New investments announced for the NY-NJ harbor
NEW YORK : The Port Authority of New York and New Jersey has outlined a multifaceted package of significant investments in partnership with the U.S. Army Corps of
UMAS evolves to better serve the shipping sector’s decarbonisation needs
LONDON : UMAS, formerly a close collaboration between the UCL Energy Institute shipping research group and UMAS International Ltd, is to take on a new configuration to better
Bernhard Schulte Shipmanagement appoints new board member Bjoern Sprotte as CPSO
HAMBURG : Bernhard Schulte Shipmanagement (BSM) is pleased to announce the appointment of Bjoern Sprotte as Chief People and Sustainability Officer to the Management Board, effective 1 June
Container shipping rates going to rise high again
ATHENS : Container shipping rates are on the rise once more. In its latest weekly report, shipbroker Xclusiv said that “container shipping rates are soaring, nearing record highs
India is planning connectivity trial runs with Middle East Ports to drive forward IMEC
NEW DELHI : India is exploring connectivity trial runs with Middle East; and the first phase would involve linking one port on the country’s west coast with its
Singapore Tuas Port to add three more berths to ease vessel wait time
SINGAPORE : Three new berths will start operations at Singapore Tuas Port later this year to tackle extended waiting times for ships after Red Sea shipping tensions boosted
Yang Ming to join league of 24,000 TEU ships
TAIPEI : Yang Ming Marine Transport’s management has hinted that the company will enter the league of 24,000 TEU boxship owners. Speaking at a shareholders’ meeting after releasing
Houthis claim missile attack on US Navy aircraft carrier in the Red Sea
YEMEN : Yemen’s Houthis, an Iran-aligned group, on Friday said they had launched a missile attack on the United States (US) aircraft carrier Eisenhower in the Red Sea
Pakistan and European shipping firm expected to sign $2 billion investment agreement by October
KARACHI : Pakistan is expected to sign a $2 billion investment deal with a European shipping firm by October this year, the Pakistani maritime affairs minister said on
Investors’ changing preferences for new ships
Dramatic changes in shipping investors’ emphasis on newbuilding orders have unfolded in the past few years, causing divergent orderbook profiles. Some further shifts, perhaps equally striking, can be