Japanese shipping company Kawasaki Kisen Kaisha, better known as “K” Line, has announced plans to purchase three additional kite systems to be installed on post-Panamax bulk carriers.
The “Seawing” systems will be provided wind-assisted ship propulsion specialist Airseas. The agreement bring’s “K” Line’s total to five units, including two previously announced for two capesize bulk carriers. The first system is expected to be operational later this year.
Use of the kite system is estimated to reduce CO2 emissions by more than 20% compared to conventional bulk carriers.
“K” Line has set a target of net zero greenhouse gas emissions by 2050.
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German container shipping firm Hapag-Lloyd HLAG.DE on Monday welcomed an agreement between the United States and China to temporarily slash reciprocal tariffs, saying it expected to be buoyed by a resulting increase in bookings from China to the U.S.
Trade flows – including ecommerce – are expected to restart on the transpacific after the initial new tariff agreement between the US and China. Talks over the weekend resulted in a huge reduction in tariffs – for 90 days.
Russia and China are looking to further expand their cooperation in Arctic shipping and energy projects, President Putin confirmed during a meeting with Chinese leader Xi in Moscow.
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