Forty-thousand alarm clocks buzzed as one, waking an equal number of workers for work at Daewoo Shipbuilding & Marine Engineering (DSME), the world's second-largest shipyard, just before dawn on Geoje Island, along South Korea's southwest coast. As the sun rose, they marched out for another day's labor at the company's immense dry docks, dominated by the soaring arc of a … [Read more...]
ICS Chairman Calls For Economic Sustainability In Shipping
Speaking yesterday at Connecticut Maritime Association's Shipping 2013 conference in USA, Mr Masamichi Morooka, Chairman of the International Chamber of Shipping, told delegates: “In a truly difficult economic climate like the present, which for many shipping companies is the worst in living memory, there is really only one issue on the minds of ship operators working on … [Read more...]
Private Equity Firms Set Sights on Eco-Ships and the Distressed Shipping Market
(Bloomberg) -- Carlyle Group LP and Tiger Group Investments’ ship fund is in talks about financing new vessels with five container lines as higher fuel prices spur demand for larger and more efficient ships. Yang Ming Marine Transport Corp. and United Arab Shipping Co. are among the companies that GCI Group is talking to about ships that would be delivered in 2014 … [Read more...]
Low Carbon Shipping Consortium, 20 May 2011
Identifying and unlocking the barriers to a greener supply chain. Tickets £95 The Carbon War Room Shipping Operation, in partnership with www.ShippingEfficiency.org and the Low Carbon Shipping Consortium, are hosting an open seminar examining the main barriers to greening the maritime supply chain and reducing CO2 emissions. The programme includes focus on: Efficiency … [Read more...]