The ship industry briefing

The latest news, views and numbers you need to know this month

News in Numbers








Maersk and Debo partner on bio-methanol project in China

Danish ship firm AP Moller-Maersk (Maersk) has entered into a letter of intent with bioenergy enterprise Debo for the development of a bio-methanol project in China.

Source: Ship Technology

NYK and partners finalise joint R&D agreement for ammonia barge

Four Japanese maritime players – Nippon Yūsen Kabushiki Kaisha Line, Nihon Shipyard, ClassNK, and IHI – have concluded a joint R&D agreement for a new ammonia floating storage and regasification barge.

Source: Ship Technology

Avenir LNG and Oxelösunds Hamn AB to construct LNG/BioLNG terminal

LNG and Oxelösunds Hamn AB have signed a memorandum of understanding to construct a liquefied natural gas (LNG) and BioLNG terminal in the Port of Oxelösund, Sweden.

Source: Ship Technology

India’s Deendayal Port Authority to invest $745m on capacity growth

Deendayal Port Authority has unveiled plans to invest $745m (Rs59.63bn) to build two mega cargo handling terminals.

Source: Ship Technology


Unite general secretary, Sharon Graham, pledged to turn the union’s force on exposing CK Hutchison, the global company based in Hong Kong, which is the ultimate owner of Felixstowe Ports:

"Every single client, every investor, every decision maker at CK Hutchison is being looked into.

 “I will be inviting the shareholders at CK Hutchison, the clients of CK Hutchison, the decision makers of CK Hutchison to meetings with me, to open the books on what is going on. The company refusal to settle the union claim is about corporate greed.

 “The ultimate owner of CK Hutchison is Li-Ka Shing, Hong Kong’s richest businessman and the 32nd richest man in the world. All of the accounts of Li-Ka Shing are being looked into. All the tax havens in the Cayman Islands, are being investigated.”

“The company [Felixstowe Ports] is making an absolute fortune. it could pay 50 per cent more on your wages and still be in profit. We are asking for 10 per cent. What is the problem?

IMO Secretary-General Kitack Lim has welcomed the signing of an initiative to establish a humanitarian maritime corridor to allow ships to export critical cargoes of grain and foodstuffs from Ukraine.

"I am very pleased that all parties have reached agreement on the way forward for ships to safely transport much-needed grain and other commodities through the Black Sea.

"This agreement would not have been possible without the spirit of cooperation by the countries involved and the leadership shown by UN Secretary-General António Guterres in proposing this initiative.

"The safety of ships and seafarers remains my top priority. IMO instruments, including the International Ship and Port Facility Security Code, underpin this agreement for safe and secure shipping through the Black Sea. I commend the efforts of all involved, particularly the IMO Member States – Russian Federation, Türkiye and Ukraine."