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Finance and Insurance
KKR comes in with $200m credit facility for Flexport Capital
Flexport Capital, the trade financing arm of digital forwarder Flexport, has secured a credit facility of up to $200m from…
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Containers
NACKS promotes ammonia-powered boxship
Lloyd’s Register (LR) has awarded Chinese shipyard Nantong COSCO KHI Ship Engineering (NACKS) approval in principle (AiP) for an ammonia-fuelled…
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Containers
Inactive boxship levels hit two-year high
Inactive tonnage as a percentage of the overall container fleet is now at its highest level in two years, according…
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Environment
Call for Baltic scrubber ban
Yesterday Splash carried studies from NASA suggesting the global sulphur cap had improved atmospheric conditions. However, the controversial International Maritime…
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Bunkering
Key nuclear tests to get underway in the US bringing shipping a step closer to adopting atomic propulsion
Southern Company Services (SCS) and TerraPower have built and installed a new test facility at TerraPower’s laboratory in Everett, Washington,…
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Operations
Canberra presses ahead with national fleet plans
The new Australian government today laid out plans towards the creation of a national fleet, something vehemently opposed by the…
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Ports and Logistics
SAAM shareholders approve terminals sale to Hapag-Lloyd
At an extraordinary shareholder’s meeting yesterday, the shareholders of SAAM approved the agreement to sell 100% of the shares of…
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Asia
NYK to invest in Pertamina
Japan’s Nippon Yusen Kaisha (NYK) is investing in Indonesia’s best-known shipping line, reaching a basic agreement to invest in Pertamina…
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Ports and Logistics
Ship traffic hit by latest covid outbreak in Ningbo
A bout of covid-inspired lockdowns at the world’s largest port is having an impact on vessel traffic, despite Chinese authorities…
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Environment
NASA hails global sulphur cap a success
NASA has hailed the beneficial effects of the global sulphur cap to the atmosphere. A newly published study from the…
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Containers
New Chinese owner launches liner service to Russia
China has a new shipowner, servicing the growing container trade to neighbour Russia. According to Alphaliner, Shenzhen-based Neptune Logistics Group…
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Finance and Insurance
CAI International and Beacon Intermodal Leasing to merge
Across many strands of the container supply chain the big names keep getting bigger. Japan’s Mitsubishi HC Capital has announced…
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Containers
Contships buys Lomar quartet
Greece’s Contships Management has purchased four 1,102 teu boxships from Lomar Shipping according to Alphaliner. No price has been revelled…
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Operations
ZeroNorth unveils AI-enabled fuel model
ZeroNorth has unveiled a new artificial intelligence-enabled fuel model which it claims generates 34% more accurate predictions when compared to…
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Environment
Shipping emissions forecast to flatten out next year
Shipping is forecast to flatten overall emissions output next year after a post-covid growth of its carbon footprint. Clarksons Research…
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Europe
MSC’s Aponte family labelled Switzerland’s richest family
The Swiss now know which family is the richest – and pollutes the most – in their country. Originally hailing…
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Environment
COSCO fares poorly in new sustainability report
COSCO, China’s largest maritime conglomerate, comes out poorly in a new sustainability report. The World Benchmarking Alliance (WBA) and non-profit…
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Ports and Logistics
Hamburg Port to use feederships to ferry boxes between terminals
The Port of Hamburg will use feederships, not trucks, to shuttle boxes between terminals from next month. The German port…
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Gas
LNG rates climb to $450,000 a day
Spot rates for LNG carriers continue to soar to new highs. The Baltic Exchange has rates as high as $450,000…
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Finance and Insurance
Joakim Hannisdahl and Cleaves part ways
Joakim Hannisdahl has parted ways with Cleaves Securities. Hannisdahl cited “irreconcilable differences” with his employer for the shock departure, with…
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