Candler firms up MPP brace at New Jiangzhou Shipyard
German MPP specialist Candler Schiffahrt has bolstered its orderbook at China’s Jiangxi New Jiangzhou Shipbuilding Heavy Industry in a deal for two additional vessels. The Bremen-based company has contracted the 12,000 dwt brace for an undisclosed price tag following a deal for four newbuildings last March. Shipbuilding sources said the latest deal covers optional units […]
Solstad scores triple OSV fixture
Norwegian offshore vessel owner Solstad Maritime has secured more work for its fleet with three vessels fixed to undisclosed clients. The company, which is expected to float on the Oslo Stock Exchange in the second quarter of this year, has landed a 135-day contract for the 2014-built construction support vessel (CSV) Normand Jarstein in West […]
Havfram seals European wind farm deal
Norwegian offshore wind contractor Havfram has landed another construction project in Europe. The work, anticipated to last about one year, will be executed in 2029, utilising one of the company’s newbuild installation vessels, slated for delivery in the second half of 2025, Havfram said without disclosing further details. This marks the company’s eighth contract for […]
Seafarers’ struggles in global ports
Steven Jones, the founder of the Seafarers Happiness Index, reflects on the frustration about the treatment of seafarers in many ports around the world. When thinking about seafarers’ happiness, it is tempting to assume their greatest challenges occur far out at sea. However, new insights reveal a different story—seafarers are increasingly speaking out about the […]
World’s largest Ro-Ro ship BYD Shenzhen ready to carry your vehicles..
Chinese automotive company BYD Auto has unveiled the BYD Shenzhen, the world’s largest roll-on/roll-off (RoRo) vehicle carrier, capable of transporting up to 9,200 cars. This state-of-the-art vessel, named after BYD’s hometown, recently undocked from Yangzhou Port in eastern China, marking a pivotal moment in the company’s maritime logistics capabilities. Vessel specifications and capabilities The BYD […]
DP World multi-currency stablecoin for global trade settlement
DP World is partnering with financial institutions and technology providers worldwide to tackle persistent inefficiencies in cross-border payment systems. Businesses in emerging markets such as Asia and Africa often face delayed settlement times, limited access to financing, and a lack of transparency—challenges that have long impeded the growth of international trade. DP World Group Chairman […]
Japan-US container trade grows in 2024
Container movements from Japan to the United States reached a total of 643,433 TEUs in 2024, marking a 5.7% increase compared to the previous year. In addition, direct shipments accounted for 445,147 TEUs, reflecting a significant 13.8% growth, while transshipped containers totalled 198,286 TEUs, translating to a 9% decline. Focusing on direct shipments, Tokyo contributed […]
Container Shipping Stocks: Weekly Performance Overview
Container shipping has long been a critical pillar of global trade, facilitating the transport of goods across continents and powering economies. In the past week, the stock prices of major container shipping companies have been influenced by a variety of factors, including geopolitical tensions, trade dynamics, economic trends, fuel costs, and regulatory changes. This article […]
Strategic and Geopolitical Implications of Taiwan Strait: Comparative Analysis of G7 and BRICS Dependencies
The Taiwan Strait serves as a crucial maritime corridor, linking major East Asian economies with the global market. This route’s strategic value is highlighted by its substantial trade volume, particularly for nations in the G7 and BRICS groups. Recent reports from Ambrey indicate that the Singapore Strait is experiencing a resurgence as a piracy hotspot, […]
Marfret receives 300 new reefer containers
Marfret has recently purchased 300 new refrigerated containers, which will primarily support exporters from Latin America in shipping tropical fruits, particularly those harvested in Ecuador and shipped from the port of Guayaquil. These new containers will enhance export capacities and align with Marfret’s strategy to strengthen trade ties with Latin America. The company plans to […]