Category: Boating News (Page 1 of 4)

Maersk and Air Cargo News highlight global trends in 2024 air cargo market

February 2, 2024 / WIL BALDWIN

The air cargo sector is undergoing a demand slowdown due to global macroeconomic conditions. Post-Covid normalisation as well as global geopolitical crises, most notably in the form of military conflicts, have been the root cause.

Looking ahead, there is little confidence that this situation will improve drastically in the near term. This is partly due to rising interest rates and the termination of key government support programmes.

With customer demands getting more nuanced, a high level of flexibility seems to be the need of the hour. Air freight operators need to be nimble and provide solutions that lower operating costs and save time.

Here’s a quick fly-by of air cargo trends in 2024…

Click here to read the full story!

Ocean Network Express launches Indian Ocean Mediterranean service

January 4, 2024 / WIL BALDWIN

Ocean Network Express (ONE) is pleased to announce the new Indian Ocean Mediterranean service (IOM). This new service connects India, Pakistan and the Middle East with the Mediterranean region and will provide customers with an enhanced service coverage for this region.

The new IOM service will be expected to provide a reliable and quality assured transport service as well as schedule integrity.

The commencement of the new service from Nhava Sheva to the Mediterranean will be revised to Hyundai Busan/V0150W (ETA Nhava 28th January 2024) / Hyundai Busan/V0150E (ETA Valencia 28th February 2024).

As the service will be routed via Cape of Good Hope, please kindly note following updated service rotations:

Hyundai Busan/V0150W (ETA Nhava 28th January 2024) /
Hyundai Busan/V0150E (ETA Valencia 28th February 2024):
Nhava Sheva – Mundra – Karachi – Valencia – Barcelona – Genoa – Piraeus – Damietta – Algeciras- Karachi – Mundra – Nhava Sheva

effective from
Hyundai Jakarta/V0129W (ETA Nhava 11th February 2024) /
Hyundai Jakarta/V0129E (ETA Valencia 13th March 2024)
Nhava Sheva – Mundra – Karachi – Algeciras – Valencia – Barcelona – Genoa – Piraeus – Damietta – Algeciras – Karachi – Mundra – Nhava Sheva

_{^{NOTE: Transit times and port rotation are as of now and subject to change}}

Genesee & Wyoming welcomes Grupo Mexico Transport

January 2, 2024 / WIL BALDWIN

Jacksonville, Florida, January 2, 2024, Business Wire – Genesee & Wyoming Inc. (G&W) is pleased to welcome Grupo México Transportes (GMXT) as a new partner in its CG Railway, LLC (CGR) joint venture, pending receipt of regulatory approvals for their purchase of equity interests in CGR.

G&W initially formed a joint venture with SEACOR Holdings Inc. in 2017 to own and operate CGR, which has provided rail-ferry service between the ports of Mobile, Alabama, and Coatzacoalcos, Veracruz, across the Gulf of Mexico since 2001. Last week, GMXT announced its intention to purchase SEACOR’s stake in CGR and become G&W’s new joint venture partner for CGR.

CGR’s service advantages include three-day port-to-port transit time, an expedited customs clearance process and minimal exposure to pilferage while in transit on the Gulf of Mexico. To learn more about the operation, visit cgrailway.com.

NYK conducts trial use for full scale introduction of biofuels

December 29, 2023 / WIL BALDWIN

Starting in fiscal 2024, NYK line [Nippon Yusen Kabushiki Kaisha (Tokyo: 9101)] will conduct full-scale trials of long-term use of biofuels*, which are considered to have net-zero CO₂ emissions, in navigating its existing heavy oil-fired vessels. Moving forward from the previous short-term trials, NYK will comprehensively verify the safety and stable procurement of biofuels when used over a long period. Through this trial, NYK will establish a safe navigation system using biofuels and promote biofuel development to achieve the Group’s goal of a 45% reduction in greenhouse gas (GHG) emissions by fiscal 2030 compared to fiscal 2021.

In this trial, NYK will use biofuel continuously for three months on multiple vessel types. After that, NYK will gradually extend biofuel use for a longer period for further validation.

Since fiscal 2019, the NYK Group has conducted short-term biofuel trials on about 10 vessels. While NYK has confirmed the safety of short-term biofuel use, NYK has not verified the impact of biofuels on the ship’s main engine, generator, motor, fuel supply system, etc., and the quality of biofuels after a certain storage period. NYK also needed to ensure the stability of biofuel procurement when used in more vessels.

NYK announced the NYK Group ESG Story 2023 on November 6, declaring a new target to reduce the NYK Group’s GHG emissions by 45%** from the fiscal 2021 level by fiscal 2030. NYK will promote this trial to achieve the goal.

* Biofuels are produced from biological sources (biomass), such as waste cooking oil, and are considered to have net-zero CO₂ emissions during combustion. Biofuels, also usable in heavy oil–fired engines, are one of the critical solutions to reducing GHG emissions during the transition from heavy oil to zero-emission fuels.

** Reduction ratio on absolute corporate emissions for scope 1 and 2.

Forward-Looking Statements

This press release may contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including expected delivery dates. Such statements are based on current expectations and projections about our future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including those discussed in our filings with the Securities and Exchange Commission.

Ocean Network Express (ONE) announce new Japan Taiwan Cat Lai service

December 29, 2023 / WIL BALDWIN

Ocean Network Express (ONE) is pleased to announce a newly launch service – Japan Taiwan Cat Lai (JTC) into ONE’s service network.

JTC will provide our customers with new direct connections as well as quicker transit-time with only 4 days from Tokyo to Taipei/Taichung.

The first sailing will commence with the MV INTERASIA PURSUIT V. S060 arriving at Tokyo on the 22nd January 2024 with the following details.

Port Rotation : Tokyo – Yokohama – Taipei – Taichung – Ho Chi Minh
Frequency : Weekly service

For more information, please refer to the attached advisory

Boeing delivers first Orca undersea vehicle to U.S. Navy

December 23, 2023 / WIL BALDWIN

Huntington Beach, California, December 20, 2023— Boeing (NYSE: BA) has delivered the first Orca Extra Large Uncrewed Undersea Vehicle (XLUUV) to the U.S Navy following acceptance testing completion this month. The XLUUV, designated by the Navy as “Orca,” is a new class of autonomous submarine that can perform long duration critical missions to achieve undersea maritime dominance in changing environments and contested waters.

With the partnership of the Navy, Orca has undergone several phases of at-sea testing, including above and below surface maneuvers to demonstrate the vehicles’ unique capabilities.

Orca is the result of more than 50 years of Boeing experience building and operating undersea vehicles. In 2012 Boeing initiated the design and development of Echo Voyager, a proof-of-concept XLUUV that began at-sea testing in 2017 and was a precursor to the US Navy’s Orca XLUUV competition. Echo Voyager – the world’s only vehicle of its size and capability – has spent over 10,000 hours operating at sea and transited hundreds of nautical miles autonomously.

Forward-Looking Statements

Rolls-Royce powers Europe’s first inland ferry

December 19, 2023 / WIL BALDWIN

Rolls-Royce Holdings PLC (London: RR) powers Europe’s first inland ferry using a high-speed mtu Series 4000 gas engine has just gone into operation on Lake Constance, Germany. The ferry, which was recently christened Richmond, will cross Lake Constance eight to nine times a day, carrying up to 700 passengers and 64 cars from Meersburg to Constance and back. It joins a fleet of five other ferries that are all powered by mtu engines.

The Richmond is the first inland ferry in the world to be powered by high-speed, gas-only engines. The two eight-cylinder mtu Series 4000 engines each provide 746 kilowatts of power and operate with less noise and vibration than a diesel engine, while keeping emissions below the current IMO III nitrogen oxide limits, even without exhaust gas aftertreatment.

A multipoint gas injection system ensures dynamic acceleration behaviour while the turbocharging system enables sufficient power reserves throughout the entire speed range for difficult driving manoeuvres.

In the future, the ferry operator hopes to run the ship on bio-liquified natural gas (LNG) and thus be completely climate-neutral.

Click the link to read the full story! – Lake Constance high-speed ferry!

Forward-Looking Statements

Nestle cuts ocean transport emissions with Maersk ECO Delivery solution

December 6, 2023 / WIL BALDWIN

Copenhagen, Denmark/Vevey, Switzerland, December 6, 2023 – Nestle SA (SIX Swiss: NESN), the world’s largest food and beverage company, is cutting its ocean logistics greenhouse gas (GHG) emissions by using the Maersk AS (OTC: AMKBY) ECO Delivery solution for 100% of its ocean containers shipped by Maersk in 2023, with an option to extend this agreement into 2024 and beyond. The seaborne emissions of these transports are being reduced by over 80% compared to the usage of conventional fossil fuels.

With ECO Delivery, Maersk customers can handle ocean transports completely with certified green fuels* like second generation biofuel based on waste feedstocks. These fuels are replacing conventional fossil fuels on container ships in Maersk’s fleet. The corresponding GHG emission savings are confirmed to the customers with a certificate.

Nestlé’s goal is a 50% reduction of its total emissions by 2030 and to be net zero by 2050. With scope 3 emissions being the major part of the overall emissions, ECO Delivery is an effective solution for abatement of scope 3 emissions caused by ocean transports. Nestlé’s water beverages and Nespresso have been two pioneering brands using ECO Delivery since 2021.

Today many more of Nestlé’s up to 2,000 brands are reaching the end consumers with a much smaller GHG footprint thanks to Maersk’s ECO Delivery. Furthermore, Nestlé is one of Maersk’s partners in piloting also low GHG emission landside transports, e.g. by rail or electric trucks.

Forward-Looking Statements

Maersk signs deal with Starlink for its ocean fleet

October 12, 2023 / WIL BALDWIN

Copenhagen, Denmark, October 12, 2023 – A.P. Moller – Maersk (London: 0O77) is embarking on a collaboration with Starlink, the pioneering satellite internet constellation developed by Space Exploration Technologies Corp., commonly referred to as SpaceX. SpaceX was founded in 2002 by Elon Musk of Tesla (Nasdaq: TSLA) fame.

Maersk, the global leader of integrated container logistics, will have Starlink installed on more than 330 own operated container vessels. This will enabling high-speed internet with speeds over 200 Mbps, service that is a leap forward in terms of internet speed and latency bringing significant benefits in terms of both crew welfare and business impact.

The agreement comes after a successful pilot phase where crew members on more than 30 Maersk vessels have had the opportunity to test the Starlink technology – resulting in very positive feedback.

JAL and REGENT sign agreement to study Seaglider operations in Japan

October 8, 2023 / WIL BALDWIN

Tokyo, Japan – Japan Airlines Co., Ltd. (Tokyo Stock Exchange: 9201) and REGENT Craft Inc. (Headquarters: United States, CEO: Billy Thalheimer, hereinafter referred to as “REGENT”) have announced the signing of a comprehensive partnership agreement to establish a system for seaglider operations in Japan. The agreement follows a strategic investment in REGENT made earlier this year by JAL Innovation Fund, the CVC of JAL. Through this agreement, the two companies aim to implement next-generation mobility where people can move safely and comfortably with zero emissions.

The all-electric seagliders being developed by REGENT are wing-in-ground effect craft that fly several meters above the water on a cushion of air trapped between the wings and the water’s surface. Seagliders are attracting attention as a new form of sustainable mobility, further expanding the possibilities of new transportation methods that do not place a burden on the environment, as well as the development of new markets.

The new agreement signifies a commitment to deepen business development between the two companies. With the goal of establishing a system of seaglider operations in Japan, JAL aims to utilize its accumulated knowledge of safe operation while REGENT brings its technological expertise to the table. Together, the companies will collaborate to drive awareness and understanding of seagliders in the region, identify jurisdictions for seaglider operations by JAL and JAL Group operators, develop infrastructure for seaglider operations – including a planned demonstration flight in 2025 – and obtain certification for the safe operation of electric seagliders. In addition, JALUX Co., Ltd. (location: Minato-ku, Tokyo, CEO: Satoru Takahama) will act as a sales agent for the maritime craft.

Here’s a quick fly-by of air cargo trends in 2024…

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