Arkas revises Greece-Black Sea service
Arkas/Emes Feedering has announced changes to its Greece–Black Sea (GBS) service, according to the latest DynaLiners report. Notably, Bulgaria’s Port of Burgas will replace Turkey’s Port of Aliaga in the updated rotation. The revised port sequence, served by two 1,500 TEU vessels, will now be: Piraeus (Greece) – Istanbul (Ambarli, Turkey) – Burgas (Bulgaria) – […]
Emirates Shipping Line becomes member of World Shipping Council
Emirates Shipping Line (ESL) has joined the World Shipping Council (WSC), which represents over 90% of global liner shipping capacity. Established in 2006 in Dubai, United Arab Emirates, ESL has since expanded its presence to 30 countries, operating over 70 offices worldwide. ESL will be represented on the WSC Board by the company’s CEO, Till Ole […]
PIL christens new LNG dual-fuel container vessel
Singapore-headquartered Pacific International Lines (PIL) has named its first 8,200 TEU LNG dual-fuel container ship, Kota Oasis. The vessel was named by Cindy Chang, wife of Peter Chang, PIL’s Deputy Chairman, at a ceremony held at the Yangzijiang Shipbuilding yard in China. Kota Oasis is the first in a series of four 8,200 TEU LNG […]
CMA CGM gains control of South America’s largest container terminal
CMA CGM Group has confirmed the closing of its acquisition of approximately 47.9% of Santos Brasil Participações S/A (Santos Brasil) from funds managed by Opportunity, following regulatory approvals from relevant Brazilian authorities. The transaction was completed at a price per share of BRL 13.60 (around US$2.40). As a result of this move, the French shipping […]
Port of Oakland sees surge in Q1 container throughput
The Port of Oakland closed the first quarter of 2025 on a strong note with total container volume rising 7.2% year-on-year to 217,415 TEUs. That performance brings first-quarter throughput to 601,527 TEUs—an increase of 6.3% year-over-year. “As we close the first quarter, we’re encouraged by the steady growth in cargo volume,” confirmed Port of Oakland […]
Stolthaven Terminals, Rönesans Holding to jointly develop new terminal in Türkiye
Stolthaven Terminals partners with Rönesans Holding on the development of a new terminal in Ceyhan, Adana, Türkiye. The facility is part of a large-scale new development, valued at US$2 billion, that also includes a polypropylene (PP) production plant – which Rönesans Holding will develop separately – with an expected annual production capacity of 472,500 metric […]
Wan Hai ups 16,000 teu newbuild series in South Korea
Taiwanese containerline Wan Hai has returned to South Korean shipyards for a fresh series of methanol dual-fuel-ready 16,000 teu vessels. The Taipei-headquartered company has commissioned two newbuilds each at HD Hyundai Samho and Samsung Heavy Industries in a deal worth up to $816m. The units at HD Hyundai cost between $186.5m and $204m per ship, […]
IMS snaps up Teekay tanker
Buyers behind recent LR2 sales are starting to surface. New York-listed Teekay Tankers agreed last month to sell the 2007-built Galway Spirit to an undisclosed party for an undisclosed price, with delivery set for the first quarter of 2025. The 105,000 dwt vessel, built by Hyundai Heavy, is now renamed Anemoni and joins the fleet of […]
Taylor Maritime offloads 11 ships
London-listed dry bulk outfit Taylor Maritime has aligned its business with anticipated trade turbulence and taken advantage of improved market sentiment to sell 11 ships for $172.5m. The Ed Buttery-led company said that one bulker had already been delivered to its new owner, with the remaining 10 exiting the fleet by August this year, bringing […]
Close to one in five VLCCs trading today are over 20 years old
Today, there are around 130 VLCCs over 20 years old still trading, compared to fewer than 20 five years ago, according to data from Tankers International, which notes that around two-thirds of these vintage supertankers are engaged in moving sanctioned oil. Over the next four years, the number of vessels exceeding 20 years forecast by […]