Port of Barcelona awards US$75 million contract for new Catalunya wharf embankment
The Port of Barcelona’s Management Board awarded a €72,359,045.87 (around US$75.35 million) contract for constructing the embankment of the new Catalunya wharf to the joint venture of Sacyr Construcción, SA and José Antonio Romero Polo, SAU. The project, set to take 27 months, involves constructing a sea embankment as the initial phase for depositing materials […]
Economic Pressures and Geopolitical Shifts Reshape Global Ship Recycling Operations
Global ship recycling operations hit some of their lowest activity levels in nearly two decades, while undergoing notable shifts. In 2024, only 324 merchant ships were dismantled worldwide, totaling 4.6 million gross tonnes (GT)—the lowest volume since 2005 and a drop of more than 30% compared to 2023, which was already a subdued year. This […]
OOCL Iris sets multiple records with landmark US East Coast port calls
The 16,828 TEU container vessel OOCL Iris arrived at Maher Terminals on 11 February, marking a significant milestone for the Port of New York and New Jersey as the largest ship to call at the US port. The OOCL-operated mega boxship travelled from Asia on the 91-day roundtrip Transpacific ECX1 loop, which stops in Hong […]
DP World Posorja joins Portchain Connect
DP Word-operated Deep-Water port in Posorja has implemented Portchain Connect to simplify the berth alignment process with container lines. The Deep-Water Port in Posorja will use Portchain Connect aiming to increase the quality and speed of their berth alignment with customers through digital handshakes and secure data sharing. Portchain Connect is expected to enable Ecuador’s […]
US Tariffs on China-Built Boxships Poised to Disrupt Supply Chains and Exacerbate US Port Congestion
Amid growing concerns from shipping analysts, the Trump Administration’s proposed tariffs on China-built container ships are anticipated to significantly disrupt supply chains both in the United States and globally. According to Peter Sand, Chief Analyst at Xeneta, these fees could lead to fewer port calls by ocean carriers in the United States, potentially resulting in […]
Mexico Grapples with Surge in Chinese Imports Amid Looming US Tariffs and USMCA Challenges
In recent discussions, United States and Mexico officials are working diligently to address trade issues and avoid the implementation of new US tariffs. The urgency of these talks is underscored by the looming deadline and broader concerns involving trade regulations under the United States-Mexico-Canada Agreement (USMCA) trade pact. This content is locked Select a CN Premium […]
Container traffic surges at port of Melbourne
Port of Melbourne handled 289,000 TEUs in January 2025, achieving a 4% increase over the same month in the previous year. A breakdown of container volumes at a major Australian port shows mixed growth across categories. Full imports (excluding Bass Strait) edged up by 0.2% to 115,000 TEUs, while full exports (excluding Bass Strait) climbed […]
Amazon, IKEA and ZEMBA partners to speed up e-fuel adoption
The Zero Emission Maritime Buyers Alliance (ZEMBA), an alliance that includes leading retailers like Amazon and IKEA, has opened bidding for its e-fuel tender, aimed at facilitating the first commercial use of e-fuels in maritime operations. Submissions for the tender will be accepted until spring 2025, with the initiative set to help over 40 member […]
Maersk signs deal to assess ship recycling opportunities in Egypt
Danish container shipping giant Maersk has signed a Memorandum of Understanding (MoU) with the Holding Company for Maritime and Land Transport, an Egyptian state-owned entity under the Ministry of Transport. The agreement aims to bolster cooperation in responsible ship recycling (RSR) in accordance with international standards, fostering a sustainable environment while supporting the steel and […]
Drewry tests new year quotes as tariff impositions and GRIs spell the way forward
The Drewry World Container Index (WCI) registered a 6% weekly fall (over 15% for the fortnight) recording US$2,629, its lowest since the 60% jump recorded to touch US$2,670 in its first quote of 2024. In essence, these are the lowest ever quotes recorded for the WCI in the post Red-Sea Disruption age. Most key trade […]