Shell’s Singapore refinery suffers second oil leak in two months
Yet another oil spill has affected oil major Shell’s refinery in Singapore. A joint statement from the Maritime and Port Authority of Singapore (MPA), National Environment Agency (NEA), National Parks Board (NParks) and Sentosa Development Corporation (SDC) said that a processing unit that produces diesel at Shell’s Pulau Bukom refinery has been shut down to […]
Canadian ports as strategic alternative in Transpacific trade: The case of Prince Rupert
In the ever-evolving landscape of global trade, the reliability and efficiency of maritime shipping routes are paramount. This is particularly true for the Transpacific trade route, which serves as a critical conduit for commerce between Asia and North America. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost […]
Port of Oakland on track to return to pre-Covid volumes
Port of Oakland’s total cargo volume shot up 10% year-to-date, January through November 2024, compared to the same period in 2023. “We are optimistic that strong container volume will continue through the end of the year,” pointed out Port of Oakland Manager of Business Development and International Marketing Carolyn Almquist. “We expect to be on […]
VLA 2024 – HÀNH TRÌNH KIẾN TẠO TẦM VÓC QUỐC GIA TRONG KỶ NGUYÊN MỚI
Năm 2024 Là một năm đặc biệt của Hiệp hội Doanh nghiệp Dịch vụ Logistics Việt Nam (VLA), với nhiều dấu ấn nổi bật khẳng định vai trò tiên phong và uy tín của Hiệp hội trong nước cũng như trên trường quốc tế. Với sứ mệnh tiên phong trong ngoại giao kinh tế và […]
AD Ports completes restructuring of Noatum Group assets
AD Ports Group has announced the completion of a major restructuring in its corporate history, integrating the assets of the recently acquired Noatum Group into its existing business structure. The integration of Barcelona-based Noatum Group, a vertically integrated provider of global logistics services with activities in 32 countries and 16 terminals in Spain, aims to […]
Container ship ordering hits new record in 2024
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Annual Review: Stock Performance of Major Container Shipping Companies
The year 2024 was pivotal for the global container shipping industry, shaped by a complex interplay of economic recovery, geopolitical tensions, and evolving trade dynamics. The ongoing Israel-Palestine conflict, coupled with escalating tensions in the Middle East, including the Red Sea crisis, disrupted key shipping routes and elevated fuel prices. These developments created significant bottlenecks […]
Seadrill sells jackup after being unemployed for eight years
Offshore rig owner Seadrill has completed the sale of its only cold-staked jackup – the West Prospero. Seadrill sold the West Prospero for cash proceeds of $45m. The 2007-built rig has been cold-stacked since 2016. Its last contract was from May 2014 until May 2016 with Lundin Energy which has been a part of Aker […]
Hutchison Ports enhances Thai box terminal with new cranes
Hutchison Ports Thailand’s Terminal D received four additional remote controlled super post panamax quay cranes and eight remote controlled rubber tyred gantry cranes, all electrically powered, on 18 December. This batch of quay cranes will be the largest in Thailand, have an outreach of 24 rows, and be capable of handling boxes stacked up to […]
Wallenius Wilhelmsen unit lands $4.2bn deal with Hyundai and Kia
Wallenius Wilhelmsen’s car carrier operator, Eukor, has secured a new and improved contract with Hyundai Motor Group. Wallenius Wilhelmsen said Friday that the term of the renewed deal has been increased from three to five years while the share of Korean exports will also be expanded from 40% to 50%. The Oslo-listed company, which owns […]