“On the strength of demand in trade lanes not bound for the US, we have increased our ship demand growth forecast for 2025 to 4.5-5.5% while maintaining it at 2.5-3.5% for 2026. We now expect a balanced supply/demand development in 2026 while…
New analysis by Maritime Strategies International cites emerging evidence that the demand side of the industry will prove better-insulated from tariffs than was expected earlier in the year, while a dynamic where Chinese exporters continue to…
Every year, more than 11 million tons of cargo move through SeaPort Manatee on the coast of west central Florida. Achieving and maintaining safe and secure operations is a primary concern. Effective security programs and technologies not only safeguard the people and cargo at the port…
Seatrium has divested its AmFELS Yard located at Brownsville in Texas, in the United States, for a consideration of $50.7 million (S$65 million).The accretive divestment will allow Seatrium to enhance capital and operational efficiencies, while unlocking value from one of its surplus facilities…
CMA CGM on Monday announced the acquisition of Freightliner UK Intermodal Logistics, a rail logistics specialist, as the French shipping group continues to expand its presence in non-maritime transport.Financial terms of the deal, expected to close in early 2026…
Russian wheat export prices rose last week in response to news of a large Iranian purchase and against a backdrop of limited supply, as bad weather at ports hampered shipments, analysts said.The price for Russian wheat with 12.5% protein content…
One of Britain’s largest trust ports is in the running for a national award following its record-breaking year in generating social value.Harwich Haven Authority (HHA)’s work generated USD$6.89 million (£5.1million) in social value in 2024,…
Chinese-controlled container line Sea Legend will launch the first direct China-Europe route via the Arctic this week, the Global Times reported on Monday, in a move set to almost halve express shipping times between the two locations.Sea Legend…
Cavotec has signed an order from Mohan Mutha Group to supply shore power systems in the Maldives. This is the first shore power installation in the Maldives and marks an important step in the country’s efforts to reduce carbon emissions in its ports…
NYK, MTI, and Grid Co. have jointly developed an AI-based system that automates and optimizes the allocation plan of car carriers.Full-scale operations of the system were launched at NYK in July.NYK operates more than 100 car carriers, the largest fleet in the world…
The Panama Canal Authority (ACP) has launched the concessionaire selection process for a natural gas pipeline project, holding its first market engagement event with more than 45 representatives from global energy companies.The 76-kilometre pipeline…
South Africa's logistics company Transnet on Thursday said it has agreed a 10-year partnership deal with German equipment maker Liebherr for the supply of cranes as it seeks to upgrade and modernize its port operations.The two parties have also agreed on a 20-year asset management program…
PACECO Corp. and MITSUI E&S have announced a contract to supply two new ship-to-shore (STS) cranes to Total Terminals International (TTI) at the Port of Long Beach.The new cranes will be capable of serving vessels of up to 24,000 TEU and will be built in Japan…
MELTRIC, an American manufacturer of switch-rated and standard-duty plugs and receptacles, announced the official launch of P66–a safe, high-powered, and highly durable electrical connection engineered for mobile electrification in harsh and demanding industrial environments…
Port Houston recorded sustained growth in August following a standout July. Total tonnage across Port Houston’s public terminals is up 5% year-to-date through August, reflecting steady growth across multiple cargo sectors.After a record-setting July…
