ONE announces KVT service revamp
Singaporean container carrier Ocean Network Express (ONE) has decided to enhance its KVT (Korea-Vietnam-Thailand) service. The updated port rotation of ONE’s KVT service will be Incheon (South Korea) – Gwangyang (South Korea) – Pusan (South Korea) – Ho Chi Minh (Vietnam) – Laem Chabang (Thailand, discharge call) – Laem Chabang (Thailand, load call) – Ho […]
Maersk announces decreases in Asia-Africa peak season surcharges
Danish ocean carrier Maersk has announced a reduction in peak season surcharges from several Asian ports to Kenya and Tanzania. In particular, Maersk has decided to decrease its peak season surcharge from the Greater China Area, Northeast Asia, Southeast Asia and the Mekong area to Kenya, as follows: Greater China Area to Kenya EQ Type […]
Genco lets go of another cape
US-listed bulker player Genco Shipping & Trading has been linked to the sale of another ageing capesizes as demand for secondhand bulker tonnage remains robust. The John Wobensmith-led owner of more than 40 ships has offloaded the 2008-built Genco Hadrian to Far Eastern interests at $25m, according to shipping S&P sources. The sale of the […]
Donsotank ups chemical tankers order tally at Wuhu
Sweden’s Donsotank Rederi has returned to Wuhu Shipyard in China for an additional chemical tanker newbuild. The owner and operator of five tankers on the water and two dual-fuel tankers under construction has added a third 22,500 dwt unit to its orderbook at Wuhu, taking its series at the yard since late 2018 to five. […]
TFG Marine signs up for Consort methanol bunkering newbuilds
TFG Marine, Trafigura’s marine fuel supply joint venture with John Fredriksen’s Frontline and Golden Ocean Group, has inked a long-term time charter deal with Singapore’s Consort Bunkers for four newbuild bunker tankers capable of carrying methanol. The 6,500-dwt IMO type 2 units are currently under construction at China Merchant Jinling Shipyard and will be operated […]
CN analysis: Container rates out of India on major trades see sharp gains amid capacity woes
Container freight rates on trades out of India have seen strong gains in July amid heightened demand linked to early peak season bookings and persistent capacity disruptions, according to a market analysis by Container News. On the westbound India-Europe trade, average short-term contract rates for bookings from West India [Jawaharlal Nehru Port (JNPT)/Nhava Sheva or […]
A Comprehensive Guide on Crypto Market Making
Crypto market making has become a critical component of the cryptocurrency ecosystem. As digital currencies gain traction, the role of crypto market makers becomes increasingly vital in ensuring liquidity and stability. This guide delves into the intricacies of crypto market-making, offering insights into its significance, strategies, and future potential. Whether you’re a novice investor or […]
German modular builder Algeco orders five Konecranes electric forklifts
Germany’s Algeco GmbH ordered five Konecranes E-VER electric forklifts fitted with modified spreaders to handle special containers used to construct modular buildings. The forklifts will be delivered to Algeco’s facilities in Paderborn and Stockstadt in the thrid quarter of the year. Algeco makes special room-like containers that can be assembled into housing, office and classroom […]
CMA CGM implements new peak season surcharges in Africa
French ocean carrier CMA CGM has announced new peak season surcharges in Africa, which will take effect on 15 August. In particular, CMA CGM will implement a new peak season surcharge (PSS) from North Europe, including Baltic and Scandinavia, the United Kingdom, and Marseilles, to the ports of Dakar in Senegal and Abidjan in Ivory […]
Yang Ming appoints new Chairman
Taiwan-based container shipping company Yang Ming Marine Transport Corporation has elected Professor Feng-Ming Tsai as its new Chairman. The decision, effective immediately, was taken in the 395th Board Meeting held on 27 July. Chairman Tsai holds a Ph.D. in Transportation from the New Jersey Institute of Technology. He has devoted himself to research in transportation […]