Shipping
Global schedule reliability continues to increase in 2025
Global schedule reliability continues to increase in 2025
Sea-Intel: Major ocean carriers profitability around US$5.9B in Q1 2024
Gebrüder Weiss expands into Thailand
DP World, VIMC Lines launch domestic coastal logistics service
Singapore, France ink enhanced maritime partnership agreement
CMA CGM launches first fully-electric container barge in Vietnam
MSC container ship sinks off India coast
Port of Savannah container trade up 17% in April
DP World to launch US$2.5B logistics infrastructure investment in 2025
Port of Long Beach sees record April, warns of sharp May drop amid tariff impact
Suez Canal introduces rebates to regain containership traffic
CMA CGM warns extended China-US tariffs could disrupt global trade
U.S. slashes ‘de minimis’ tariff on small China parcels to 30%
LA, Long Beach ports warn of continued tariff uncertainty
China-US deescalation may spur early peak season
Yang Ming: US-China trade deal may spur demand, but uncertainty persists
US-China tariff pause offers temporary relief, could fuel another frontloading rush
Transpacific shipping faces capacity cuts as trade war escalates
Houthi ceasefire raises prospect of container traffic returning to Red Sea
Kale Logistics to develop Oman's national port community system
PSA BDP takes majority stake in Mexico’s ED Forwarding
Xeneta: ‘Ships for America Act’ adds more uncertainty to container shipping market
JAFZA marks 40 years with record US$190B in trade
Seafrigo expands multi-modal services to support global expansion
US port fees to have minimal impact on Transpacific niche carriers
Port fo NY/NJ is busiest US port in March
S&P: Liner shipping contributes US$1.1T to U.S. GDP
deugro Thailand delivers critical reactors for sustainable fuel production
Emirates Shipping Line joins World Shipping Council
Japanese shipyards may benefit from US port fees on Chinese vessels
MOL opens office in Washington, D.C.
Red Sea disruptions push shipping carbon emissions to record high in 2024
Port of LA expects a double-digit volume decline in the second half amid tariffs
DP World sources 65% of its electricity from renewables in 2024
Hapag-Lloyd: 30% of China’s US-bound shipments canceled
Port of Antwerp-Bruges says impact of US tariffs minimal for now
COSCO says planned US port fees threaten shipping, global supply chains
Yang Ming extends lease at Kaohsiung Port, acquires new containers
Transpacific sees surge in blank sailings amid escalating tariffs
UNCTAD: Global economic growth may slow to 2.3% amid mounting pressures
Port of Long Beach becomes the busiest U.S. port in Q1
IMO approves net-zero regulations for global shipping
India ends transshipment facility for Bangladesh exports
US softens stance on proposed port fees for Chinese vessels
Adani’s Colombo Terminal commences operations
Gemini shuttles hit 98% schedule reliability in February
Airfreight demand from China, Hong Kong to the US declines as rates rise
ZIM signs long-term charter deals for 10 LNG-powered 11,500-TEU vessels
Georgia Ports’ container trade grew 22.5% in March
CMA CGM inks AI deal with Mistral AI
Port of New York and New Jersey reports second-busiest February
Maersk's APM Terminals acquires Panama Canal Railway Company
ICS: Proposed US port fees on Chinese vessels to severely disrupt supply chains
PSA looks ahead to strategic developments in 2025 after record-breaking 2024
Hapag-Lloyd makes Philippine inaugural at ICTSI Manila
Yang Ming acquires three methanol dual-fuel ready vessels
Maersk shares updates on upcoming US reciprocal tariff plan
ONE highlights need for adaptability in volatile markets
WorldACD: Global air cargo rates rise as post-NY market rebounds
Chinese shipbuilder unveils LNG dual-fuel vehicle carrier
SATS partners with Guangtai to innovate ground support technology
SC Port's Inland Port Greer expands capacity by 50%
Hong Kong exporters remain positive despite growing trade tensions
Singapore opens applications for methanol bunkering licence
Tariff turmoil persists, though ocean freight rates continue to decline
UN agencies express grave concern over increased satellite interference
Baltic Hub welcomes multiple new services
Port of Savannah achieves busiest February on record
UK freight association seeks solutions to uninsured cargo
Rotterdam, Singapore boost green, digital shipping partnership
MSC announces standalone East/West network
Singapore, India ink deal to boost maritime digitalisation, decarbonisation
World Shipping Council calls on the U.S. to drop its planned port fees
Port of NY/NJ secures landmark lease extension with APM Terminals
Container rates slip amid signs of overcapacity
SC Ports expands weekly services with new ocean carrier deployments
Port of LA reports continued growth in shipments for February
Sea-Intel: Major ocean carriers profitability around US$60B in 2024
Adhira Shipping and Logistics sees continued demand for Cape Size carriers
Matadi Gateway Terminal expands hybrid equipment fleet
MPA, CMA CGM sign MoU to boost sustainable shipping, digital innovation
China, Hong Kong raise concerns over Hutchison Ports deal
Houthis ban U.S. vessels from the Red Sea; Trump vows end to the aggression
Hapag-Lloyd's port arm buys stake in terminal operator in Le Havre
MOL makes major stride in developing ammonia-powered carrier
WorldACD: Flat markets slightly above last year's levels
Frontloading continued to drive volume growth at the Port of Long Beach
Yang Ming plans regional route expansion amid evolving trade tensions
Malaysia's Sin-Kung Logistics eyes air cargo with Prima Air acqusition
Tianjin Port eyes increased container throughput to 35M TEUs by 2035
ILA-USMX officially sign six-year port contract through 2030
MPA, SHELL SIGNS MOU TO BOOST SINGAPORE MARITIME DECARBONISATION
April 17, 2023

The Maritime and Port Authority of Singapore (MPA) and Shell Eastern Trading Pte Ltd (Shell) have signed a memorandum of understanding (MoU) to expand collaboration on the maritime decarbonisation efforts in Singapore.

 

The MoU was signed by Teo Eng Dih,  chief executive of MPA and Nick Potter, general manager of Shell Shipping and Maritime for Asia Pacific and the Middle East.

 

In a statement, the MPA noted that the signing was witnessed by S Iswaran, minister for transport and minister-in-charge of trade relations and Aw Kah Peng, chairman of Shell Companies in Singapore.

 

As part of the five-year MoU, the announcement said MPA and Shell will work together to advance the adoption of electric harbour craft and the development of low-and-zero-carbon fuels in Singapore.

 

To support the adoption of electric harbour craft, MPA and Shell will also identify energy-related development opportunities. This includes collaboration on charging infrastructure for electric harbour craft.

 

Both parties will also work together on the research and development of low-and-zero-carbon fuels. This includes the training of crew in the handling, operations and maintenance of vessels operating on such fuels.

   

"MPA is committed to working with industry partners, like Shell, to drive decarbonisation efforts in the maritime sector," said Teo Eng Dih.

 

"Our partnership with Shell will tap into both MPA's and Shell's expertise in maritime decarbonisation, renewable energy and innovation," he added, noting that the MoU is an "important step" towards achieving the 2030 goal for all new harbour craft to be fully electric, be capable of using 100% biofuels or be compatible with net zero fuels, and achieving net zero emissions in our harbour craft, pleasure craft and tugboat sectors by 2050.

 

Nick Potter, for his part, also welcomed the collaboration.

 

"We are delighted to sign this MoU with MPA which paves the way for continued collaboration on a variety of decarbonisation solutions, including electrification and low-and-zero-carbon fuels," he said.

 

"Shell is working closely with industry stakeholders from across the value chain to explore the fuel and technology pathways to shipping decarbonisation, and later this year, we plan to kick off a hydrogen fuel cell trial on a Shell-chartered vessel," Potter added.

 

The MoU signing took place at an event held by Shell to unveil the first of a series of electric ferries in Singapore, and the first for Shell globally, held at the Shell Energy and Chemicals Park Singapore on Pulau Bukom.

 

Shell worked with a Singaporean homegrown shipbuilder and shipowner, Penguin International, on the first fully-electric ferry service in Singapore. Penguin is the turnkey designer, builder, owner and operator of the electric ferries and their rapid shore chargers. 

 

Dubbed by Penguin as the Electric Dream project, the first electric ferry, Penguin Refresh, is scheduled to commence operations in May, ferrying Shell personnel, contractors, and visitors between Pasir Panjang Ferry Terminal and Pulau Bukom. Two additional electric ferries will be operational in August 2023. 

 

MPA said it will work with Shell to make its charging facilities at Shell Energy and Chemicals Park Singapore available for other electric harbour craft users.

 

Shell is also exploring the feasibility of expanding the shore charging infrastructure on the island.