Port Houston exceeds 4 million TEUs in 2024
Port Houston’s container traffic reached an all-time high of 4,139,991 TEUs in 2024, representing an 8% increase from the previous year. December alone saw 340,418 TEUs, a 4% year-over-year rise. Loaded exports soared 12% in December to 135,446 TEUs, driven by high shipments of resin, chemicals, rubber, and textiles, ending the year up 8%. While […]
Boxship explodes off Yemen
Emirates Shipping Line (ESL) is the operator of the feeder ship ASL Bauhinia, whose crew abandoned the vessel on 28 January, after it caught fire. The Hong Kong-flagged 2022-built 1,930 TEU ASL Bauhinia and its sister vessel, ASL Peony, were chartered from Hong Kong-based intra-Asia carrier Asean Seas Line and are deployed to ESL’s Gulf-Red […]
Precious Shipping sells off vintage handysize
Fleet overhaul at Precious Shipping has continued with the sale of one of its oldest vessels. The Thai dry bulk player has offloaded its 2005 Shikoku Dockyard-built Rojarek Naree for $8.8m. The buyer of the 29,900 dwt ship is an overseas company that does not have any relationship with the company, the Khalid Hashim-led listed […]
Georgia Ports handles over 2.8 miilion TEUs from July to December
The Georgia Ports Authority (GPA) reported over 2.8 million TEUs in fiscal year-to-date 2025 (1 July 2024 – 31 December 2024), reflecting an 11.4% increase—nearly 300,000 TEUs—at the Port of Savannah, compared to the same period last year. Georgia Ports processed more than 442,000 TEUs in December alone, marking a 4.7% rise (19,850 TEUs) compared […]
Crew rescued from blaze on boxship in Red Sea
The crew of the boxship that abandoned the ship which caught fire in the Red Sea has been rescued unharmed. The Hong Kong-flagged boxship ASL Bauhinia exploded and caught fire some 226 km northwest of Hodeidah, Yemen, in the early hours of the morning on Tuesday. The vessel is owned by Shanghai-based Asean Seas Line […]
Robbers attack tanker in Singapore Strait
A Greece-flagged tanker was boarded yesterday by two knife-wielding individuals while transiting eastbound in the Singapore Strait, the latest in a string of robbery incidents in the area. The attack took place approximately 2.7 nautical miles northwest of Indonesia’s Pemping Island, according to UK maritime security specialists Ambrey. The tanker was sailing at 9.7 knots […]
Geneva Dry Dialogues: Western Bulk
Returning to Geneva Dry this April is Torbjorn Gjervik, who since last year’s summit has been promoted to CEO of Western Bulk Chartering, a Norwegian firm which tends to have anywhere between 100 and 150 ships on its books at any given time. While looking forward to the event, Gjervik is not overly enthused about […]
2025 will see fewer but better hires in commercial shipping
Paul Ratcliffe provides readers with highlights from Ignition Global’s 2024 Commercial Shipping Leaders Survey. Hiring in commercial shipping should be getting easier. The talent war of 2021–22 has ended, and dry bulk bonuses are cooling. Inflation has eased, remuneration policies have adjusted, and salary expectations have mellowed—making compensation easier to manage. And yet 40% of […]
Seanergy expands with double buy as United ships out oldest cape
US-listed Greek bulker owner Seanergy Maritime has strengthened its fleet by adding two Japanese-built vessels, while its spin-off United Maritime is shipping out its oldest capesize. The Stamatis Tsantanis-led Seanergy has picked up an unnamed 2013 Imabari-built newcastlemax and a 2011 Mitsui-built capesize for about $69m. The 178,459 dwt capsize, which will be renamed Blueship, […]
Shipping’s ultimate Year of the Snake fortune guide published today
The January issue of Splash Extra gives readers the ultimate guide to shipping prospects in the Year of the Snake. The Lunar New Year is not starting too well with many sectors struggling to break even in January. The cross-sector ClarkSea Index, a weighted barometer covering all shipping segments, eased back by 8% last Friday […]