Fourteen months after proposing its investment in the Port of Hamburg’s Hamburger Hafen und Logistik Aktiengesellschaft (HHLA) and despite political and labor opposition, MSC Mediterranean Shipping Company completed the transaction yesterday, November 28. The new joint venture was completed with the City of Hamburg holding...
UK-Barbados diplomatic discussions result in moratorium on new Russia-affiliated ships joining the rapidly growing Barbados flag, while a decision not...
Carriers are continuing their efforts to ensure space and strengthen their port operations through investments. Both Ocean Network Express (ONE) and Evergreen this week took steps to strengthen their position in Asia to support network operations. ONE announced an investment in Jakarta, Indonesia’s New Priok Container...
Recent big boxship orders placed by Hapag-Lloyd and Maersk have pushed firm newbuilding contracts placed since January to almost 4m...
[Brief] On Monday, a commercial fishing vessel began taking on water and sank just off the coast of Galicia, according to local search and rescue authorities. On Monday, the 2005-built fishing vessel El Cañavera reported that it was in danger of sinking just one nautical mile...
John Fredriksen-owned Avance Gas says it will put shareholders and ‘industrial logic’ before growth and pay a huge $268m dividend...
A judge in New Zealand announced the verdict in a first-of-its-kind case that sought to hold a senior executive responsible in their role for protecting the safety of workers. The former CEO of Port of Auckland, Tony Gibson, was found guilty of failing to comply...
‘Throughout the quarter, and 2024, the container market has continued to experience considerable influence from geopolitical disruptions,’ said MPCC chief...
[By Lloyd’s Register] With OTG now part of LR and combined with LR OneOcean, LR is uniquely positioned to lead the way in maritime digitalisation and decarbonisation. Lloyd’s Register Group (LR), a global provider of maritime professional services and digital solutions, has completed the acquisition of?Ocean Technologies...
Big third-party shipmanagers are getting bigger and smaller ones are getting together in search of economies of scale Related StoriesThe week in newbuildings: MPV orders on the riseCould tough Trump tactics on China shrink markets for Western owners?Could tough Trump tactics on China shrink shipping markets...
