July 24 - Non-exclusive network of independent project forwarders and project charterer, XLProjects (XLP), has welcomed Seoul, South Korea based SFS Global Logistics to its ranks.
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Forecasting the trajectory of shipping rates even in the short term is highly problematic. However, Transport Intelligence (Ti) believes it is likely that there will be ‘regression to the mean’ and that there have been no big changes to the industry dynamics that suggest the sky-high rates will be the new normal.
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Steel cut for Seaway Ventus
Seaway 7 has reached a milestone in the construction of its wind turbine installation vessel with a steel cutting ceremony taking place at the China Merchants Heavy Industry (CMHI) facility in Jiangsu, China.
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Decarbonisation fund to be considered next year
174 governments have met this week at the International Maritime Organization (IMO) in London to address the pressing carbon emission reduction challenges facing international shipping, in what the industry is calling the ‘first litmus test’ of government’s decarbonisation commitments following COP26.
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Pembroke progresses with port projects
The renovation of the UK’s Pembroke Port’s Hangar Annexes into flexible workspaces and a workshop has begun as the gateway presses ahead with projects to develop into an energy and engineering centre that supports wind, wave and tidal renewable energy projects.
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UK decommissioning rebounds
The UK oil and gas decommissioning sector has shown resilience in the face of the pandemic. The oil and gas industry saw lower expenditure in 2020 and this was the case for the decommissioning sector too. Nevertheless, it is expected to rebound from 2022-2024.
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Rotterdam prepares for hydrogen
Companies are making headway with the preparation to store, process and transport hydrogen at the port of Rotterdam.
