Mediterranean Shipping Company (MSC) signed a 45-year sub-concession agreement with Nigerdock to develop, operate, and maintain an exclusive container terminal spanning 30 hectares within Snake Island Port (SIP), Lagos.The new container terminal will be completed by 2028 with a 910-m quay…
Yesterday, a new ISO standard was published to help port authorities, shipowners and operators navigate rules on how ships should be cleaned in an environmentally sound way. Hull cleaning is gaining traction among shipowners, while countries…
Shipping company MSC has signed a 45-year concession agreement with Nigerian maritime company Nigerdock to develop, operate and maintain a new container terminal at Snake Island Port in Lagos, the Switzerland-based company said.The dedicated…
'Despite increasing trade policy uncertainty and falling freight rates, the container ship order book has continued to expand. It now totals more than 1,350 ships with a combined capacity of 11.8m TEU,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO…
China's COSCO Shipping has suspended operations at Balboa port which is located at the entrance to the Panama Canal, according to local newspaper La Prensa, which published a notice to clients from the shipping and logistics conglomerate.Balboa…
The surge in the spot price of liquefied natural gas (LNG) has dragged seaborne thermal coal prices higher, but only for the higher quality grades that can substitute for natural gas in power generation.The spot price of LNG in Asia more than…
North American Blue Energy, a company backed by U.S. energy magnate Harry Sargeant III, has moved to export nearly 1 million barrels of Venezuelan crude for delivery into China, Bloomberg News reported on Monday, citing a document.The cargo…
SAAM closed 2025 with record financial performance, underscoring the continued strength of its harbor towage business across the Americas while positioning the company for further international expansion. For a company that has spent the past…
The container shipping sector continued its gradual normalization in 2025, and ZIM Integrated Shipping Services’ latest financial results offer a clear snapshot of the industry’s transition away from the extraordinary profits generated during the pandemic-era freight surge…
Semco Maritime and Zamakona Yards have formed a strategic alliance to establish Las Palmas Shipyard, a new hub for rig upgrades, vessel maintenance and offshore modification projects in the Canary Islands.The partnership combines Semco Maritime’s…
Saudi Aramco has offered more than 4 million barrels of Saudi crude in rare tenders as the U.S.-Iran conflict disrupted exports from the Middle East, several traders said.In a tender that will close at 5 p.m. Beijing time (0900 GMT) on Monday…
The European Commission launched its EU Ports Strategy on March 4, and Europe’s ports have welcome it, saying it recognizes the vital role ports are playing for Europe’s economy and society.“The EU Ports Strategy is based on a good understanding of what ports are…
At least five tankers laden with crude oil have left Iranian ports since U.S.-led airstrikes on Iran began on February 28, with liquefied petroleum gas supplies also moving on Friday, according to ship trackers and traders.The Gulf region's…
At this year’s annual Legislative Summit, the American Association of Port Authorities (AAPA) proudly named U.S. Representative Mike Ezell (MS-04) as the 2026 Port Person of the Year for his commitment to the seaport and maritime industry. AAPA…