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HMM follows MSC and CMA CGM, turning to pre-owned boxships

High charter costs have made HMM join two giant ocean carriers MSC and CMA CGM in buying elderly secondhand feeder ships. HMM’s spokesperson told Container...

Veson Nautical to acquire VesselsValue

Veson Nautical, a marine freight management solutions provider, announced its intention to acquire the UK online pricing platform VesselsValue. The amount of the possible transaction...

Container ship demolition sales surge in January

The first month of 2023 was the busiest month for container vessel demolitions since July 2020, according to a recent VesselsValue report. A total of...

India signals change through vessel age limits

India is taking further steps to lower the footprint that their shipping trade leaves. It is understood that a number of measures will be...

Congestion, a big piece of the supply and demand puzzle

Introduction Dry bulk and container shipping markets have exhibited sharp declines in earnings over the summer. Many have attributed this to a drop in congestion....

Felixstowe strike poses challenge to supply chains

Port workers at Felixstowe are set to strike for eight days from Sunday 21 August until Monday 29 August, after rejecting the latest pay...

Supply chains backed up on US East Coast, but free flowing pockets remain

Several major container ports on the US East Coast are experiencing elevated levels of congestion, but a few remain relatively free flowing and uncongested. As...

Record prices for container newbuild vessels

Boxship newbuilding prices are hitting new all-time highs, as container freight levels show no sign of a substantial correction anytime soon. VesselsValue shows that on...

VesselsValue: Newbuild Report 2021

2021 was a record-breaking year for the maritime industry. The spread of three major Covid-19 variants had substantial repercussions for shipping: labour shortages, port...

Why the West may sanction Russian shipping companies before it sanctions oil & gas

The outbreak of war in Eastern Ukraine has raised fears about the impact of further sanctions on global energy markets, coupled with the UK...
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BIMCO approves management agreement for autonomous vessels

BIMCO’s Documentary Committee has recently approved the AUTOSHIPMAN agreement to support the increasing number of remotely controlled vessels. The AUTOSHIPMAN deal establishes a standardized contractual...

Shipnet appoints two new directors

Norway-based maritime technology company, Shipnet has strengthened its senior leadership team with the appointment of a new finance director and HR director. Paula Summers, who...

Maersk names its new dual-fuel methanol container ship

On 9 October, A.P. Moller - Maersk named its latest dual-fuel methanol container vessel “Alexandra Maersk”. UK’s Maritime Minister Mike Kane, representatives of the International...

East Java Multipurpose Terminal could operate as “weight lifter” for Indonesia

The recent inauguration of the East Java Multipurpose Terminal (EJMT) marks a significant development in Indonesia's maritime infrastructure, particularly for the bustling region of...