COVID pandemic wiped 24.6 million TEU off container market growth : BIMCO
LONDON : “Due to the COVID-19 pandemic, the global container market grew only 1.5% from 171.0 million TEU in 2019 to 173.5 million TEU in 2023. Without the
Baltimore bridge collapse could yield the largest maritime insurance losses
BALTIMORE : The Baltimore bridge collapse could cost up to $4 billion in insured losses, which would make it the most expensive incident involving a ship collision for
Maersk implements new PSS from Asia
COPENHAGEN : Maersk is implementing the Peak Season Surcharge–PSS for China from China to Dar es Salaam, Tanzania effective 22-Apr-24 for all 20 dry, all 20 reefer, all
Jebel Ali Port returns to top-10 busiest container ports
DUBAI : Alphaliner’s report said the Middle East’s largest container port, Dubai/Jebel Ali, has re-entered the top 10 ranking of global container ports, overtaking Europe’s biggest port and
HMM to double fleet by 2030 in major expansion plans
SEOUL : HMM will double its fleet to 240 vessels by the end of the decade, it has revealed in its mid-to-long-term strategy published shortly after a sale of
Hapag-Lloyd and Seaspan to retrofit five vessels to methanol propulsion
HAMBURG : Hapag-Lloyd and Seaspan Corporation enter into a partnership agreement to retrofit and convert five 10,100 TEU container ships powered by conventional MAN S90 engines to dual-fuel
Port of Portland to stop Terminal 6 container services in October
PORTLAND : Nearly three months after requesting additional funding from the state, the Port of Portland has announced that container terminal services will end in the fall. As
ClassNK grants Innovation Endorsements for Products & Solutions to three solutions developed by
TOKYO : ClassNK has granted its Innovation Endorsements for Products & Solutions*1to an internet payment facility ‘V.Pay’, an AI maritime camera surveillance solution ‘V.Sight’, and a wearable AR
Methanol Institute and SEA-LNG unite against EU trade barriers to biomethane and biomethanol fuels
BRUSSELS : The Methanol Institute (MI) and SEA-LNG, key representatives of the methanol and liquefied natural gas (LNG) industries respectively, express their deep concerns following the recent announcement
ClassNK commences joint research project with JAXA on material compatibility evaluation methods for
TOKYO : ClassNK has commenced joint research with the Japan Aerospace Exploration Agency (JAXA) to establish an evaluation method for the compatibility of ship materials with liquefied oxygen