MSC increases Emergency Operation Surcharge from North Europe to America
In light of the significant changes in the alliances’ network, MSC foresees general operational disruption during the first months of 2025. For this reason, the Swiss/Italian ocean carrier has announced the following increase in the Emergency Operation Surcharge (EOS) from North Europe, including the United Kingdom and Scanbaltic region to the United States, Puerto Rico […]
Japanese port to cease container and multi-purpose operations
Port of Muroran, located on the northern Japanese island of Hokkaido, will stop handling container and multi-purpose vessels from April. Muroran port said in an announcement that it wants to strengthen its functions as a base port for offshore wind farms, as Japan pivots towards renewable energy. The announcement came after municipal officials from the […]
Visy acquires Finnish provider of access control and traffic management solutions
Finnish gate automation and OCR solutions provider for container terminals and industrial sites Visy announced that the acquisition of its compatriot Vidamin Oy, a provider of access control and traffic management solutions established in 2008, was completed on 31 December 2024. Vidamin will now function as a subsidiary of Visy, enhancing its capabilities within a […]
SBM Offshore invests in Blue Power hub developer
Dutch floater expert SBM Offshore has invested in Ocean-Power, a company developing an offshore power hub that generates electricity using gas turbines and carbon capture and storage. The investment by the company follows a memorandum of understanding between SBM Offshore and the Norwegian company signed in June last year. As a result of this investment, […]
DP World reaches 100 million TEU capacity milestone
DP World has achieved a milestone, surpassing 100 million TEUs of container handling capacity across its global portfolio for the first time in its history. The achievement follows US$11 billion in strategic investments and infrastructure development over the last decade. Over the past 10 years, DP World’s capacity has grown 33%, driven primarily by expansions […]
Pre-Lunar New Year Demand Pushing Transpacific Rates Up
The January 15th expiration of the interim ILA – USMX agreement set at the conclusion of the three-day October strike is rapidly approaching. Talks resumed but quickly collapsed in November with the sides far apart on the role of automation and semi-automation at these ports. Negotiations are scheduled to restart today though carriers are preparing […]
COSCO seeks to defuse Pentagon spat
COSCO, the world’s largest shipping company, has sought to downplay news carried by Splash yesterday that it has been added to a list of companies the US Department of Defense views as having links to the People’s Liberation Army. While being on the Pentagon’s blacklist carries no specific penalties, it discourages US firms from dealing […]
Major Chinese port group bans tankers on OFAC’s sanctions list
Shandong Port Group has banned any tanker sanctioned by the US from calling at its ports. The group oversees major ports on China’s northeast coast including Qingdao, Rizhao and Yantai, which are among the biggest destinations for sanctioned oil from Russia, Iran and Venezuela. Reuters has obtained notices sent out by the ports group this […]
Can India reach its ambitious shipbuilding targets?
The story of India’s government, led by prime minister Narendra Modi, setting a goal to become a top 10 shipbuilder by 2030 and a top five one by 2047 has been doing the rounds for some time now, but how feasible is it and what must happen for that to become a reality? For one […]
AI deployed by 10 European navies to track Russia’s shadow fleet
The Joint Expeditionary Force (JEF) has activated an advanced UK-led reaction system to track potential threats to undersea infrastructure and monitor the Russian shadow fleet, following damage to a major undersea cable in the Baltic Sea. The JEF is a UK-led Northern European multinational military partnership. The tanker Eagle S which is part of the […]