Danish shipping group AP Moeller-Maersk on Monday raised its full-year profit guidance for the second time in a month on the back of strong container market demand and the crisis in the Red Sea.Maersk now expects its underlying earnings before interest…
Maersk faces significant terminal congestion in Mediterranean and Asian ports, causing substantial delays in its vessel schedule, the Danish shipping group said in a statement on Monday.As a result of that congestion, the world's second-largest container shipping company…
Onne Multipurpose Terminal (OMT), International Container Terminal Services, Inc.’s (ICTSI) operation in Nigeria, has handled the Kota Cempaka – the largest container vessel to conduct full operations in Eastern Nigeria.Operated by Pacific International Lines (PIL)…
Three new berths will start operations at Singapore Tuas Port later this year to tackle extended waiting times for ships after Red Sea shipping tensions boosted vessel arrivals, said Singapore's Maritime and Port Authority (MPA).The diversion…
X-Press Feeders, Global Energy Trading Pte Ltd (GET), and PSA Singapore (PSA) have successfully completed the first simultaneous methanol bunkering and cargo operation (SIMOPS) in Singapore on May 27, 2024.The SIMOPS was conducted at the new…
The Maritime Association of the Port of New York and New Jersey (MAPONY/NJ) has inducted five maritime industry leaders into its International Maritime Hall of Fame (IMHOF) at Chelsea Piers, Pier 61 in New York City.Celebrating its 30-year anniversary…
Global supply chains are braced for further disruption and increasing costs after US President Joe Biden announced new tariffs on Chinese imports on Tuesday.The tariffs will be imposed on a wide range of Chinese imports including semi-conductors…
International Container Terminal Services Inc. (ICTSI) is building a new international container terminal in Bauan, Batangas, Philippines. The new terminal will be the largest privately funded marine terminal investment in the country’s history…
Ocean freight container carriers are treading a fine line between risk and reward during new contract negotiations as the market remains gripped by uncertainty in the Red Sea, according to new data on the Xeneta Shipping Index (XSI®).The latest…
Nigeria secured a $600 million investment in seaport infrastructure from Danish shipping company A.P. Moller-Maersk, the presidency said in a statement on Sunday.The investment was secured during a meeting between President Bola Tinubu and Moller…
Maersk may resume some shipping services at the Port of Baltimore when a temporary channel is opened to give access for commercially essential vessels that remain blocked by a collapsed bridge, the company said.'This channel, with a controlling depth of 20 feet…
International Container Terminal Services, Inc. (ICTSI) has significantly upgraded its ability to handle foreign ultra-container vessels with the recent arrival of three new quay cranes at its flagship Manila International Container Terminal (MICT)…
From January to March, Port Houston handled 1,069,917 TEUs year-to-date, an increase of 15% compared to the same period last year.In March, container volumes totaled 360,991 TEUs, an increase of 20% compared to March 2023 and Port Houston’s biggest March ever…
Ocean Network Express (ONE) has launched a reduced emissions shipping service ONE LEAF+ which offers customers the opportunity to proactively manage their own emissions and minimize environmental impact across the value chain.ONE LEAF+ offers…
“Due to the COVID-19 pandemic, the global container market grew only 1.5% from 171.0 million TEU in 2019 to 173.5 million TEU in 2023. Without the pandemic, that figure would have been 24.6 million higher, landing at 198.1 million in 2023,” says Niels Rasmussen…
