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 pandemic, that figure would have been
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 demonstrating the scale of the economic
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 engines capable of operating on methanol.
ClassNK grants Innovation Endorsements for Products & Solutions to three solutions developed by iO3
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 smart-glass solution ‘V.Sion’, developed by iO3
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 by the European Commission impacting the
ClassNK commences joint research project with JAXA on material compatibility evaluation methods for liquefied oxygen (LOX)
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 (LOX). The aim is to contribute
Iran agrees Indian officials can meet with 17 detained Indian crew members ‘soon’
TEHRAN : Iran said that it will allow Indian officials to meet with the 17 Indian crew members detained after its forces seized an Israel-linked ship MSC Aries “soon” after the issue was raised by External
Navy Chief Hari Kumar said the situation in Red Sea and Gulf of Aden as ‘fragile’
GOA : Chief of Naval Staff Admiral R Hari Kumar Sunday said the situation in the Red Sea and the Gulf of Aden region remains “fragile”, a day after Iran attacked Israel leading to