Port Geopolitics in Gulf region as New Trend Amid Economy Diversification
The attention of the maritime and shipping communities has been on the Middle East in the last months due to the geopolitical tensions that are reshaping the trade and logistics landscape. 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
Tariffs and tricks.. Is Chinese ingenuity outmanoeuvring USA policy in trade wars..??
The global trade landscape has long been a battleground of competing policies, trade practices, and economic goals.. This is particularly true of the world’s top two largest economies – USA and China.. US tariffs on Chinese imports, originally intended to curb unfair trade practices and bolster USA’s domestic industries have inadvertently, or “as expected” by […]
Valenciaport’s private 5G Network: Driving smart port innovation
Valenciaport is advancing its digital transformation with the development of a private 5G network designed to connect over 25,000 devices, including phones, vehicles, surveillance cameras, and sensors. This US$6 million project, co-funded by the European Union’s Connecting Europe Facility (CEF), aims to position the Port of València as a leader in Smart Port or Port […]
5 Benefits of Using Self-Storage Solutions for Your Business
Image by Pixabay on Pexels Self-storage solutions are space services that provide secure, convenient storage units that your business can rent when in need of extra space. They come in handy to all companies, regardless of size. Leveraging self-storage solutions in your business can be quite rewarding. Discussed below are five benefits of using self-storage […]
Box lines offer reduced Asia-Europe rates ahead of alliance restructure
Liner operators are discounting Asia-Europe freight rates for the first two weeks of January, as they fight for market share ahead of the reshuffling of container shipping alliances in February. On 27 December 2024, the Shanghai-North Europe rate gained just 0.5% from the previous week to close at US$2,962/TEU, after declining for the previous three […]
Union Maritime books four product tankers at reborn Dalian shipyard
Diversified UK shipowner Union Maritime has further beefed up its tanker orderbook with handysize product carrier newbuilds in China. The Laurent Cadji-led outfit has booked four 24,200 dwt units at the restructured yard Dalian Shipbuilding Offshore Company (DSOC), formerly known as DSIC Offshore. Shipbuilding sources estimate each newbuild, Union expects for delivery in 2026, at […]
US eases Syrian energy sanctions
Following the ousting of Syrian dictator Bashar al-Assad last month, the US Treasury has decided to ease some sanctions on the war-torn Middle Eastern nation. While most restrictions remain in place, a general license issued by the Office of Foreign Assets Control (OFAC) yesterday allows transactions to support the sale, supply, storage and donation of […]
Norwegians eye nuclear propulsion
Norwegian shipbuilder Vard is collaborating with the Norwegian University of Science and Technology in Ålesund and other stakeholders in a project exploring nuclear propulsion for the maritime sector. NuProShip, short for Nuclear Propulsion in Shipping, will evaluate fourth-generation nuclear reactor technologies for their viability in commercial shipping applications. After assessing 99 companies developing advanced reactor […]
Controversial ammonium nitrate shipment sparks protest in Ivory Coast
One of the cargoes that made the most headlines last year is still making news in the new year. Locals living near the Ivory Coast’s largest port, Abidjan, have voiced concern about a cargo of potentially explosive ammonium nitrate onboard the Barbados-flagged Zimrida just off the shoreline. The cargo was originally shipped onboard the Ruby, […]
COSCO targeted by the Pentagon over alleged ties to the People’s Liberation Army
COSCO, the world’s largest shipping company, is among a host of Chinese shipping-related names 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 with these companies that Washington […]