Container explodes on Yang Ming ship in Ningbo
NINGBO : One of Yang Ming Marine Transport’s ships suffered an explosion on 9 August around 1.40 pm local time, while berthed in Ningbo, China. Video footage taken
King Abdulaziz Port sets record with 20,645 containers handled on single ship
RIYADH : Saudi Arabia’s maritime sector is experiencing significant expansion, highlighted by the King Abdulaziz Port in Dammam achieving a milestone in container handling. The port recently set
New International Land-Sea Trade Corridor connects 523 ports worldwide
BEIJING : Over the past five years, the New International Land-Sea Trade Corridor has expanded its reach to 523 ports in 124 countries and regions. Launched in 2017,
Ulsan Port Authority signs equity investment agreement to create publicly-led alternative marine fu
SEOUL : Ulsan Port Authority (UPA) has announced that it signed an equity investment agreement worth US$17.6 million with Hyundai Oil Terminal Corporation on 1 August 2024, to
Containership and port operators face a host of issues as peak season arrives
NEW YORK : The first half of 2024 hasn’t been particularly kind to shippers, global containership operators, and U.S ports. They’ve dealt with rebel attacks on ships transiting
Wilson Sons recognised as most innovative companies in Brazil in 2024, according to a PwC survey
RIO DE JANEIRO : Wilson Sons, a leader in port and maritime logistics in Brazil, was recognized, for the second year running, as one of Brazil’s most innovative
Bangladesh apparel exporters race against time amid sea, air freight congestions, fare hike
DHAKA : Bangladeshi apparel exporters are grappling with multiple challenges in dispatching their products, even by costly air freights, as their lead times are dwindling due to disruptions
African Development Fund grants the Union of the Comoros $135 million to develop its ports and facil
ABIDJAN : The Board of Directors of the African Development Bank Group has approved a $135 million package to the Union of the Comoros – its largest ever
MPA Singapore partners with Microsoft
SINGAPORE : The Maritime and Port Authority of Singapore (MPA) signed a memorandum of understanding (MoU) with Microsoft on 29 July to collaborate in innovative technologies including cloud
Nitin Gadkari emphasises importance of Chabahar Port in strengthening bilateral and regional trade d
TEHERAN : Union Minister Shri Nitin Gadkari attended swearing-in ceremony of Iranian president Masoud Pezeshkian in Iran. “We look forward to continued collaboration and mutual growth, reaffirming our