Yang Ming buys more chartered ships
Taiwanese liner operator Yang Ming Marine Transport continues to expand its owned fleet by prematurely ending the charters of two 12,000 TEU ships. The company said in a Taiwan Stock Exchange filing that it has paid US$186 million for the ships, barely three years into the 10-year period charter. Yang Ming did not identify the […]
Wan Hai Lines introduces new 13,100 TEUs ship
Wan Hai Lines held a ship naming ceremony on 23 August for the WAN HAI A17, along with a charity event, at the Samsung Heavy Industries shipyard in Geoje. The ceremony was co-officiated by Po-Ting Chen, Chairman of Wan Hai Lines, and S.A. Choi, Vice Chairman & CEO of Samsung Heavy Industries. Chih-Jung Chang performed […]
cargo-partner launches new road service connecting Netherlands and Austria
cargo-partner, a group company of NIPPON EXPRESS HOLDINGS, announced an upgraded road service connecting Roermond in the Netherlands with Fischamend in Austria. This enhanced route significantly boosts connectivity for customers across Western Europe, offering streamlined logistics solutions into Central and Eastern Europe. cargo-partner effectively bridges the logistics gap between Western, Central, and Eastern Europe through […]
HD Hyundai offloads all its HMM shares
HD Hyundai, which heads South Korea’s largest shipbuilding group, has sold all its shares in compatriot flagship carrier HMM, dispelling any notions that it could acquire the company. HD Hyundai said in a Korea Exchange filing on 22 August that its subsidiaries, HD Korea Shipbuilding & Offshore Engineering and HD Hyundai Samho, sold a total […]
Floods cripple export-import in Bangladesh as main highway swamps
Movement of export-import cargo-laden trucks and other vehicles through the Dhaka-Chittagong highway was disrupted severely as a devastating flood in Bangladesh has inundated roads, highways, homes, and farmlands since late last week. Until now 11 districts in Bangladesh are now underwater where 1.23 million families have been affected totalling 5.7 million people while at least 23 […]
Japan’s container exports to U.S. surge to 56,174 TEUs in July
Container exports from Japan to the U.S. reached 56,174 TEUs in July, marking a 14.3% increase compared to the same period last year. This represents the fourth consecutive month of double-digit growth, according to data from Descartes Datamyne. Direct shipments accounted for 39,094 TEUs, a 32.8% rise, continuing a year-on-year increase for 12 consecutive months […]
NYK Line charters another Diana Shipping bulker
New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha (NYK Line) for one of its vessels. NYK Line chartered the 2014-built, 179,492 dwt capesize bulker G. P. Zafirakis for a gross charter rate of $26,800, minus a 5% commission paid to third parties, for a minimum […]
Østensjø Rederi orders cross-segment offshore newbuild in Spain
Norwegian shipowner and operator Østensjø Rederi has contracted what it describes as an ocean energy support vessel (OESV) newbuild at one of its favourite yards, Astilleros Gondan in Spain. The vessel, scheduled for delivery in the second half of 2027, will be fit to operate across multiple segments, including inspection, maintenance, and repair (IMR), construction, walk-to-work/flotel […]
Eidesvik to retrofit Equinor-bound PSV with ammonia dual-fuel engine
Norwegian offshore vessel owner Eidesvik has announced that it would retrofit the platform supply vessel Viking Energy with a dual-fuel engine able to operate on ammonia. The PSV has been in service for Equinor for more than 20 years. Launched in 2003, Viking Energy was the first offshore vessel operating on LNG and in 2016 […]
OOCL unveils its last 24,188 TEU mega vessel
Orient Overseas Container Line (OOCL) celebrated the naming of its twelfth 24,188 TEU eco-friendly mega vessel, “OOCL Portugal,” during a ceremony at the Nantong COSCO KHI Ship Engineering (NACKS) shipyard. This vessel is the final addition to OOCL’s series of 24,188 TEU ships, marking a significant milestone for the company. Laura Liang Aron, Director of […]