Sallaum Lines enhances its presence in Chinese market amid significant investments
Europe’s leading finished vehicle handling ports and shipping companies are grappling with challenges from imbalanced trade flows, sea and port capacity constraints, and labor shortages. A surge in vehicle imports from China and its original equipment manufacturers (OEMs) adds to these pressures. To adapt to these market dynamics and capitalize on the growing influence of […]
China’s String of Pearls and UAE’s String of Ports strategies on the microscope
Both the United Arab Emirates (UAE) and China have made significant investments in strategically important ports worldwide to enhance their geopolitical influence and secure trade routes. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don’t have an account? Register If you liked this post, […]
HADAG and COSCO launch green passenger ferry in Hamburg
Hamburg-based transport company HADAG has officially launched its newest green-energy hybrid passenger ferry, “Finkenwerder,” named after a Hamburg city district. The 33-meter-long vessel, designed to accommodate up to 250 passengers, will operate on HADAG’s routes in the Port of Hamburg and along the Elbe. The ferry’s vibrant paintwork, created by COSCO SHIPPING Europe, symbolizes the […]
Trump reveals plans for tariffs on China, Mexico and Canada
US president-elect Donald Trump has provided more details on his plans to levy tariffs on China, Mexico and Canada on his first day back in the White House. Trump, who will be inaugurated on January 20, has said he will sign an executive order imposing tariffs of 25% on all goods from Mexico and Canada […]
Camex expands into widebody freighter operations
Camex Airlines has expanded into widebody operations with the delivery of a Boeing 767-300 converted freighter from ATSG-owned lessor Airborne Global Leasing. Until now, the Tbilisi-based airline’s fleet has operated a fleet of three narrowbody Boeing 737-800BCFs. And the carrier has plans to further expand its widebody fleet with delivery of a second 767-300F from […]
Sweden seeks bulk carrier linked to cable outage
Sweden is attempting to get this week’s most talked about ship to move into its territorial waters as a diplomatic standoff continues over a recent cable outage. The Yi Peng 3, a 23-year-old panamax bulk carrier owned by Ningbo Yipeng Shipping, has been linked to the severing of two data cables in the Baltic Sea […]
Shipping needs to change the narrative to attract investors
Shipping might be a multi-trillion dollar industry and the backbone of world trade, but it is infinitesimally small in the minds of investors. New research from US-based Cavalier Shipping shows that less than 79 US cents out of every $1,000 invested in the US stock market goes to shipping and offshore companies. Shipping companies represent […]
Geneva Dry Dialogues: Seanergy Maritime
Geopolitical tensions and their impact on global supply chains, the potential postponement of enforcement of environmental regulations, and the extension of vessel age limits are three massive topics that Greek owner Stamatis Tsantanis reckons will form much of the debate at next April’s Geneva Dry, the world’s premier commodities shipping conference. Tsantanis, who heads up […]
Record lows see LNG spot prices dip below $7,000 a day
LNG shipping spot rates and time charter rates have fallen to all-time lows, according to research from Joakim Hannisdahl-led Gersemi Asset Management. Dual fuel diesel electric carriers and steam turbine carriers are at or below operating costs, Hannisdahl warned yesterday. The average spot rate assessment for a modern two-stroke 174,000 cu m unit fell by […]
Irate investor launches website in ongoing bid to thwart CMB’s Euronav takeover
Alexander Saverys’s keenness to put a shareholder dispute behind him, and press ahead with fleet renewal plans at CMB.TECH, formerly Euronav, still faces hurdles, with one especially irate investor group going so far as to create a website detailing its legal tussles. Euronav Scuttled is the web creation of FourWorld Capital Management, a Securities and […]