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Ocean Transportation: Page 145

LNG Engines Could Be Stepping Stone to Fuel Cells

The growing adoption of hybrid electric powertrain systems and the projected growth in the number of vessels burning liquefied natural gas as fuel, could lead to wider adoption of fuel cells with LNG-fuelled engines becoming the stepping stone for the wide adoption of LNG-fuelled fuel cells as prime movers.

Hanjin Shipping Sells Part of Container Ship Business for $31M

South Korea's Hanjin Shipping Co Ltd said last week it decided to sell part of its container ship business to Korea Line Corp for 37bn Korean won ($31m).

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Report: Fuel Smuggling Caused Shipbreaking Blast

An official inquiry into the explosion on the scrapped FPSO Aces confirmed that the massive blast was caused by hundreds of thousands of gallons of petroleum products on board. The inquiry, as reported by local media, said that about 375,000 gallons of fuel and 425,000 gallons of lubricants were on board the vessel.

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Construction Boom Could Boost Demand for Met Coal

Businesses that transport their goods via the highways, railways or the airways are likely to see an expansion of the nation's infrastructure. That's good news not just for companies that want to move their products in the most efficient manner possible. It may also be good news for a subset of the coal sector that produces so-called metallurgical coal for steelmaking.

Hanjin Shipping Receivership: Hyundai Loses Bid

South Korea's Korea Line Corp was picked as the preferred bidder to buy troubled shipping company Hanjin Shipping Asia-U.S. operations, beating Hyundai Merchant Marine, a spokesman for a Seoul court overseeing Hanjin Shipping's receivership said last week.

U.N. Shipping Sector Wants Climate Commitments by 2018

At the United Nations climate change conference (COP22) in Morocco, the International Chamber of Shipping's director of policy said that industry wants to see climate change commitments made at the International Maritime Organization (IMO) by 2018, with an enforcement mechanism to follow after.

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Stores Hustle to Get Holiday Goods As Fallout From Hanjin Mess Continues

The last Hanjin Shipping vessel dropping off goods in California has set sail from the Port of Long Beach, finally clearing the many ships left stranded by the company's sudden collapse two months ago. But in its wake, the giant shipping line has left a mess that retailers across the country will be sorting out for weeks.

Freightos Launches Freight Rate Calculator for Real-Time Market Access

Logistics technology company Freightos has announced the launch of its freight rate calculator, a tool that taps into international market rates to offer real-time FCL, LCL, air and trucking door-to-door freight estimates. The calculator is currently being launched as a public beta, Freightos says.

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Cargo Owners in Flight to Safety After Hanjin Collapse, Shipping Lines Say

Cargo owners are becoming more concerned about risks and are shifting their business to shipping lines deemed more financially stable after the collapse of South Korea's Hanjin Shipping Co Ltd, top shipping executives said.

Report: New Low in Sea Trade Growth

Seaborne shipments passed 10 billion tons for the first time ever in 2015, up 2.1 percent from 9.8 billion tons the year before - the slowest pace of growth in the industry since 2009, according to the UNCTAD Review of Maritime Transport 2016. The report says future growth looks uncertain.

How East Coast Ports Are Getting 'Big-Ship Ready'

It takes a big port to handle a big ship. Can East Coast ports meet the challenge of handling the new generation of mega-container vessels?

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Ocean Alliance Announces Expanded Trading Network

The members of the new Ocean Alliance, CMA CGM, COSCO Container Lines, Evergreen Line and Orient Overseas Container Line, have announced their proposed "day one" trading network. The Alliance is the largest shipping alliance in the world, and the partners will operate 40 services on the East-West trades with around 100 ports of call and almost 500 port pairs.

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