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Red Sea Turmoil Boosts Fortunes for Chinese Container Producers

November 05, 2024 7005 Read More

China International Marine Containers (CIMC), the globe's leading container producer, has announced a fivefold increase in production in the first three quarters of the year due to a resurgence in

Weifang Port Achieves Milestone as China's First "Carbon-Neutral" Seaport

November 04, 2024 4897 Read More

Weifang Port has made history by becoming the first port in China to officially attain carbon neutrality, reflecting a significant commitment to decarbonizing the global shipping industry.On October 1

Strong Q3 for Maersk as It Prepares for Alliance Launch – No Bid for GXO

November 01, 2024 3104 Read More

Maersk has announced it will not pursue a bid for GXO, coinciding with the release of strong Q3 earnings. The company also reassured customers that it anticipates little to no disruption as it launche

Freight Rates for Principal Ocean Trades Out of India Remain on the Decline

October 25, 2024 7825 Read More

There appears to be no immediate end to the decline in freight rates on the major trade lanes from India, as head-haul volumes for container carriers continue to be constrained, according to industry

China Rail achieves record-breaking billion tonnes of rail freight in Q3

October 22, 2024 4468 Read More

China's drive to get more volumes onto rail tracks continues to pay dividends, with China State Railway Group (CSRG) having handled a record-breaking 1bn tonnes in Q3.CSRG reported a 3.8% yea

Uplift for Hong Kong's air cargo hub status, while container port declines

October 18, 2024 6399 Read More

Hong Kong government plans to further boost the SAR's international aviation hub status – in what appears to be a shift in China's logistics strategy – have been welcomed by local companies.

Box ship transits through Panama Canal hold steady, despite drought limits

October 17, 2024 4365 Read More

Despite the well-publicised drought that hampered its capacity, container vessel transits through the Panama Canal this year barely showed a dip, thanks to the carriers’ deep pockets.According to the

Air cargo spot rates hit 2024 peak, while Vietnam becomes a hotspot

October 14, 2024 6647 Read More

Air cargo spot rates have risen to their highest level this year, despite the recent Golden Week holiday in China.Tonnages fell by 7% week on week out of Asia Pacific, in the week to 6 October, WorldA

First LPG Gas Carriers Fitted with Sails for Wind-Assisted Propulsion

October 12, 2024 7106 Read More

Further demonstrating the growing interest in wind-assisted propulsion emerging in the industry, Anthony Veder, a leading operator of gas carriers, completed the first installation of wind-assisted pr

Alexandra Maersk Named as Maersk’s Fifth Large Methanol Containership

October 11, 2024 8954 Read More

A.P. Moller - Maersk celebrated the naming of its latest dual-fuel methanol container vesselAlexandra Maersktoday at the Port in Felixstowe, England. The 16,000 TEU vessel is the fifth in the series a

Jumbo Adds Wind-Assisted Propulsion Using Ventofoils on Heavy Lift Vessel

October 08, 2024 2772 Read More

Jumbo, one of the leaders in heavy lift transport, has begun testing wind-assisted propulsion aboard one of its vessels. It is part of a program adding different elements to its vessels to measure the

Report: Developing World Ports Need $80M Each for Green Transition

September 30, 2024 3582 Read More

As shipping stakeholders convene this week for the IMO’s 82nd MEPC (Marine Environment and Protection Committee) session, the International Association of Ports and Harbors (IAOH) has released a new

BC Ferries Wants Five of the Largest Double-Ended Ferries to Update Fleet

September 18, 2024 4978 Read More

Canadian ferry operator BC Ferries is moving forward with its efforts to update its aging fleet while also addressing population growth and customer expectations after the company has been plague

First LNG Carrier to be Fitted with Wind Propulsion by MOL and Chevron

September 14, 2024 3833 Read More

Wind-assisted propulsion which has been emerging on bulkers and tankers will be extended to LNG gas carriers under a new agreement between Mitsui O.S.K. Lines and Chevron Shipping Company. The compani

HMM to Invest $17.5B to Double Container Fleet and Grown Bulk/Terminal Ops

September 12, 2024 4592 Read More

HMM provided an update on its strategy detailing an aggressive expansion plan that would double its containership fleet while dramatically growing and diversifying its operations in bulk cargoes.

Oregon's Port of Portland Rescue Plan Calls for Doubling Container Volume

August 30, 2024 3809 Read More

The Port of Portland, Oregon's only ocean-going seaport, submitted its revised comprehensive business plan to Governor Tina Kotek as part of the state's promise to lead a rescue of the financi

Electric Ro-Ro Freight Ferries Add LEO to Expand Autonomous Tests

August 26, 2024 8756 Read More

Two cargo barges introduced two years ago to ferry trailers across Norway’s Oslo fjord are set to begin their next phase of trials. Kongsberg Maritime which is operating the vessels reports in a coll

NYK to Provide Marine Transport for Green Ammonia Imports to Japan

August 23, 2024 8619 Read More

Marking the first steps toward the large-scale importation of green ammonia to provide fuel for Japan’s power generation industry, NYK (Nippon Yusen Kaisha) has entered into an agreement to provide m

Britain Invests $35 Million in the DRC's First Modern Seaport

August 22, 2024 5187 Read More

UK development finance institution British International Investment is taking a $35 million stake in DP World's new container port in the Democratic Republic of Congo, helping to bring modern logi

Oman's Port of Salalah Adapts to Red Sea Disruption

August 12, 2024 4861 Read More

Oman’s Port of Salalah has reported recovery in cargo traffic after a significant decline in container throughput earlier this year. This was primarily attributable to the ongoing Red Sea crisis, for

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