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Two ships sink around Singapore

Two ships encountered distress around Singapore waters over the weekend. In the first incident, a Vietnamese general cargo ship, Dolphin 18, capsized 274 nautical...

Carpenter dies after bulker accident in Kaohsiung

A 26-year-old carpenter working on a cargo hold in a ship anchored in Taiwan's Kaohsiung port died on 8 January, after a cable broke...

DB Schenker opens air cargo route between China and Germany

On 7 January, DB Schenker launched a new Ezhou-Frankfurt regular cargo route with the inaugural flight of a Boeing 777 freighter from the Chinese...

WFS establishes fourth warehouse in Copenhagen

Worldwide Flight Services (WFS), a SATS company, is set to open a fourth warehouse at Copenhagen Airport in Denmark to support the growth of...

Record cruise season for Port of Bilbao

The 2024 cruise season at the Port of Bilbao in Spain commenced on 5 April, marking a record-breaking year with the arrival and departure...

Shell’s Singapore refinery suffers second oil leak in two months

Yet another oil spill has affected oil major Shell’s refinery in Singapore. A joint statement from the Maritime and Port Authority of Singapore (MPA),...

New multipurpose ship joins Grimaldi fleet

With the delivery of the Great Cotonou on 20 December at the Hyundai Mipo Dockyard Co. Ltd shipyard in Ulsan, South Korea, the Grimaldi...

DP World makes history with first Blue Bond in the Middle East

DP World has launched a landmark US$100 million Blue Bond to fund sustainable initiatives in marine transportation, port infrastructure, pollution reduction, and water-positive projects. This...

Konecranes to deliver eight overhead cranes to manufacturing facility in Indonesia

Konecranes has secured an order to supply eight CXT overhead cranes to PT Beka Wire, Indonesia’s manufacturing facility in Subang. These cranes will support material...

Tanker market slows as market uncertainty and high values create headwinds

The bull market for tanker vessels that has been witnessed for most of 2024 is showing signs of slowing down according to a new...

Wärtsilä to supply cargo handling systems for three VLACs

Wärtsilä Gas Solutions, a division of the Wärtsilä technology group, has secured orders to deliver cargo handling systems for three new Very Large Ammonia...

DSV unveils first renewable energy assets in Sweden

DSV announced the launch of its first renewable energy assets at its warehouse facilities in Landskrona, Sweden. This major milestone marks an important step toward...

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AD Ports Group and Oylz Terminals to develop petroleum storage facility at Khalifa Port

AD Ports Group, one of the leading facilitators of global trade, logistics, and industry, has signed a 50-year agreement with UAE-based Oylz Terminals to...

Maersk appoints new Area Managing Director/President for Canada

A.P. Moller - Maersk (Maersk), a leading integrated logistics company, announced the appointment of Michelle Grose as the new Area Managing Director/President for Canada,...

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Digital advertising is the engine of modern marketing. Global ad spending is projected to reach $798.7 billion in 2025. Such massive spending brings with...

Saguenay Port’s first order brings electric Konecranes harbor crane to Canada

The Saguenay Port Authority in Quebec has placed an order for a Konecranes Gottwald ESP.6B Mobile Harbor Crane as part of a new cargo-handling...

Market Analysis: Understanding Intrinsic Value

UK financial markets experience significant volatility, with FTSE 100 companies averaging 1.7% daily price fluctuations in 2023. This volatility often creates disconnects between market...
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