Port of Helsinki enhances operations and sustainability efforts
In 2024, the Port of Helsinki continued to serve shipping companies, passengers, and cargo operators while maintaining and investing in port infrastructure. The Finnish port actively worked to reduce emissions in its operational areas, contributed to the country’s security of supply, and prioritized the well-being of its employees. Passenger traffic saw a 5% annual increase, […]
ICTSI-operated MICT welcomes Hapag-Lloyd’s inaugural CPF service call
International Container Terminal Services, Inc.’s (ICTSI’s) flagship terminal, the Manila International Container Terminal (MICT), marked a milestone with the arrival of Hapag-Lloyd’s newly launched China-Philippines Feeder (CPF) service at the Port of Manila. The German carrier’s first-ever call to the Philippines was highlighted by the arrival of Tokyo Express on 17 March. The CPF service […]
Forwarders require rapid response in fast moving market
Large US forwarders fared better in 2024 than their European counterparts in what remains a fast-moving and unpredictable market with unresolved major conflicts and new trading obstacles posing fresh challenges. 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 […]
Trump strikes on Chinese yards won’t halt Yang Ming shipbuilding plans
US President Donald Trump’s attacks on China’s shipbuilding dominance will not prevent Yang Ming Marine Transport from considering Chinese shipyards for its future newbuildings, according to the company’s leadership. 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 […]
UAE Eyes South America for Expansion of Shipping Operations
Gulf States have increasingly focused on South America as part of their broader strategy to diversify their economies. The establishment of the joint venture Noatum – CSM, a collaboration between Abu Dhabi-based AD Ports Group and Columbia, highlights their growing interest in expanding maritime influence, particularly in regions like South America. This content is locked […]
Hapag-Lloyd increases rates from Indian Sub and Middle East to US East Coast
German container line Hapag-Lloyd has announced a General Rate Increase (GRI) / General Rate Adjustment (GRA) for shipments from the Indian Subcontinent and Middle East to the United States East Coast. Hapag-Lloyd will apply a rate increase of US$500 per container for cargo transported in 20’ and 40’ dry, reefer and special containers, including high […]
CN analysis: Container freight rates ex-India continue to cool amid demand woes and overcapacity
Container freight rates on major export trades out of India have continued to drop in March amid demand growth challenges and high overcapacity, according to an analysis of market data by Container News. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don’t have an […]
Norway’s sovereign wealth fund buys stake in two RWE offshore wind farms
Norges Bank Investment Management (NBIM), the manager of the world’s largest sovereign wealth fund – often referred to as the Oil Fund – worth over $1.75trn, has bought a 49% stake in two offshore wind projects from German utility RWE. The fund bought stakes in the Nordseecluster and Thor offshore wind projects currently under construction. […]
Subsea7 awarded Northern Lights contract
Oslo-listed Subsea7 has won a contract from Equinor worth between $50m and $150m for the second phase of the Northern Lights CO2 transport and storage project offshore Norway. Subsea7’s scope includes engineering, procurement, construction and installation of a five-kilometre CO2 pipeline, as well as installation of integrated satellite structures, umbilicals, tie-in and pre-commissioning activities. Fabrication […]
Top 10 Ocean Carriers by Revenue in 2024
The global shipping industry continues to be dominated by key players, with Maersk and CMA CGM leading the pack in 2024, each generating an impressive US$55.5 billion in revenue. Following behind is COSCO with US$32.3 billion, solidifying its position as a major force in maritime logistics. Hapag-Lloyd and Ocean Network Express (ONE) secured the fourth […]