The LAPSSET corridor project, centered around Lamu Port, aims to establish a new transport and economic corridor, positioning Lamu as a strategic complement to...

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Rerouting intensifies competition among African ports

Alexandros Itimoudis - January 15, 2025 0

The global shipping industry has increasingly turned to alternative routes via the Cape of Good Hope in recent months, driven by disruptions in the...

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Torched container ships halved in 2024

Container News Team - January 15, 2025 0

Boxship demolitions in 2024 halved from 2023 as the Red Sea crisis sent freight rates to post-Covid-19 peaks. Just 56 vessels, or 80,950 TEUs,...

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Gaza truce talks to shape Eastern Mediterranean ports future

Alexandros Itimoudis - January 15, 2025 0

Qatari officials and various sources acknowledge the unpredictability of when a truce between Hamas and Israel might occur. There are reports, though, indicating that...

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Geopolitical Tensions Rise as NATO Launches Baltic Sea Initiative to Counter Subsea Threats

Alexandros Itimoudis - January 15, 2025 0

NATO secretary-general Mark Rutte co-hosted a summit of Baltic Sea allies yesterday (14 January) launching new military activity in the Black Sea to protect...

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Red Sea and Black Sea Remain in Distruption, Situation Still Tentative

Alexandros Itimoudis - January 14, 2025 0

2025 will be a crucial year for global trade and especially shipping industry. The current year keeps facing growing challenges on two main fronts:...

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Can US-Japan-Philippines Triangle Counter China’s Shipping Dominance?

Alexandros Itimoudis - January 14, 2025 0

The prospect of Japan, the Philippines, and the United States forming a trade shipping alliance in the context of ongoing territorial disputes and trade...

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Assessing Impact of COSCO’s Potential Expulsion from Piraeus Port

Alexandros Itimoudis - January 14, 2025 0

Following the United States blacklisting of Chinese shipping giant COSCO, the owner and operator of the port of Piraeus, the operations at the major...

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Rapid rate declines expected in February

Container News Team - January 14, 2025 0

Vespucci Maritime CEO Lars Jensen said in a Baltic Exchange report that the alliance reshuffling is expected to result in short-term overcapacity in February. This...

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US ramps up sanctions against Russia

Alexandros Itimoudis - January 14, 2025 0

In the waning days of Joe Biden's presidency, US officials have launched their most extensive set of sanctions, targeting the so-called "dark fleet" along...

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Clecat: Rates driven by capacity not service

Container News Team - January 13, 2025 0

Maritime rates are not determined by how good a service is but by the crude measure of available supply and customer demand, according to...

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Pacific supply glut to cause July rate plunge

Asian waters see 86% rise in sea robbery in Jan-June period

Few new players retreat as transpacific rates crash

Electric feedership to train crew

Chittagong port sees 4% growth in box handling in FY25

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