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Ocean Transportation: Page 83

Three Organizations Agree to Build Hydrogen-Powered Tourism Ship

The 40-seat vessel, which is outfitted with a 350-kilowatt hydrogen fuel cell, qualifies as a research, development and demonstration (RD&D) project under South Korea’s national hydrogen strategy.

Photo: iStock.com/Scharfsinn86

Global Containership Fleet To Reach Record Capacity in 2023 and 2024

BiMCO forecasts the capacity of ship deliveries is expected to reach 2.3 million TEUs in 2023 and 2.7 million TEUs in 2024.

Photo: iStock.com/SHansche

South Korea Pledging More Financial, R&D Support for Shipbuilding

As part of the country’s three-pronged plan, the amount of government support issued for ship construction will increase from $91 million to $300 million.

Busan Shipbuilding & Offshore Co., Ltd. shipyard on Geoje island in the Harbor of Busan, South Korea. Photo: iStock.com/IgorSPb

Hapag-Lloyd Left Out of Second Round of Bidding for HMM

Hapag-Lloyd, the only foreign company involved in HMM's bidding, was ruled out of the privatization process by creditor banks Korea Development Bank and Korea Ocean Business Co.

Photo: iStock.com/eyewave

HD KSOE Delivers LNG Tanker with an AI Engineer

The AI engineer is equipped with two engine automation systems that operate in real-time to diagnose the condition of important ship equipment and detect potential emergencies.

Photo: iStock.com/ricardoreitmeyer

MSC Signs Second Vessel-Sharing Agreement with ZIM

The agreement will involve five vessels of 6,700 TEUs each, with MSC managing three of the ships.

Stade, Germany. Photo: iStock.com/eyewave

Gebrüder Weiss and Atinkana Ship Coffee Beans via Sailing Ships

In order to reduce carbon emissions, Atinkana will transport the beans from Colombia to Amsterdam on sailing ships.

Photo: iStock.com/CASEZY

Ocean Carrier EBIT Fell by 90% Year-on-Year During Q2 2023

Orient Overseas Container Line (OOCL) had the largest EBIT per TEU during Q2 2023 at $305, a massive drop-off from Q2 2022, which was over $1,500 per TEU.

Photo: iStock.com/SHansche

Globus Maritime Places $75.5M Order for Two Bulk Carriers

The company said the vessels will be built at a "reputable Japanese shipyard" and delivered during the second half of 2026.

Photo: iStock.com/GlenJ

Port of LA Cargo Volumes Fell in July After Near Record-Breaking June

Through the first seven months of 2023, the Port of Los Angeles has processed 4,821,670 TEUs, a 24% drop from the same period in 2022.

The Port of Los Angeles, Los Angeles, California. Photo: iStock.com/viavado

Panamax Bulk Ship Sets Sail to Test Wind Power Technology

WindWings are large sails built with the same materials as wind turbines, and designed as a supplemental source of power for large vessels with the hopes of saving up to 30% of fuel costs.

August 2023. Photo: BAR Technologies

DP World Adding 3M TEU of Handling Capacity in 2023

Beyond physical expansion, the projects will also focus on implementing new technology and adopting updated terminal operating systems, including automation, at each port.

Image: Pexels, Tom Fisk.

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