World’s first electric ship now sailing in China

El primer barco totalmente eléctrico.

China has launched its first all-electric cargo ship. The 230-foot-long ship runs a mere eight miles per hour, but the vessel has zero emissions of waste gas pollutants. The irony, however, is that the ship is going to haul coal, more than 2,000 tons worth, in the inland section of the Pearl River.

The all-electric ship is powered with enough lithium batteries to power 40 cars—a battery capacity of 2,400 kilowatt hours. After two hours […]

Panama says China increases its presence in the country to expand in the region

El Presidente de Panamá, Juan Carlos Varela y su homólogo Xi Jinping.

China will increase its presence in Panama to expand into Latin America, said Panamanian President Juan Carlos Varela, after his historic meeting in the Asian country with his counterpart Xi Jinping.

“There will be many more companies and multinationals using Panama to expand their presence in Latin America,” Varela told a press conference to present the achievements of his recent trip to China.

On that tour, Varela was received by the Chinese president and both […]

Global idle fleet reduced in face of increased vessel demand

Alrededor de 74,000 TEUs fueron retirados de la flota ociosa durante la primera quincena de noviembre.

The idle fleet of container ships of more than 500 TEUs has fallen, due to capacity demand, to only 136 units, equivalent to 520,365 TEUs, as of November 13, 2017, a figure that represents 2.5% of the total fleet accounted for in units.

According to an Alphaliner report, around 74,000 TEUs were removed from the idle fleet during the first half of November, reducing the number of inactive vessels in all size segments, except for […]

Study considers Panama Canal tug safety

Seguridad de los barcos remolcadores fue revisada por TMG.

Tug operations were put under scrutiny by an article published in the Maritime Journal and written by Peter Barker. For many months the tug boats captains have complained about the working conditions and other problems related to the safety of the vessels crossing the Panama Canal.

An A-list team of international experts led by The Maritime Group International (TMG) has delivered a review of tug operations in the newly expanded Panama Canal.

The canal’s capacity […]

MOL and China Cosco Shipping to be co-owners of four LNG tankers

MOL has announced that China COSCO Shipping will participate in the subsidiary of its property that will own four LNG tankers providing services to the Russia Yamal LNG project.

Total ownership will be divided equally between MOL and China COSCO Shipping.

It should be noted that MOL has already signed long-term charter contracts for the four ships through its subsidiary.

This is the fourth joint LNG project involving MOL and China COSCO Shipping, which gives […]

UNCTAD sees rebound in international trade and maritime industry

Movimiento de contenedores por región.

By Franklin Castrellón

Recovery and sustained average growth in volume of 3.2% for international trade is seen over the next few years, until 2025, reveals the study “Review of Maritime Transport 2017” published by the United Nations Conference on Trade and Development (UNCTAD) on October 25.

This growth is a notable improvement compared to the 2.8% projected in 2017.

In UNCTAD’s opinion, this growth will encompass all segments of the industry, but especially those of […]

Panama Canal recovers traffic

El tránsito de barcos por el Canal ha aumentado.

As of August 2017, 9,217 vessels crossed the Panama Canal, 6% more than last year, when traffic reached 8,693 vessels, according to the Statistics and Census Institute of the Comptroller’s Office.

The recent expansion of the third set of locks, inaugurated on June 26, 2016, impacted on this result.

So far this year, there has been an increase of 524 vessels that have crossed the Canal, that is, 6% higher, driven by the transit of […]