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New port in Tibar Bay launches activities

Timor-Leste, a Southeast Asian country, inaugurated the new deepwater port of Tibar Bay, a new maritime gateway to the Asia-Pacific region. H.E. Dr José Ramos...

Timor Port receives new equipment as part of major US$500 million investment

Timor Port, a subsidiary of Bolloré Ports, received two tugs, two ship-to-shore (STS) gantries, and four rubber-tyred gantry (RTG) cranes for the enhancement of...
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WiseTech Global takes over Australian GTM solution provider

WiseTech Global, developer of the CargoWise logistics platform, has announced an agreement to acquire BSM Global, an Australian-based provider of global trade management (GTM)...

Weekly Highlights of Container Shipping Companies Stocks

The container shipping sector experienced a dynamic week marked by fluctuations in stock prices, reflecting broader economic trends, trade dynamics, and geopolitical developments. Amid concerns...

Evergreen diversifies into real estate to manage volatility

Evergreen Marine Corporation (EMC) has invested US$153 million to acquire real estate in New Jersey, US. The Taiwanese liner operator’s president, Wu Kuang Hui, said...

How US agencies made a success of “complex” Dali salvage

All salvage operations are complex and have their own particular challenges, but few recoveries can have had so many elements of potential danger as...