CRS releases new report on Constellation-class frigate program The Congressional Research Service (CRS) on Dec. 19 released an updated report "Navy Constellation (FFG-62) Class Frigate Program: Background and Issues for Congress." The CRS reports provides a very detailed big picture
EUKOR inks "historic" $4.2BN contract with Hyundai and Kia EUKOR Car Carriers, part of the Wallenius Wilhelmsen group, reports that has renewed its contract with Hyundai Motor Group members Hyundai Motor Car and Kia Motor Car corporations, increasing both duration and
Does Automated Trading Work? Unveiling the Truth for Traders Navigating the Automated Trading Landscape Understanding the Basics of Automated Trading Imagine stepping into the world of trading where a program becomes your smart, decisive companion in executing trades. Automated trading does exactly that-it uses a software program to enter and exit trades based on criteria you establish in advance. By setting up rules for tasks like opening orders and setti
DP World, NLC launch direct service between Pakistan and Bangladesh DP World and NLC have shipped more than 1,000 containers between Pakistan and Bangladesh since launching the first direct shipping route between the two countries in October. The latest shipment onboard the Yuan Xiang Fa Zhan left Karachi and is set to arrive at Bangladesh's Chittagong Port on 11 January with a variety of goods, including industrial raw materials, agricultural products, and texti
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), National Environment Agency (NEA), National Parks Board (NParks) and Sentosa Development Corporation (SDC) said that a processing unit that produces diesel at Shell's Pulau Bukom refinery has been shut down to facilitate investigations. The refined
Port of Oakland on track to return to pre-Covid volumes Port of Oakland's total cargo volume shot up 10% year-to-date, January through November 2024, compared to the same period in 2023. "We are optimistic that strong container volume will continue through the end of the year," pointed out Port of Oakland Manager of Business Development and International Marketing Carolyn Almquist. "We expect to be on track to return to our pre-pandemic baseline cargo
Canadian ports as strategic alternative in Transpacific trade: The case of Prince Rupert In the ever-evolving landscape of global trade, the reliability and efficiency of maritime shipping routes are paramount. This is particularly true for the Transpacific trade route, which serves as a critical conduit for commerce between Asia and North America. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating T
AD Ports completes restructuring of Noatum Group assets AD Ports Group has announced the completion of a major restructuring in its corporate history, integrating the assets of the recently acquired Noatum Group into its existing business structure. The integration of Barcelona-based Noatum Group, a vertically integrated provider of global logistics services with activities in 32 countries and 16 terminals in Spain, aims to leverage Noatum's internati
Annual Review: Stock Performance of Major Container Shipping Companies The year 2024 was pivotal for the global container shipping industry, shaped by a complex interplay of economic recovery, geopolitical tensions, and evolving trade dynamics. The ongoing Israel-Palestine conflict, coupled with escalating tensions in the Middle East, including the Red Sea crisis, disrupted key shipping routes and elevated fuel prices. These developments created significant bottlene
Container ship ordering hits new record in 2024 This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container News .
Hutchison Ports enhances Thai box terminal with new cranes Hutchison Ports Thailand's Terminal D received four additional remote controlled super post panamax quay cranes and eight remote controlled rubber tyred gantry cranes, all electrically powered, on 18 December. This batch of quay cranes will be the largest in Thailand, have an outreach of 24 rows, and be capable of handling boxes stacked up to 10 high above the vessel deck. With this additional eq
Wallenius Wilhelmsen unit lands $4.2bn deal with Hyundai and Kia Wallenius Wilhelmsen's car carrier operator, Eukor, has secured a new and improved contract with Hyundai Motor Group. Wallenius Wilhelmsen said Friday that the term of the renewed deal has been increased from three to five years while the share of Korean exports will also be expanded from 40% to 50%. The Oslo-listed company, which owns ...
Chinese firm reveals plans to build pipelaying vessel CNOOC subsidiary, China Offshore Oil Engineering Co (COOEC), has revealed plans to build a specialised pipe-laying vessel. The company said that the pipelayer would be built by COOEC's self-owned funds and the total investment would be around RMB 1,375,256,800 ($188.4). The board of directors has already given the go-ahead for the plan. The vessel will ...
NKT scores $1bn cabling deal in Germany with TenneT Danish offshore cabling specialist NKT has been awarded two turnkey projects in Germany under a multi-year framework agreement with transmission system operator TenneT. TenneT has selected NKT to provide 525 kV XLPE HVDC on- and offshore power cable systems for two projects. The scope involves cable design, engineering, production, as well as installation on and ...
Samudera sets up shipbroking unit in Singapore Indonesia's Samudera Shipping has established a shipbroking business in Singapore. The Singapore-listed diversified owner said in a filing it had incorporated a wholly-owned subsidiary Samudera Ship Brokers on Thursday. The new company will mainly be involved in ship brokering, port, shipping and maritime related consultancy services, Samudera said. Established in 1993, Samudera today operates a
Equatorial books LNG bunkering newbuild at CIMC SOE Singapore marine fuel supplier Equatorial Marine Fuel Management Services has ordered an LNG bunkering newbuild at Chinese gas shipbuilding specialist Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE). Price and delivery details for the 20,000 cu m vessel have not been disclosed. The 160-m-long newbuild will sport the latest WINGD dual-fuel main engine and iCER ...
Trump claims Chinese troops run canal. 'Nonsense,' retorts Panama's president Donald Trump won't be inaugurated until January 20 but he has already sparked an international incident involving the Panama Canal...
Transpacific spot rates rise ahead of strike threat at US ports Higher transpacific rates drove gains for the Shanghai Containerized Freight Index in the past week. With a potential strike at...
Maersk denies Houthis struck boxship in Arabian Sea Maersk have denied the Houthis' claim they struck the Maersk containership Santa Ursula in the Arabian Sea with drones. Vessel-tracking data...
Russia-linked cable-cutting tanker seized by Finland 'was loaded with spying equipment' Eagle S, the Russia-linked tanker suspected of damaging an underwater electricity cable on Christmas Day, was kitted out with special...
PSA Singapore hits new throughput record of 40m teu in 2024 With the new throughput record, the port of Singapore has cemented its position as the world's largest transhipment hub and...
Greek shipping companies to pay $4.5m in US pollution case Greece-based Avin International and Kriti Ruby Special Maritime Enterprises, the operator and registered owner of the Greece-flagged tanker Kriti Ruby...
MOL rolls out employee stock purchase incentives Japanese shipping group is incentivising employees to purchase company shares to boost engagement and align workers with a long-term view
Four reported dead as Israel strikes Houthi ports and infrastructure Israel launched another round of strikes against the Houthis on Thursday, targeting ports, power plants and the airport in Sana'a...
Finland police seize Russian-linked dark fleet tanker Eagle S in cable-cutting investigation Cook Islands tanker suspected of damaging Estlink 2 cable and possible other damage by police investigating aggravated vandalism on the...
Dark fleet tanker reportedly detained off Finland after undersea cable cut This is the second suspected sabotage after China-flagged bulk carrier Yi Peng 3 spent nearly a month in international waters...
Tariffs, ILA tension, early Lunar New Year boost Q1 trans-Pacific forecast Most US retailers say they have frontloaded sufficient inventory from Asia to get them through the first quarter, but planning import volumes and supply chains beyond that point remains problematic.
International intermodal market enters "constrained" 2025: analyst The considerable intermodal ocean volumes that ordinarily would have moved in 2025 have likely been pulled forward into 2024, writes analyst Larry Gross.
Reefer market growth in 2025 filled with risk Extended voyages around southern Africa are currently tying up both refrigerated equipment and vessel capacity, making reefer shippers particularly vulnerable to disruptions.
Continued volatility to keep container line profits on course in 2025 Despite a glut of capacity on the water, Suez Canal diversions and healthy volumes will keep container shipping vessel supply tight, analysts predict.
K Line postpones dry bulk investments and pumps cash into 'carbon neutral' businesses Japanese shipowning group aims to return more cash to shareholders in dividends going forward
Owner of ship accused of not helping stricken Russian seafarers hits back General cargo ship went down off the coast of Spain after an engine room explosion
Samsung bags $500m order for ultra-large ethane carriers Deal inked with Asian shipping company for delivery at the end of 2027
Shipowner Asia Pacific swoops on South Korean supramax trio Rapidly growing private player sets its mind on expanding in bulkers as well
Jens Moje to step back from Germany's Elbdeich Group Founding partner will continue to be an investor in the shipowner
NATO to ramp up infrastructure defence after third suspected Baltic Sea sabotage Estonia government says it is proposing UNCLOS amendments while Finish customs 'seize the cargo'
Red Sea crisis costs Egypt $7bn as Suez Canal revenues plummet But Egyptian president Abdel Fattah El-Sisi orders completion of projects
Eukor Car Carriers renews 'historic' $4.2bn deal with South Korean car makers Contract with Hyundai and Kia will also involve additional volumes from China
Equatorial Marine orders small-scale LNG carrier for bunkering trade New vessel will have a cargo containment system with a lower boil-off rate
A shooting, an accidental death and a downed bridge: The most shocking stories of 2024 The last year has been full of jaw-dropping shipping news stories
Idan Ofer is completely out of Zim. Will this change the New York-listed liner company's dividend policy? Ofer's Kenon Holdings reveals it has realised about $2.1bn from its investment in New York-listed liner company
PSA Singapore handles 40m teu in 2024, smashing 2023 record The company handled 38.8m teu in 2023
Idan Ofer is completely out of Zim. Will this change the New York-listed liner company's dividend policy? Ofer's Kenon Holdings reveals it has realized about $2.1bn from its investment in New York-listed liner company
Red Sea attacks cost Egypt $7 billion in Suez Canal revenue Suez Canal revenues have suffered an abrupt 60% decline y/y as vessel operators divert services away from the Red Sea.
Panama's president rejects Trump's claim of Chinese interference at canal Panamanian President José Raúl Mulino rejected President-elect Trump's claims of Chinese interference and high fees to use the Panama Canal.
Port of Oakland expects return to pre-pandemic cargo volumes The Port of Oakland saw loaded imports post year-over-year gains in November, the 13th straight monthly increase for the Northern California hub.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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