Mid-sized box carriers active in fleet expansion
Acquisitions and newbuildings saw mid-tier liner operators expand their fleets beyond the market average for 2024, according to Alphaliner. 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 If you liked this post, please consider donating5€10€20€50€ The post Mid-sized box […]
Feeder ships now in demand as availability drops
Boxship chartering activity has turned to the feeder sizes, as supply in this size segment starts diminishing. MB Shipbrokers (formerly Maersk Broker) said the market managed to gain some momentum the past week. “We forecasted increased activity in the 2,500 -2,800 TEU segment – and we have indeed seen a pick-up in discussions, with a […]
Costamare spinning off bulkers business
New York-listed Greek shipowner Costamare has moved to spin off its dry bulk operation into a separate publicly traded company. The new company Costamare Bulkers Holdings is expected to launch this year and to be listed on the New York Stock Exchange. The outfit will own nearly 40 vessels in addition to the dry bulk […]
BP cuts renewables investments by $5bn, sets sights firmly on oil and gas
UK-based energy giant BP has announced it will cut its renewable energy investments and instead increase its investment in oil and gas production. The company buckled under pressure from investors who were unhappy over the company’s underperformance compared to its main rivals such as Shell and ExxonMobil. For example, BP shares have risen by 36% […]
EU initiatives to enhance green fuels for aviation and shipping, yet raise concerns with delayed 2040 climate target
European green transport group Transport & Environment (T&E) has praised the new European Union (EU) initiatives aimed at reducing energy costs by increasing the deployment of renewable electricity and enhancing trade and investment in clean technology. Despite this, T&E expressed concern over the EU’s decision to postpone proposing a climate target for 2040, viewing it […]
Ireland’s Shannon Foynes Port proceeds with expansion project
Shannon Foynes, Ireland’s second-largest port, is expanding to enhance its position as an international logistics hub. The two-year project will add 117 meters of jetty length, supporting the offshore renewable development and easing congestion at Dublin Port. To equip this new infrastructure, ShibataFenderTeam supplied seven sets of Double CSS Cell Fenders 1000 with closed-box steel […]
West Coast ports regained ground in 2024 H2
Danish maritime data analysis firm Sea-Intelligence has analyzed the shift in container volumes from the East to the West Coast during the second half of 2024. The following figure shows the ratio of laden imports between the East and West Coast of North American ports. A figure higher than 1 represents more volumes being handled […]
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ONE expands Africa services with new Nigerian port calls
Ocean Network Express (ONE) has enhanced its WA1 and SW2 services by offering additional calls at Nigeria’s Onne and Lekki ports. The new service port rotations will be as follows: WA1 service Current: Shanghai -> Ningbo -> Nansha – Singapore -> Port Kelang -> Apapa -> Tincan -> Cotonou -> Tema -> Lome -> Port Kelang -> Singapore […]
Ports of Rotterdam and Antwerp-Bruges call for Clean Industrial Deal swift implementation
The two largest European ports, Rotterdam and Antwerp-Bruges, have welcomed the Clean Industrial Deal, through which the European Commission intends to strengthen the competitiveness of European industry. The two mega container ports in the Netherlands and Belgium support the strategy for bundling economic strength and a sustainable transition, emphasising that it’s time to concretise the […]