PRPA, Metlakatla partner on new logistics park project
Prince Rupert Port Authority (PRPA) and Metlakatla Development Corporation (MDC) have partnered to develop the South Kaien Import Logistics Park (SKILP), a US$70 million Indigenous-led joint venture aimed at driving long-term economic benefits for Metlakatla and creating new job opportunities for local Indigenous workers. This initiative is expected to enhance intermodal trade through the Prince […]
Container News Magazine: February 2025 Issue
We are excited to announce the release of the February 2025 issue of Container News Magazine, where we delve into the most pressing developments in the container shipping industry. This edition offers in-depth analyses and reports on several key topics shaping global trade. Key Highlights in This Issue: The State of Global Container Shipping Trump’s […]
MAG Group leads beachfront resort development in Jordan
MAG Group Holding, an international real estate developer based in Dubai, UAE, has been appointed as the lead developer for the first phase of Marsa Zayed, a beachfront resort and residential community on the Red Sea in Aqaba, Jordan. Marsa Zayed is an ambitious project set to transform 3.2 million m² of the Red Sea […]
February 2025
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MSC unveils new reefer container monitoring system
Swiss-Italian ocean carrier MSC has introduced iReefer, a real-time container monitoring system designed for temperature-controlled shipments, enabling seamless tracking and management of reefer cargo. With iReefer, which is available via myMSC, the company’s e-business platform or an Application Programming Interface (API), customers can receive real-time insights into their reefer shipments, including information on position, temperature […]
Cadeler bags first deals for newbuild wind installation vessel
Copenhagen-headquartered offshore wind installation player Cadeler has signed two contracts with undisclosed clients for its newbuild wind installation vessel Wind Mover starting immediately upon delivery. The vessel, currently under construction at Hanwha Ocean Shipyard in Korea, will support operations, maintenance activities, and potential installation work in Europe. The contracts, which are part of a combined […]
Greek shipping magnates top tanker newbuild order rankings
A record number of new tankers were ordered in 2024 with 435 orders placed across the year, an increase of around 31% year-on-year, according to Veson Nautical’s ‘2024 End-Of-Year-Report’. The report, compiled by Veson’s data and intelligence arm VesselsValue, states that the growth in the tanker newbuilding sector was driven by high demand, fleet renewal, […]
Shipping set to be reshaped by Trump tariffs
Global seaborne trade flows are set for choppy conditions in the wake of President Donald Trump’s decision on Saturday to levy 25% tariffs on imports from Canada and Mexico and 10% on goods from China starting tomorrow. For energy imports from Mexico and Canada, the tariff level has been set at 10%. Canada and Mexico have ordered retaliatory […]
Aframaxes dominate tanker sales
Aframaxes sales are filling up broking reports at an increasing rate as sanctions rain in. So far this year, about 10 ships have been reported sold in the aframax segment, tankers that reportedly are being sold charter-free, based on prompt delivery. One of the latest sales involves Greek account IMS, which is reportedly more than […]
Bengal Tiger Line boss Bill Smart retires
Singapore’s Bengal Tiger Line (BTL) has announced that industry veteran Bill Smart is retiring as the container feeder operator’s chief executive. Smart will step back at the end of March after 35 years with the company but continue on BTL’s board of directors. “On behalf of the board, I would like to thank Bill for […]