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AD Ports secures majority ownership in Georgia’s Tbilisi Dry Port

AD Ports Group has completed the acquisition of a 60% stake in Georgia's Tbilisi Dry Port, which is scheduled to be operational in October. This...

MSC, Hapag-Lloyd introduce more solo services ahead of alliance changes

MSC and Hapag-Lloyd have begun building up their capacity as both carriers prepare to leave their respective current alliances, according to Alphaliner’s report. MSC, which...

Sea-Intelligence analyses impact of potential ILA strike

The agreement between the US East Coast port workers’ union International Labour Association (ILA), and the terminals organization United States Maritime Alliance (USMX) expires...

Hapag-Lloyd falls short of US$800 million profit in first half

Hapag-Lloyd has reported decreased financial figures in the first half of 2024 with revenues of US$9.5 billion, EBITDA of US$2 billion, EBIT of US$900...

Yang Ming reports US$730 million H1 profit, reflecting strong financial performance

Yang Ming reported second-quarter consolidated revenues of US$ 1.65 billion, translating to a year-on-year increase of 50%. The company’s after-tax net profit and EPS reached...

Yang Ming vessel explosion reportedly linked to HMM-booked container

The container that exploded on Yang Ming's ship YM Mobility on 9 August was reportedly booked by the Taiwanese operator’s fellow THE Alliance member...

Shippers, carriers get ready for tighter customs rules at Singapore from September

Transport service stakeholders handling cargo movements via Singapore Port face a heightened operational challenge complying with a new set of customs rules due to...

YM vessel explosion at Ningbo-Zhoushan port raises serious safety concerns

A major explosion has occurred on a Yang Ming boxship while berthed at the port of Ningbo-Zhoushan in China in another incident that raises...

Houthis strike feeder boxship and tanker

One of Greek ship owner Contships Management’s container ships was hit by Houthi missiles on 8 August, along with a Suezmax oil tanker owned...

Container explodes on Yang Ming ship in Ningbo

One of Yang Ming Marine Transport’s ships suffered an explosion today (9 August) around 1.40 pm local time, while berthed in Ningbo, China. Video footage...

Tanker fire claims five lives, injures 15 seafarers

A domestic Indonesian tanker caught fire off the resort island of Bali around 3 am local time on 7 August, killing five crewmen and...

Suez Canal restart won’t solve container shipping turbulence, warns Lars Jensen

Shippers should expect ongoing volatility in container shipping freight markets through 2025. According to Lars Jensen, CEO of Vespucci Maritime, even with operations resuming...

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YIT Infra to lead major expansion at Helsinki’s West Harbour

The Port of Helsinki is set to begin a significant expansion of the southern end of West Harbour, aiming to accommodate growing traffic between...

Maersk announces changes to two services

Maersk has announced upcoming changes to its AMEX and Cape Town Express services, with plans to phase in and out vessels at the Port...

CMA CGM adds new vessel to VICTORY BRIDGE service

CMA CGM has announced the addition of a new vessel, OOCL VERACRUZ, to its VICTORY BRIDGE service, further reinforcing its commitment to service reliability...

AD Ports Group and Zhejiang Seaport Group team up

In a move that could reshape regional vehicle logistics, AD Ports Group has signed a preliminary strategic agreement with China’s Zhejiang Provincial Seaport Investment...

Saudi Arabia breaks ground on strategic logistics corridor

A major step forward for Saudi Arabia’s logistics infrastructure was marked, as HE Eng. Saleh bin Nasser Al-Jasser, Minister of Transport and Logistic Services...
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