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Sinotrans 2023 annual results briefing: Key insights

Sinotrans Limited held its 2023 Annual Results Briefing on 25 March 2023, with important presences including Song Rong, the executive director and general manager,...

Dali owners seek to limit damages payments

Grace Ocean, the owner of the 10,000 TEU ship that collided with Baltimore’s Francis Scott Key bridge, has filed a petition asking the courts...

President of Pacific Merchant Shipping Association retires after almost three decades

The Pacific Merchant Shipping Association (PMSA) announced the retirement of its President, John McLaurin, today (2 April) after 29 years of service. "It has been...

Folk Maritime announces new Chief Operating Officer

Folk Maritime, a Saudi container line that has recently launched operations, has officially appointed Mohamed Badawy as Chief Operating Officer of the company. "Badawy's extensive...

Hapag-Lloyd appoints new Managing Director Fleet

Starting on 1 April 2024, Silke Lehmköster took over the role of Managing Director Fleet at Hapag-Lloyd, being responsible for Fleet Management, Fleet Innovation...

GAC Malaysia forms JV with Uminaca to boost logistics capabilities

GAC Malaysia has entered into a Joint Venture (JV) with Syarikat Uminaca Sdn Bhd, a provider of manpower and stevedoring services in Malaysia. This strategic...

End of Red Sea crisis to reignite container shipping challenges

Clarksons’ latest container shipping report said that weak “underlying” supply-demand fundamentals will materialise once the Red Sea disruption regresses. Boxship fleet growth is estimated at 9%...

With Baltimore out, Maersk plots alternative services through eastern North America

Maersk Line is ready to offer services through several gateways from eastern Canada, down to the southern Atlantic Ocean and US Gulf, as it...

WEC Lines announces full rebranding

W.E.C. (West European Container) Lines B.V. is undergoing an official name change to WEC Lines B.V., operating under the trade name WEC Lines, and...

Morgan Stanley confirms investment in Pasha Group

The American multinational investment bank and financial services company Morgan Stanley has decided to provide an unsecured term loan to The Pasha Group, a...

AD Ports Group exceeds US$3 billion revenue in 2023

In 2023, AD Ports Group's financial achievements were evident, highlighted by a remarkable revenue surge of 112% year-on-year, reaching US$3.2 billion. The yearly performance showcased...

Engineers to open temporary access to Baltimore port

The US Corps of Engineers, who are working to remove the Wreckage of Baltimores Francis Scott Key bridge, will open a temporary channel on...

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BHP Charters Ammonia-Fuelled Bulk Carriers from COSCO

According to Reuters, BHP has signed a new charter agreement with COSCO Shipping for two ammonia dual-fuelled Newcastlemax bulk carriers, reinforcing the Australian mining...

Wärtsilä Signs New Contract with Alpha Gas

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...

Bureau Veritas launches unified cybersecurity business

Bureau Veritas has officially launched “Bureau Veritas Cybersecurity,” merging its recent acquisitions Secura and Security Innovation into a single global entity. This new organization...

Kalmar launches next-generation lithium-ion battery technology

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...

Kongsberg Maritime to supply propulsion system for Colombian Navy

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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