Why shipowners are not investing in tanker and bulker newbuildings
SINGAPORE : In a discussion on where shipping markets were headed in 2023 the container sector is still waiting to settle on a new normal, while volatile bulker
Port of Singapore surpasses 37 million TEUs in second busiest year in history
SINGAPORE : Port of Singapore has reported a container throughput of 37.3 million TEUs in 2022, which represents a slight decline of 0.7% compared with the all-time record
Hapag-Lloyd : New container transshipment hub in the East Med
EGYPT : Hapag Lloyd‘s transshipment terminal with an annual throughput capacity of 3.3 million TEUs is under construction . A state-of-the-art transshipment terminal with an annual handling capacity
MSC continues support for Team Malizia’s remote ocean data collection during round-the-world saili
GENEVA : Scheduled on 15 January a six-month-long sailing race will start from Alicante, Spain for a journey around the globe. Skippered by Boris Herrmann, and supported by
PIL successfully launched first Block Train in Africa
SINGAPORE : As PIL continues to roll out its new intermodal services, it is pleased to announce the successful launch of its First Block Train Service in Africa
Hapag-Lloyd acquires stake in the Spinelli Group
HAMBURG : The responsible antitrust authorities have approved Hapag-Lloyd’s acquisition of a minority stakenin the Spinelli Group, after signing took place in September 2022. With closing of thetransaction,
MSC starts new Shosholoza Feeder Service from Coega to Cape Town
GENEVA : In response to the demand for a regular reliable service ex Far East / Europe to Cape Town, MSC will introduce a dedicated feeder ex Coega
Suez Canal expected to earn over $8.5bln in 2023
EGYPT : Revenues of Suez Canal are expected to reach $8.70 billion in 2023, Chairman of the Suez Canal Authority (SCA), Osama Rabie, said. On Monday, cargo ship
Flexport is cutting 20% of employees, 4 months after Amazon boss Dave Clark took over the buzzy supp
CALIFORNIA : Flexport, a supply chain startup with an $8 billion valuation, told employees on Wednesday it is laying off 20% of staff as a result of the global downturn
Sea-Intelligence reports volume shrinking in North America West Coast
DENMARK : Sea-Intelligence noted in its latest report that when annualised against 2019, volume growth on the North America West Coast (NAWC) stagnated during the first two months