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Evergreen enhances container fleet with massive US$187 million order

Taiwanese major ocean carrier Evergreen has ordered 60,500 new containers for a total of US$186.8 million. The overall cost means that each container will cost...

Cosco orders twelve 14,000 TEU methanol vessels

Cosco Shipping Holdings has received shareholder approval to order a series of twelve methanol-fuelled container ships of 14,000 TEU capacity. The delivery of the vessels...

China’s Greater Bay Area to rival New York and Silicon Valley as global tech and economic hubs

The Greater Bay Area (GBA) initiative is a cornerstone of Beijing's long-term vision for economic development and global competitiveness. By integrating Hong Kong, Macau, and...

ZIM’s financial recovery continues with strong Q3 results

Israeli ocean carrier ZIM has announced a net income of US$1.13 billion in the third quarter of 2024, while the company reported a US$2.27...

Global container throughput to approach 1 billion TEUs as BRICS gains pace against the West

The global container throughput has demonstrated significant growth over the past decade, with further increases projected in the near future. Data from 2012 to 2021...

Operational profile of recently-sanctioned IRISL

Islamic Republic of Iran Shipping Lines (IRISL) is a prominent player in Iran's maritime sector, recently spotlighted due to expanded European sanctions targeting the...

Lines moving towards alternative fuels: Key strategies and industry front-runners

Alphaliner’s report states there is no clear winner when it comes to decarbonisation efforts among container carriers.   Some mainline operators, such as CMA CGM, were...

Strategic inventories boosted by Trump election win

A shift in global trade patterns is expected to be accelerated by the election of Donald Trump to US president as China and other...

Dark Anniversary: Red Sea Crisis and its Ongoing Impact on Global Trade

The 19th of November marks the first "anniversary" of the Red Sea crisis, which began on the same date in 2023. Initiated by Houthi militants,...

Shipbuilding Industry: Eurasian block outpaces Western productivity

The shipbuilding industry displays diverse trends across various regions, influenced by a mix of geopolitical, economic, and strategic factors. According to data from Xclusiv Shipbrokers,...

US government injects US$580 million investment into port sector

The U.S. Department of Transportation’s Maritime Administration (MARAD) unveiled plans to invest nearly US$580 million from the Bipartisan Infrastructure Law to support 31 port...

Singapore oil and bunkering mogul jailed for bank fraud

A Singapore oil tycoon who headed an oil trading and bunkering business has been jailed for 17.5 years for cheating banks of over US$110...

Latest Posts

Constanta Port secures EU funds

The European financing contract for Stage II of the “Modernization of the Electricity Distribution Infrastructure in the Port of Constanta” project has been officially...

European Union approves €22M for Helsinki–Lübeck port upgrades

The European Commission (EC) has awarded €22 million in co-funding to the Hansalink 3 project, aimed at enhancing the maritime corridor between the Port...

Kuehne+Nagel delivers Türkiye’s largest floating drydock to the US

In one of the most complex maritime transport operations in recent years, Kuehne+Nagel has successfully delivered the largest floating drydock ever built in Türkiye...

Bridgestone opens next-generation Queensland Distribution Centre at Port of Brisbane

Bridgestone, the market-leading tyre brand, has officially opened its new, state-of-the-art Queensland Distribution Centre at the Port West Industrial Estate (Stage 2) in Lytton,...

P&O Maritime Logistics to acquire NovaAlgoma Cement Carriers

UAE-based P&O Maritime Logistics (POML), a subsidiary of DP World, has signed a definitive agreement to acquire a controlling stake in NovaAlgoma Cement Carriers...
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