Sea-Intelligence said there were indications of a weakness in the market in the second half of 2022, which has manifested fully in the first quarter of 2023. Revenues declined quite sharply, in the range of 35%-70% year on year, while in terms of earnings before interest and taxes (EBIT), there was a stark difference for […]

CMA CGM container vessel at the Port of Shanghai Chinese container ports have handled 95.4 million TEUs in the first four months of the year, translating to a year-on-year increase of 4.8%. The ports in China have also reported over 5.2 billion tonnes of cargo between January and April of 2023, representing a rise of […]

The first electrification project of the Valencian precinct will be launched this June aiming to provide an electrical network that will supply energy to ships and boats moored at the docks of the port of Valencia. The announcement of the start of the project was made at the opening of the conference ‘Electrification of Ports: […]

Aerial photo shows the Qinzhou port near the estuary of Pinglu Canal, in Qinzhou city, South China’s Guangxi Zhuang autonomous region. The construction works in China’s new canal, the Pinglu Canal, started on 23 May in south China’s Guangxi Zhuang Autonomous Region, according to the regional Department of Transportation. The Pinglu Canal, stretching over 134 […]

Ocean Network Express (ONE) opened its first completely owned branch in Ireland. The new branch launched on 1 June in Dublin, the capital of the country. “The new ONE office will provide quality and reliable shipping services to customers based in Ireland, with a strong focus on customer satisfaction,” said the company in a statement. […]

Source: International Maritime Organisation (IMO) With fragile economic conditions and inflationary pressure worldwide which drive individuals to commit piracy and sea robbery, the Asian water saw a 13% rise in piracy and ship burglary during the January-May period compared to the same months last year. According to the Regional Cooperation Agreement on Combating Piracy and […]

Port of Corpus Christi Commissioners named Port of Corpus Christi Chief Financial Officer (CFO) Kent Britton as Interim Chief Executive Officer (CEO), effective 1 June, following the departure of CEO Sean Strawbridge. Prior to joining the Port of Corpus Christi in 2017, Britton worked as CFO for the Glencore-owned Sherwin Alumina Company. He took over […]

    Yang Ming and Hyundai Heavy Industries (HHI) have reached a shipbuilding deal for five 15,500 TEU LNG dual-fuel container ships. These new vessels will be delivered in 2026 as part of Yang Ming’s mid-long-term fleet strategy. The new container ships will be built at the Hyundai Heavy Industries shipyard and will be outfitted […]

Porto Itapoá HMM adds Porto Itapoá to FIL (Far East – India – Latin America) service port rotation that connects Latin America to important Asian ports such as Busan (South Korea), Shanghai (China), Singapore, Jakarta (Indonesia) and Kattupalli (India). The first ship to dock in Itapoá port will be the Hyundai Shanghai, which is expected […]

The Port of Yokohama handled 225,523 TEUs in total in February, representing an 8.9% decrease from the same month in 2022. In particular, exports and imports of the Japanese port accounted for 199,510 TEUs overall, falling by 9.4% year-on-year. In breakdown, there were declines in both sectors. Exports declined by 1.4% to 113,267 TEUs and imports […]