C1, a climate tech start-up, has raised growth capital from Maersk Growth, the venture capital arm of A.P. Moller – Maersk, in order to accelerate the scaling of their ultra-efficient catalysis, which will enable mass production of green methanol without the usual premium paid for sustainably produced methanol. According to a statement by C1, besides […]

Source: hvzeeland.nl According to Maritime Bulletin, the 5,000 TEU container ship CMA CGM Barracuda ran aground in the Netherlands on 13 January. The 2007-built vessel was sailing from the port of Antwerp in Belgium to the port of Hamburg in Germany when at around 01:00 (local time) it ran aground in front of Kruiningen on […]

Port of Singapore Port of Singapore has reported a container throughput of 37.3 million TEUs in 2022, which represents a slight decline of 0.7% compared with the all-time record volumes in the previous year. Despite the fall of 3-4% in global container trade, the Port of Singapore achieved its second busiest year in its history. […]

A post-panamax ship operated by Maersk Line, the 7,849 TEU GSL Eleni, has been docked at Ogden Point, Canada, after losing its steering functions over the New Year weekend. The incident occurred nearly a year after an SM Line-operated ship, SM Busan, had to be docked at the same place on 2 January 2022, after […]

Four of five seafarers on a general cargo ship carrying containers are feared dead after going missing when the vessel sank on 3 January. In the early morning local time on 3 January, the Mongolian-flagged 2001-built 890 dwt Long Shun, sailing around Matsu Islands in Lienchiang County, sent a distress signal, indicating that it was […]

A container vessel lost stability while unloading cargo at India’s Mundra Port over the weekend, briefly disrupting normal operations. The Panama-flagged, 1999-built  arrived at Mundra International Container Terminal (MICT) from Jebel Ali on 7 January. MICT is operated by DP World under a concession arrangement with the Mundra port owner Adani Group (APSEZ). As a […]

Port of Shanghai An unusual drop in prices was observed in Chinese container exports, according to chief shipping analyst at BIMCO, Niels Rasmussen, who noted that box rates, which normally enjoy a spike in the weeks leading up to Chinese New Year (CNY), seem to be on a free fall this year. In fact, spot […]

During the first eleven months of 2022, 216,965 containers have been moved by rail at the port of Valencia, representing a 10.24% increase compared with the same period in the previous year. In fact, between January and November of 2022, more than 4,200 trains have passed through the Spanish port, which is translated to a […]

Taiwanese mainline operator Evergreen Marine Corporation has paid its employees generous bonuses of up to 52 months of their salaries, prompting a strike by staff at its affiliated airline EVA Airways. Despite the correction in freight rates since mid-2022, Evergreen is set to report higher earnings for that year. Taiwanese media reported that many of […]

MSC, CMA CGM, Evergreen Marine Corporation and Zim Lines registered the largest fleet growth among liner operators in 2022, according to Alphaliner’s latest report. The four lines engaged in aggressive newbuilding orders, long-term charters and second-hand purchases to bolster their competitiveness just before the freight market began normalising in mid-2022. MSC, which overtook Maersk Line as […]