{"id":72937,"date":"2023-08-22T00:00:00","date_gmt":"2023-08-22T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/08\/22\/first-wind-powered-dry-bulk-ship-sets-sail-dubai-is-among-the-top-10-most-expensive-cities-for-warehouse-rentals\/"},"modified":"2023-08-22T00:00:00","modified_gmt":"2023-08-22T00:00:00","slug":"first-wind-powered-dry-bulk-ship-sets-sail-dubai-is-among-the-top-10-most-expensive-cities-for-warehouse-rentals","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/08\/22\/first-wind-powered-dry-bulk-ship-sets-sail-dubai-is-among-the-top-10-most-expensive-cities-for-warehouse-rentals\/","title":{"rendered":"First wind-powered dry bulk ship sets sail + Dubai is among the top 10 most expensive cities for warehouse rentals."},"content":{"rendered":"

Cargill unveils first wind-powered dry bulk ship: <\/strong>US commodities group Cargill<\/a> has deployed a dry bulk ship equipped with special sails that harness wind power, according to a statement<\/a>. The ship has been fitted with 37.5-meter-high wind sails and has set sail from Singapore to Brazil, and will likely transport a shipment grain to Denmark, Reuters<\/a> cites Cargill's president of ocean transportation Jan Dieleman as saying. The ships are expected to save up some 30% of fuel used for new build ships, the statement said. The ship will probably remain within the confines of the North Atlantic region to maximize wind usage, Dieleman added. \u201cIf we are not going to get any real surprises, we are definitely going to scale this. The question is a little bit how and when,\u201d Dielman said.<\/p>\n

This isn\u2019t the only company looking at using wind power for vessels: <\/strong>We recently reported<\/a> on a French startup that is currently testing designs for inflatable kite sails that could be used to propel container ships. The system uses winches and artificial intelligence that adjusts the sails\u2019 positions based on wind conditions. <\/p>\n

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London is the world\u2019s most expensive city for warehouse space, and Dubai is <\/strong> seventh on the list<\/strong>, Bloomberg<\/a> reports.Warehouse costs in London rose by nearly 12% in 1H 2023 due to rent hikes surpassing inflation, according to Savills data picked up by the business information service. London's top-tier warehouse space costs USD 41.68 per square foot, far exceeding the second most expensive city\u2019s USD 27.44 per square foot in Sydney, while Dubai\u2019s costs came in at USD 20.5 per square foot. The rise in warehouse rents comes as retail businesses focus more on e-commerce, and manufacturers reassess supply chains in response to the pandemic and geopolitical uncertainties. However, there are indications that the rate of warehouse cost inflation is slowing, with total expenses up 4.4% in 1H 2023 compared to a 5.4% increase in 2H 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

Cargill unveils first wind-powered dry bulk ship: US commodities group Cargill has deployed a dry bulk ship equipped with special sails that harness wind power, according to a statement. 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