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METRANS Group acquires 100% stake in Adria Rail

METRANS has acquired a 100% stake in Adria Rail, less than a year after it took over 51% of the company. Adria Rail is a...

Wärtsilä and Siem Offshore partner on fleet decarbonisation solutions

Siem Offshore is collaborating with technology firm Wärtsilä to diminish the carbon footprint of its fleet of 26 vessels. The company aims to cut CO2...

Hellmann joins forces with Hamburg’s digital hub as corporate partner

Hellmann Worldwide Logistics, a global family-owned company, has been actively collaborating with various start-ups for years to drive the digital transformation of the industry. Since...

European vessel owners launch defensive maritime security operation in the Red Sea

In response to increasing threats targeting commercial shipping, the European Union (EU) Council officially initiated the EU's defensive maritime security operation in the Red...

KEZAD Group and APT sign lease agreement for automotive aluminium plant

KEZAD Group signed a lease agreement with Al Ghurair Group subsidiary Automotive Precision Technology (APT) to establish an automotive aluminium component manufacturing facility. Spanning 30,000...

WeFreight appoints new global head of finance

WeFreight, a fast-growing freight forwarder with a digital focus on serving customers both large and small with a full range of products and services,...

CMB.TECH to own world’s first ammonia-powered container vessel

CMB.TECH announces the order of the world’s first ammonia-powered container vessel in partnership with Yara Clean Ammonia, North Sea Container Line and Yara International...

WEC Lines enhances its reefer container fleet

WEC Lines has decided to enter the refrigerated container market by adding 45ft reefer boxes to its container fleet. The company has added the first...

SeaLead unveils new ownership structure and management leadership shift

SeaLead, a rapidly expanding global shipping line, has announced a shift in its ownership structure and management leadership, reflecting a strategic move to fortify...

MPCC, Unifeeder partner on dual-fuel methanol boxship construction

MPC Container Ships (MPCC) has entered into joint retrofit agreements with various charter customers. Under these agreements, both the charterer and MPCC will share...

AD Ports surpasses US$3 billion revenue, achieves US$370 million profit in 2023

AD Ports Group has unveiled its preliminary financial results for the previous year (January-December 2023). In the previous year, AD Ports reported that revenue experienced...

Houthi missiles hit Greek ship

Lycavitos, a Greek-owned supramax bulk carrier, operated by Helikon Shipping Enterprises, was damaged by Houthi missiles in the Gulf of Aden yesterday (15 February)...

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CMA CGM introduces Red Sea contingency fee

Marseille-headquartered box line CMA CGM will implement a contingency charge from 1 March due to the additional expenses caused by rerouting services via the...

WEC Lines enhances its reefer container fleet

WEC Lines has decided to enter the refrigerated container market by adding 45ft reefer boxes to its container fleet. The company has added the first...

Crew from sunken cargo ship saved as South Korean president steps in

All 11 seafarers on a general cargo ship were rescued by the Korea Coast Guard shortly before their vessel sank, in an event that...

Red Sea Crisis: Spiralling ocean freight rates from Far East to US may have peaked

The Red Sea crisis sent ocean freight rates from the Far East to the US spiralling by more than 150%, but there appears to...

Wan Hai and ONE launch joint service to link Asia with US West Coast

Taiwan's ocean carrier Wan Hai Lines has announced the revamp of its Asia-Pacific Service (AP1), to enhance its current network on the United States...