Maersk upgrades full-year guidance
COPENHAGEN : On the back of continued strong container market demand and the disruption caused by the ongoing crisis in the Red Sea, A.P. Moller – Maersk now
COSCO switches 16,000 TEU quarter to run on methanol
SHANGHAI : COSCO Shipping Lines has announced that it will switch four 16,000 TEU newbuildings to be dually fuelled with methanol, from conventional fuel. The company said this
Regional Container Lines (RCL) Unveils State-of-the-Art Vessel 7,080 TEUs
THAILAND : Regional Container Lines Public Company Limited (RCL), a leading Thai global shipping company, proudly announced the launch of its newest vessel at a distinguished vessel-naming ceremony
COSCO SHIPPING Holdings launches new Mexico Express Service
SHANGHAI : COSCO SHIPPING Holdings is proud to announce the successful launch of its Mexico Express Service (WSA5). This milestone was marked by the inaugural docking of the
Maersk faces significant port congestion in Asia and Mediterranean
OSLO : Maersk faces significant terminal congestion in Mediterranean and Asian ports, causing substantial delays in its vessel schedule, the Danish Shipping Group said in a statement on
PICT handled first-ever reefer container at Paradip Port
PARADIP : Paradip International Cargo Terminal(PICT) made history at Paradip Port with the first-ever refrigerated container (reefer) transport from PICT berth. The reefer container of B one was
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
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
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
