LONDON : The global pool of shipping containers is expected to contract in both 2023 and 2024, according to Drewry’s latest report on the container equipment market. “While stubbornly high levels of inflation in
TOKYO : According to data compiled by the Japan Maritime Center (JMC) using information from Container Trades Statistics (CTS), containerised exports from Asia to Europe reached 16.58 million TEUs in 2023. The Japan International
MUMBAI : Lancer Container Lines said that it has signed a long-term contract with SYMCON Industries for buying new range of ‘marine containers’. The company will acquire 1200 units of 20-feet general purpose dry
QINGDAO : CMB.TECH revealed the order on February 14, stating that the 1,400 TEU ice-class containership will be built at Qingdao Yangfan Shipbuilding in China. Expected to be delivered by mid-2026, Yara Eyde will
NEW DELHI : The world’s biggest manufacturer of shipping containers sees a surge in revenues from its hydrogen business, in a sign the clean fuel is starting to gain commercial traction. China International Marine Containers Group
LONDON : “In 2023, the container market grew 0.2% year-on-year, ending at 173.8 million TEU. Compared to 2019, before the COVID pandemic hit, the market grew 1.5%. Container market growth has lagged behind overall
SINGAPORE : Ocean Network Express (ONE) announced the introduction of the world’s first trial for a dual-temperature refrigerated container featuring Controlled Atmosphere (CA) capabilities, developed in partnership with Pan Pacific International Holdings Inc. (PPIH)
PANAMA CITY : Container ship transits of the Panama Canal have seen something of a renaissance as other vessel types avoid the waterway. The overall number of ships transiting the Panama Canal is down,
SINGAPORE : PSA International Pte Ltd (PSA) enjoyed a record-breaking year as it handled container volumes amounting to 94.8 million Twenty-foot Equivalent Units (TEUs) across its port terminals around the world for the year
LONDON : Inside a shipping container in the U.K. city of Sheffield, new technology uses water and renewable electricity to pull CO2 out of the air. Other companies are already using “direct air capture” machines to