The International Maritime Organization (IMO) has adopted stricter regulations for the transport of charcoal in order to reduce the risk of fire at sea. The new regulations will come into force voluntarily from January 2025 and will be mandatory from January 2026. The German Shipowners’ Association (VDR) welcomes the new regulations and is in favour…
The longer shipping routes resulting from the conflict in the Red Sea have generated high revenues on the container market. According to shipbroker Clarksons, container shipping performance rose by 18% to 1,171 TEU per mile. Clarksons analyst Trevor Crowe said that this result was also due to shipments being brought forward to avoid potential disruptions during…
The construction of two new offshore vessels for FRS Windcat Polska is progressing: the hulls of the crew transfer units have now been launched at ALU International Shipyard. The Polish operator of crew transfer vessels, FRS Windcat Polska, ordered the two units from ALU International Shipyard last summer. An option for the construction of further…
COSCO Shipping Ports Limited and Hamburger Hafen und Logistik completed the terms of the investment to be made by the Chinese company into one of Hamburg’s largest container terminals. The deal first announced in September 2021 has been long delayed while Germany’s government debated the level of investment with political complaints that the Chinese would…