Mosaco Shipping

Hapag-Lloyd Alerts Customers: EU ETS Surcharge Set to Surge by 100%

Hapag-Lloyd has informed its customers that the existing EU ETS surcharges are expected to “roughly double” starting January 1st, as the scope of the EU Emissions Trading System (EU ETS) expands. The company explained that this increase will be driven by the higher emissions costs resulting from the EU ETS’ expansion, as well as the […]

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DP World Strengthens Logistics Network in Australia with Silk Logistics Purchase

DP World buys Australia’s Silk Logistics Dubai-based ports and logistics player DP World has reached an agreement to acquire Australian port-to-door logistics services provider Silk Logistics. The transaction, subject to shareholder approval of Silk Logistics and standard closing conditions, values the company at about A$174.5m ($115.6m) or A$2.14 per share. Silk Logistics operates 21 logistics […]

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HD Hyundai Launches Groundbreaking Autonomous Navigation Demo with 8,000 TEU Containership, Paving the Way for the Future of Maritime Shipping

HD Hyundai Heavy Industries has initiated a landmark demonstration of autonomous operations aboard an 8,000 TEU containership equipped with cutting-edge autonomous navigation systems. The demonstration, which began on November 4, 2024, is part of a South Korean government-backed program aimed at advancing and commercializing autonomous shipping technologies. The initiative is overseen by South Korea’s Ministry […]

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Saudi Arabia Unveils New Shipping Route: ‘Arabian Gulf-India’ Service

Folk Maritime Services Company, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), has launched a new regional shipping route, the “India-Arabian Gulf Service.” This route connects key GCC ports, including Dammam and Umm Qasr, with major commercial ports in India, such as Nhava Sheva and Mundra. The inaugural vessel for this service, the “Asterius,” […]

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Unlocking the Future of Maritime Propulsion: ABS Explores Advanced Nuclear Technology for LNG Carriers

ABS has released a pivotal report on the integration of advanced nuclear reactor technology for commercial ship propulsion, particularly targeting LNG carriers. Supported by a contract from the U.S. Department of Energy, the study investigates the feasibility of high-temperature gas-cooled reactor (HTGR) technology and its potential to transform maritime operations. Key Insights from the Study: […]

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VELA Secures €40 Million Funding for World’s Largest Sailing Cargo Trimaran

French startup VELA, launched in November 2022, has successfully raised €40 million ($43 million) in a significant funding round. The capital will enable VELA to construct the world’s largest sailing cargo trimaran, aimed at providing a sustainable transatlantic cargo service for a variety of products, including pharmaceuticals, industrial parts, healthcare equipment, and cosmetics. This financing […]

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Hapag-Lloyd- Maersk Upgrades Earnings Outlook Amid Strong Demand and Market Challenges

Hapag-Lloyd has revised its earnings forecast for 2024, following the lead of its upcoming Gemini Cooperation partner, Maersk. The German shipping line attributes this upward adjustment to stronger-than-expected demand and improved freight rates. In its preliminary figures for the first nine months of 2024, Hapag-Lloyd reported an EBITDA of approximately USD 3.6 billion (EUR 3.3 […]

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Dubai Customs Unveils the ‘Airbnb for Warehouses’ Platform to Transform Warehouse Leasing

Revolutionizing Warehouse Leasing in the UAE Dubai Customs is excited to announce the launch of an innovative digital platform, likened to the ‘Airbnb of warehouses.’ Unveiled at Gitex Global 2024, this platform is designed to streamline the registration and leasing process for various warehouse types, from dry storage to climate-controlled facilities, all through a centralized […]

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Ukraine Requests IMO to Monitor Odesa Ports Amid Increased Russian Attacks

Ukraine has formally requested the International Maritime Organization (IMO) to deploy a monitoring mission to its southern Odesa region ports, as Foreign Minister Andrii Sybiha reported on Wednesday. This request comes in response to a surge in Russian missile strikes targeting Ukraine’s port infrastructure, which have resulted in damage to four foreign-flagged civilian vessels since […]

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