spotlight on the leaders, innovators and advocates shaping a greener future for the maritime sector Test your shipping news knowledge with the TW+ quiz It's that time again Green Power: Michael Webber says 'ESG has taken on a life of its own, in productive and counter-productive ways' The game-changing analyst has the best-known ESG scorecard in the business. But 'G', it's complicated Green Power: Faig Abbasov sees LNG as no better than the fuel it replaces For the shipping programme director of NGO Transport & Environment, energy security and decarbonisation are essentially the same thing, with renewables leading the way Green Power: Tristan Smith says 2023 was a game changer for the IMO. Now comes the tricky bit London consultancy UMAS says the IMO has emerged as a credible leader for shipping's decarbonisation drive Green Power: Bo Cerup-Simonsen peeps into the future Maersk Mc-Kinney Moller Center for Decarbonisation CEO is enthusiastic about tackling an 'amazing challenge' Green Power: Ursula von der Leyen drove shippign toward EU emissions trading European Commission president has been instrumental in the EU's push for greener shipping Green Power: For Lynn Loo, decarbonising shipping is just her day job What makes the multi-faceted Global Centre for Maritime Decarbonisation chief executive tick? Green Power: Gavin Allwright is the evangelist of wind propulsion Slowly the numbers are moving in International Windship Association's favour Green Power: How Sveinung Oftedal made IMO's net-zero commitment possible Working group chair played a critical role in bridging political divisions to secure a consensus Green Power: John Maggs is a voice for ambitious action at IMO Clean Shipping Coalition president has rarely missed an environment committee meeting in 30 years Green Power: Johannah Christensen shows that a few caring people can change the world Global Maritime Forum chief executive says commercial imperatives keep shipping on the 'path that we're currently on' Green Advocates: Voices for transition grow, but more are needed Progress has been made in expanding civil society perspectives in shipping's decarbonisation debate, but the developing world is still under-represented Green Power: Ron Gerlach leads the chemists and physicists changing shipping Technical director of Stena Teknik says new skills are needed to decarbonise the industry Green Power: Christian Bonfils says 'contracts fundamentally need to change' Copenhagen Commercial Platform chief executive combines an entrepreneurial mindset, a deep regard for ESG and a network of high-profile backers Green Power: Christiaan Nijst and Maarten Lodewijks are carbon capture's dynamic duo 'Clever clogs' and 'numbers guy' look to combine technical know-how and economics to solve shipping's carbon problem Green Power: Guillaume Le Grand gets wind in his sails with first newbuilding French company sees 'commercial traction' for a minimum of 10 new sail-powered vessels Green Power: Ingrid Irigoyen brings cargo owners and operators together for zero-emission shipping Freight buyers' alliance Zemba is sending demand signals to lines, and they are responding in droves Green Power: Teqplay's Leon Gommans on reining in wasted time, and money, in port Chief executive of technology company aims to expose waste in ships' in-port operations Green Power: Soren Meyer still has big plans for optimisation platform ZeroNorth Danish executive is proud of the impact his company has made on shipping emissions, but more work remains to be done Green Power: Masahiro Ito wants to turn the ocean into a power grid After carving a career in fashion, the young Japanese executive found shipping a perfect fit. Now he is using green technology to charge the maritime transition Green Power: Danielle Southcott on 'promoting a shift in a business model and energy approach' Sailor and wind propulsion entrepreneur wants to change the entire business model of shipping Green Power: John Cooper moves from Formula One to daddy cool BAR Technologies boss says people power is driving push for renewables Green innovators: Maritime technology flowers but needs demand, reality and clarity to flourish As tech solutions abound, an environment that supports the pursuit of scale remains a challenge Green Power: Rajalingam Subramaniam steers MISC on steady course to zero-emissions shipping CEO won't let nervous bankers stand in the way of his trailblazing decarbonisation voyage Green Power: Wilhelmsen and Kristoffersen won't give up in decarbonisation push Wilh Wilhelmsen maritime conglomerate pursuing several emissions-slashing initiatives Green Power: For Semiramis Paliou, what felt 'bold' a few weeks ago doesn't now Diana Shipping chief executive leads Greek bulker sector in methanol fuelling Green Power: Robert Maersk Uggla says 'this is the beginning of a green revolution' Maersk is powering ahead with methanol in what it sees as a race against time Green Power: Cargill's Dieleman and Abdalla on the front lines of 'convergence of transformation' Commodities giant's ocean transportation president and global operations director lead the discussion and are taking action Green Power: Michael Parker is no 'tree-hugger' but he likes what ship lenders have grown in Poseidon A giant figure in maritime finance explains why he had another act after nearly 40 years at Citi Green Power: Alexander Saverys takes the CMB transition to Euronav 'faster, quicker and better' 'The job is not done. It's only the beginning,' CMB chief executive says Green Power: Torvald Klaveness' Ernst Meyer takes up arms against the vested interests of inefficiency Norwegian group's boss and Klaveness Combination Carriers chief executive Engebret Dahm leading the way on reducing emissions right now Green Power: Idan Ofer ploughs his vast wealth into green shipping and philanthropy But Israeli billionaire ESG trendsetter keeps a low profile Green Power: Takeshi Hashimoto is MOL's man with a mission No time to wait and see, Japan's transformational chief warns other shipowners Green leaders: Standing out in the growing swirl of sustainability measures It may be hard to compare shipping companies on their environmental performance, but that's beginning to change

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DECEMBER 1, 2023

Another Panama Canal red flag: Spiking product tanker rates U.S. diesel exports to South America's west coast are heavily exposed to Panama Canal delays. Tanker rates have skyrocketed.