With inflation easing and service trade booming, the total volume of world trade is likely to hit a new record of $33 trillion in 2024, according to UN Trade and Development (UNCTAD). The forecast represents an increase of $1 trillion over UNCTAD’s last...
R&D teams are building on their use of biomimetics, the study of mimicking biological processes, adding in nanotechnology to develop new more efficient hull coatings. These developments are becoming increasingly important as the shipping industry faces the...
he New Zealand Defence Force has released its initial findings on the grounding of navy ship HMNZS Manawanui on a reef off Samoa last month, and it put the blame squarely on mistakes made by the crew. A Court of Inquiry established that the...
The Port of Antwerp-Bruges celebrated the arrival of six new energy-efficient tugs including Europe’s first fully-electric RSD tugboat. The vessels built by Damen in Vietnam are the next step in the port’s ambitious sustainability plan. Damen began construction of the...
The well-known Danish fund manager Copenhagen Infrastructure Partners (CIP) which focuses on renewable energy investments is moving forward to develop ammonia-fueled carriers to lead in the energy transition. Its Energy Transition Fund entered into agreements with...
Taiwan’s U-Ming Marine is becoming the latest in a growing list of shipowners to adopt wind-assisted propulsion. Bulkers are a popular category for the technology which is now planned for a broad range of vessel sizes. U-Ming plans to add rotors made by the UK’s...
