MSC redirects mega ships to Med and West Africa amid North Europe trade decline
MSC has diverted its 19,000 – 24,000 TEU vessels from the Asia-North Europe trade in response to tanking rates, and shifting these boxships to the Asia-West Africa and Asia-Mediterranean routes where the rates are much higher, according to Alphaliner’s report. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember […]
ONE and Portchain mark one year of digital berth alignment collaboration
Ocean Network Express (ONE) and Portchain have completed the first year of their collaboration for the digitalization of ONE’s berth alignment process with terminals. This initiative has delivered improvements in operational efficiency, sustainability, and facilitated the adoption of Just-In-Time (JIT) port calls, according to a Portchain’s statement. Over the past year, the collaboration has enabled […]
Chinese Influence in Panama Canal Operations Sparks Geopolitical Debate
Recent discussions have been sparked by claims regarding Chinese control over the Panama Canal and alleged biases against American vessels. 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 Chinese […]
KEZAD signs 50-year agreement with Bisconni for new manufacturing facility in Abu Dhabi
The Khalifa Economic Zones Abu Dhabi (KEZAD) Group announced a 50-year land lease agreement that will see the establishment of a state-of-the-art manufacturing facility in KEZAD A (KEZAD Al Ma’mourah). With ambitions to broaden its international reach, Bisconni Middle East Manufacturing is investing AE$110 million (approximately US$30 million) to build a 37,000 square meter facility […]
Marcura takes over HubSE to revolutionize tanker demurrage claims
Maritime technology company Marcura has completed the acquisition of HubSE, a UK-based innovator specializing in the automation of oil and chemical tanker demurrage claims. This acquisition establishes Marcura as the first commodity-agnostic provider of demurrage solutions, significantly advancing the simplification of demurrage claims for ship owners and charterers. The merger is expected to enhance Marcura’s […]
Marcura expands with HubSE acquisition
Maritime tech firm Marcura has acquired UK-based tanker demurrage claims automation provider HubSE. HubSE’s specialised oil and chemical tanker expertise will be integrated into Marcura Claims, formerly ClaimsHub. Their combined capabilities will deliver a comprehensive claims management experience with both fully managed and self-service solutions. The acquisition of HubSE reinforces Marcura’s vision of a more […]
Ningbo Marine firms up ultramax pair at Jiangsu Haitong
Chinese owner Ningbo Marine has added to its ultramax bulker orderbook with two newbuilds firmed up at compatriot yard. The Shanghai Stock Exchange-listed company signed up for up to four 64,000 dwt vessels at Jiangsu Haitong Offshore Engineering Equipment last November. The deal covered two firm vessels at about $37m each with an option attached […]
European Ports 2024: Antwerp Narrows Distance to Rotterdam, Piraeus Loses Ground
Rotterdam, Antwerp-Bruges and Hamburg have maintained their dominance in the European port rankings in 2024, despite severe geopolitical instability and security challenges. The combined container throughput of the top three European Union (EU) ports increased by 4.4% in 2024, rebounding from a sharp 7% decline the previous year, according to Theo Notteboom, a member of […]
Sapura Energy lands $723m in new contracts
Malaysian offshore services player Sapura Energy has won multiple contracts worth RM3.2bn ($723m) for its drilling business. The company said in a filing with Bursa Malaysia that Sapura Drilling had won two contracts from PTTEP for the barge-type tender assist drilling rigs, Sapura T-17 and Sapura T-18. The contracts are for five years and an […]
Adhart linked to tanker quartet at New Dayang
Singapore’s Adhart Shipping has been named as the owner behind a debut product tanker order for Chinese bulker builder New Dayang. The subsidiary of state-run machinery manufacturer Sumec Group announced its entry into tanker shipbuilding in January through a deal for four MR units with an undisclosed owner. Newbuilding sources suggest Adhart booked two firm […]