Calling bottlenecks at the Panama Canal chokepoint a ‘slow burning disaster’, with one vessel operator reportedly paying nearly $4 million to ‘jump the line’, Peter Sand, Chief Analyst, Xeneta, examines the key market trends that will drive the container shipping sector in 2024.
U.S. officials have begun informal talks to prepare for new negotiations on the North American Free Trade Agreement (NAFTA), David Cohen, the country's ambassador to Canada, told CBC News in an interview published Saturday.'On the U.S. side…
APM Terminals and DP World announced the formation of the Zero Emission Port Alliance (ZEPA), an industry-wide strategic coalition with the goal of accelerating the journey to zero emissions for container handling equipment (CHE) on ports. ZEPA membership is open to all industry participants…
Renewable energy is already high on the agenda at the COP28 climate summit, with 118 countries, including the UAE, Brazil, Japan and the EU, pledging last weekend to triple the world’s renewable energy capacity by 2030.But it’s not simply about signing up to the ambition…
Yemen's Houthi movement said on Saturday they would target all ships heading to Israel, regardless of their nationality, and warned all international shipping companies against dealing with Israeli ports.The Iran-aligned group is escalating…
Bulk grain shippers hauling crops from the U.S. Gulf Coast export hub to Asia are sailing longer routes and paying higher freight costs to avoid vessel congestion and record-high transit fees in the drought-hit Panama Canal, traders and analysts said…
A consortium of Saudi Archirodon and DEME has been awarded the second phase of transformation work for the Port of NEOM, the primary seaport of entry to northwest Saudi Arabia.Based in Oxagon, Port of NEOM is located along the coast of the Red Sea and is adjacent to the nearby Suez Canal…
Nova Marine Carriers group of Lugano, which is headed by the Bolfo Gozzi and Romeo families, announced the acquisition of two new ships, finalizing the purchase in Japan of the (renamed) Sider Ambos, a 20,000 dwt bulk carrier, built in 2017…
deugro reports that it has delivered a 15.8 x 13.2 x 17.2-m, 392-metric ton CO2 removal system from Rizhao to the COSCO Shipyard Qidong, China.The journey began in Rizhao, China and concluded at the COSCO Shipyard Qidong, spanning a domestic…
Shipping’s journey of digital transformation is as much about cultural change - from the boardroom to onboard vessels - to adapt to new ways of working with data collaboration at the core as it is about technology adoption, according to a new Bureau Veritas-backed research study…
Jifmar Offshore Services and Acta Marine have concluded an agreement where Jifmar will acquire all workboat activities of Acta Marine, a deal with includes all 26 workboats, the crews (200 employees), the Netherlands based organisation and all existing contracts…
“Safety is not merely a box to check but a dynamic force shaping the trajectory of our industry. It acts as both a boundary condition, defining the limits within which we operate, and a catalyst for change, propelling us toward innovative solutions…
The number of U.S. liquefied natural gas (LNG) vessels transiting the Panama Canal to Asia halved in November compared with a year ago as Asia prices for the gas this week traded at their steepest premium to European prices in nearly two years…
As tankers, car-carriers and other merchant vessels pass through the Malacca Strait, unlit fishing boats criss-cross the shipping lanes at night, making it one of the most challenging sea areas of the world to transit, even during peacetime…
Bangladesh started in recent days a large crude oil receiving and offloading facility built by China that allows the south Asian oil importer to significantly reduce the cost of shipping in crude oil.The single-point mooring facility at Chattogram port last Sunday offloaded 82…