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Middle East trade surges, leading box lines to launch new services

Container News Team - 0
With Far East-Middle East container volumes seeing double-digit growth year-on-year, several liner operators have added more services to this lane. Japan's joint venture Ocean Network...
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CMA CGM-operated ship targeted by Houthis for second time

Container News Team - 0
UK Maritime Trade Operations (UKMTO) said in an incident report that on 30 August, around 17:00 UTC, two missiles exploded near the 2002-built 2,500...
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Wan Hai: Newbuildings not aimed at surpassing any peer

Container News Team - 0
Wan Hai Lines has countered speculation that its recent newbuilding orders are aimed at breaking into the world's 10 largest liner operators and displacing...
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Chinese ports exceed 190 million TEUs in 2024 so far

Ioanna Kontos - 0
Chinese ports handled 190.9 million TEUs from January to July, marking an 8.3% year-on-year increase. In July, Shanghai Port recorded a container throughput of 4.84...
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Port News

Stakeholder coalition joins Port of Portland to maintain container service at Terminal 6

Ioanna Kontos - 0
The Port of Portland, supported by a coalition committed to marine container shipping in Oregon, presented Oregon Governor Tina Kotek with a detailed business...
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COSCO constructs twelve 14,000 TEU methanol-fuelled vessels

Ioanna Kontos - 0
On 29 August 2024, COSCO SHIPPING Heavy Industry and COSCO SHIPPING Container Lines signed a contract in Shanghai for the construction of twelve 14,000...
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Panama Canal introduces new long-term slot allocation method

Ioanna Kontos - 0
The Panama Canal announced that the new Long Term Slot Allocation (LoTSA) methodology will be implemented starting 1 October 2024, for all market segments...
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Rates are on 12-month slippery slope, says Linerlytica

Container News Team - 0
Freight rates will fall by 70% in the coming year according to Linerlytica, but Xeneta claim that for such a decrease to occur it would...
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Tanker still on fire days after Houthi onslaught

Container News Team - 0
An oil tanker is still burning six days after being attacked by the Houthis in the Red Sea. The 2006-built Suezmax tanker, Sounion, has become...
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Yang Ming buys more chartered ships

Container News Team - 0
Taiwanese liner operator Yang Ming Marine Transport continues to expand its owned fleet by prematurely ending the charters of two 12,000 TEU ships. The company...
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Floods cripple export-import in Bangladesh as main highway swamps

Container News Team - 0
Movement of export-import cargo-laden trucks and other vehicles through the Dhaka-Chittagong highway was disrupted severely as a devastating flood in Bangladesh has inundated roads,...
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News

HD Hyundai offloads all its HMM shares

Container News Team - 0
HD Hyundai, which heads South Korea’s largest shipbuilding group, has sold all its shares in compatriot flagship carrier HMM, dispelling any notions that it could...
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Wärtsilä Signs New Contract with Alpha Gas

News Giannis Nikolakis - 0
Wärtsilä has entered into a five-year Lifecycle Agreement with Athens-based Alpha Gas, covering two LNG carriers equipped with Wärtsilä 34DF engines. The deal, booked...
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Bureau Veritas launches unified cybersecurity business

News Giannis Nikolakis - 0
Bureau Veritas has officially launched “Bureau Veritas Cybersecurity,” merging its recent acquisitions Secura and Security Innovation into a single global entity. This new organization...
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Kalmar launches next-generation lithium-ion battery technology

News Antonia Saratsopoulou - 0
Kalmar has announced the launch of its second-generation lithium-ion (Li-ion) battery technology, bringing a significant performance boost to its lineup of electric counterbalanced cargo-handling...
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Kongsberg Maritime to supply propulsion system for Colombian Navy

Out of the Box Giannis Nikolakis - 0
Kongsberg Maritime has secured a contract with Damen Naval to provide twin Controllable Pitch Propellers (CPP) and shaftlines for the Colombian Navy’s upcoming frigate,...
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ECT Euromax moves closer to emission-free operations

News Antonia Saratsopoulou - 0
Hutchison Ports ECT Rotterdam (ECT) kicked off its ambitious plan to electrify its operations at the Euromax terminal. ECT celebrated the signing of the “E-HERO”...
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