Spanish ports see container growth as transshipment shifts from Suez
Spanish ports handled an aggregated 18.1 million TEUs in the first nine months of 2024, translating to a growth rate of 11% year-on-year. There were significant increases in the hubs of Barcelona and Valencia, according to the latest DynaLiners report, which is presumably caused by box lines using them for transshipment volumes that would otherwise […]
AD Ports, CMA CGM establish partnership for Pointe Noire Terminal operation
AD Ports Group has signed a shareholders’ agreement with the CMA CGM Group through its subsidiary CMA Terminals. This agreement establishes a joint venture to develop, manage, and operate the New East Mole multipurpose terminal in Pointe Noire, Congo-Brazzaville. AD Ports Group had secured a 30-year extendable concession for the terminal in June 2023. Under […]
SeaLead starts new service linking India to Red Sea
UAE-based box line SeaLead has launched the new Red Sea-India (RESIN) service, which connects the Indian market with the Red Sea coasts of Egypt and Saudi Arabia. According to shipping consultancy Dynamar, the company will deploy three container ships on the service, each with a capacity of around 2,000 TEUs. The service port rotation is […]
FMC approves Premier Alliance agreement
The United States Federal Maritime Commission (FMC) has finally approved the Premier Alliance Agreement, which will take effect on 9 February. The Premier Alliance Agreement allows HMM, Ocean Network Express (ONE) and Yang Ming to share vessels in the trades between the United States and Asia, the Middle East, and Europe. The Commission issued Requests […]
DP World hits record volumes in 2024
Global port and terminal operator DP World reported a record 88.3 million TEUs in 2024, representing an 8.3% year-on-year growth. While the Red Sea crisis posed severe challenges to the global shipping sector in the previous year, causing delays and rerouting across major trade corridors, DP World said its record performance underscores the strength of […]
UN reviews regulation as seafarers revealed to work 74% above global average
Following exhaustive research showing how jobs onboard are still too 24/7, the United Nations’ International Labour Organization (ILO) will look to tighten up the language surrounding work/rest regulations at sea at a Special Tripartite Committee of the Maritime Labour Convention (MLC), scheduled to be held in Geneva in April. The ILO’s focus on work/rest hours […]
Viet My Petrol Transportation quits VLCC trades
Hanoi-based owner Viet My Petrol Transportation has exited the VLCC trades three years after entering the segment. In recent years, Viet My Petrol Transportation, also known as Vietmy Trans, snapped up two VLCCs built in 2005 and owned by two Greek owners, Eastmed and Thenamaris. In 2023, two years after the company was set up, […]
Geneva Dry Dialogues: Manta Marine Technologies
Ina Reksten, who runs Norwegian vessel optimisation specialist Manta Marine Technologies, acknowledges many of her clients are struggling to meaningfully translate all the data heading their way. “It sounds straight forward, but a good outcome requires not only strong programming skills and setting data parameters, but also understanding of how a vessel operates, knowledge on […]
Trump administration ups sanctions against Iranian shipping
Donald Trump’s has wasted little time in carrying out his vow to up pressure against Iran with the Office of Foreign Assets Control (OFAC) yesterday slapping sanctions on more than a dozen people and firms that are accused of facilitating the shipment of millions of barrels of Iranian oil to China. The 20-year-old, Comoros-flagged Siri […]
Federal Maritime Commission okays Premier Alliance agreement
The Federal Maritime Commission (FMC) in the US has given its blessing to the formation of the Asian liner grouping, the Premier Alliance. Alliance partners HMM, Ocean Network Express (ONE), and Yang Ming were left stunned when in early November the FMC demanded more information about the new alliance, hobbling its February 1 official launch. […]