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Major maritime companies to develop book and claim approaches aiming to accelerate shipping decarbonisation

Nine key players across the maritime value chain have issued a joint statement expressing their commitment to developing and implementing robust book and claim...

Container vessel sinks in Bangladesh waters

A boxship carrying 96 TEUs of containers sank during an intra-Bangladesh route from the port of Chittagong to the Pangaon Inland Container Terminal in...

Unleashing the Digital Revolution: Navigating the Future of Maritime Trade

The maritime trade industry is on the verge of a technological revolution that is fundamentally reshaping its operations. As digitalization takes hold, a new...

COSCO financial figures plunge in 2023

COSCO Shipping Holdings estimates that it suffered significant decreases in profit in the first half of 2023, compared with the same period last year. According...

MPC Container Ships sells last two joint venture-owned ships

Norwegian container tonnage provider MPC Container Ships ASA (MPCC) announced the sale of two joint venture-owned vessels, Cimbria and Cardonia, for US$42.5 million. The vessels,...

MPA Singapore and Lloyd’s Register MDH sign decarbonisation agreement

The Maritime and Port Authority of Singapore (MPA Singapore) and Lloyd’s Register Maritime Decarbonisation Hub (LR MDH) have signed a Memorandum of Understanding (MoU)...

AD Ports Logistics and Acino sign freight forwarding deal

AD Ports Logistics (ADPL), a subsidiary of AD Ports Group, and Acino, a Swiss pharmaceutical company that develops and manufactures medicines, have signed an...

Growing capacity combined with “invisible” peak season weakens container market

The peak season in the container shipping market should already be getting underway under normal circumstances, but, according to Danish maritime data analysis firm...

Two on duty security personnel died at Chittagong port yards

Two on-duty security personnel died in Chittagong port this week, one being hit by a straddle carrier while the other died after feeling ill. Of...

MSC builds 1 million TEU lead over Maersk

Mediterranean Shipping Company (MSC) has extended its capacity lead over Maersk Line, 1.5 years after surpassing its Danish rival as the largest liner operator. Following...

Maersk opens new Cold Store facility in Dubai

Maersk has announced the launch of a new Cold Store facility spread over 13,000 m² at Dubai Industrial City, a member of TECOM Group...

OOCL reports significant revenue decline amid steady box volumes

COSCO-owned Orient Overseas Container Line (OOCL) reported total revenues of US$1.98 billion for the second quarter, translating to a huge year-on-year 62.6% decrease, while...

Latest Posts

Roberts Bank Terminal 2 procurement process begins

The Vancouver Fraser Port Authority has officially launched the procurement process for the Roberts Bank Terminal 2 Project, issuing a request for qualifications to...

Hapag-Lloyd is pushing the growth of its Indian terminal joint venture with Mumbai-based J M Baxi Group

The German group owns 40% of J M Baxi Ports & Logistics, which operates a clutch of marine terminals across ports in India. Hapag-Lloyd has...

Ukraine’s ports reposition amid war

As war continues to reshape Ukraine’s geography, it is also redrawing its maritime map. Once centralized around a handful of traditional ports, the country’s...

AD Ports Group signs MoU with Critical Minerals Forum

AD Ports Group has signed a Memorandum of Understanding (MoU) with the Critical Minerals Forum (CMF) to build strategic cooperation focused on enhancing the...

U.S. container imports down 6.4% in May

According to a report from the Japan International Freight Forwarders Association (JIFFA), U.S. container imports fell 6.4% year-on-year in May, as major ports handled...
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