The U.S. just slapped a 25% tariff on steel and aluminum imports. Plus: Super Bowl freight surged 38%, a $600K chassis theft ring was busted at the Port of LA, and Amazon’s strong Q4 fueled speculation about an Old Dominion acquisition.
On the pathway to ever greener logistics, an eco-friendly cargo ship retrofitted with WindWings tech has set sail. Is this maiden voyage signaling the future of sustainable ocean transport?
The ship, chartered by food giant Cargill, has been equipped with WindWings designed by UK's BAR Technologies.
Key Data:
Harnessing Wind: Two foldable sails, standing a majestic 123 feet above deck, enable the ship to utilize wind for propulsion, potentially reducing fossil fuel dependency by up to 20%.
Economic Outlook: Though a commendable step towards sustainability, the economic feasibility remains a concern. Cargill anticipates 7-10 years for the fuel savings to surpass the technology's installation costs.
This innovative approach could redefine maritime transport, aligning it with the world's environmental goals.
The world's first wind-powered cargo ship, Mitsubishi Corporation's Pyxis Ocean, set sail from China after being fitted with WindWings — effectively fibreglass wind-powered sails. Here’s why you should care. A thread 🧵 (1/8) pic.twitter.com/7dYj7CUlzu
Hi! I'm Adriana and I've been working for FreightCaviar as Head Writer for a little over a year now. Some of my favorite topics to cover are FreightTech, Green Freight, and nearshoring/reshoring.
Container rates hit new highs, causing shipper worry. With tender rejections in LA hitting 2-year highs, FreightWaves' Craig Fuller is "bullish" on 2H recovery.
Keep up with the freight broker world in 5 minutes.
Join over 12K+ subscribers to get the latest freight news and entertainment directly in your inbox for free. Subscribe & be sure to check your inbox to confirm (and your spam folder just in case).