The decline in freight rates threatens future investments in safety and decarbonisation. It could also impact maintenance levels and risk management budgets, according to the latest Allianz Safety & Shipping Review 2023. Following the post-pandemic boom in...
Lloyd’s Register (LR), Mediterranean Shipping Company (MSC), Shanghai Merchant Ship Design & Research Institute (SDARI) and MAN Energy Solutions (MAN-ES) have signed a Memorandum of Understanding (MoU) for a design for the ammonia dual-fuel operation of an MSC...
A major cross sectoral initiative tasked with reducing methane emissions across the maritime industry – the Methane Abatement in Maritime Innovation Initiative – has announced seven new members at a Lloyd’s Register LNG Forum event in Doha, Qatar. New...
The MSC container ship MSC Istanbul grounded in the Suez Canal on 5 March during its northbound transit. The Suez Canal Authority has succeeded in refloating the vessel using its own tugboats. The MSC Istanbul was en route to Portugal from Malaysia. The ship was built...
Maersk and Mediterranean Shipping Company (MSC) have agreed to terminate, effective in January 2025, the present 2M alliance. According to Drewry, it is Maersk in particular that will be left ‘in a tight spot’ when the cooperation ends. 2M is a container...
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