SHIPPING
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K Line to expand fleet with methanol-ready bulk carriers
January 22, 2024 - Kawasaki Kisen Kaisha, Ltd. (K Line) is expanding its fleet of methanol-ready ships with an order of three post-Panamax...
UNCTAD: Global foreign direct investment grew 3% in 2023 as recession fears eased
January 19, 2024 - Global foreign direct investment (FDI) defied earlier expectations for 2023, growing by 3% and finishing the year at an...
Red Sea crisis prompts switch to air cargo to avoid ocean freight disruption
January 19, 2024 - Retailers are turning to air freight to protect supply chains and keep their products on shelves amid the ongoing...
Port of LA notes continued volume recovery at the close of 2023
January 19, 2024 - After a slow start, the Port of Los Angeles (Port of LA) said it finished 2023 with five months of year-on-year growth,...
Port of Prince Rupert handled 5% less cargo in 2023
January 18, 2024 - The Prince Rupert Port Authority (PRPA) announced that 23.5 million tonnes of cargo moved through the gateway in 2023,...
Port of LA notes start of fruit season from Chile
January 18, 2024 Port of Los Angeles (Port of LA) said the first vessel of Chilean fruit in 2024 has arrived at the Port of Los Angeles,...
Hapag-Lloyd says no intention to become a logistics integrator amid new alliance with Maersk
January 17, 2024 Hapag-Lloyd maintained that it will remain focused on liner shipping and has no intention of becoming a logistics...
Product tanker recycling drops to lowest on record
January 17, 2024 Product tanker recycling reached a new low in 2023, according to a new analysis by BIMCO, one of the largest...
Ocean rates keep climbing on Red Sea diversions as Lunar New Year approaches
January 17, 2024 Despite US and UK strikes on Houthi positions in Yemen, attacks on Red Sea traffic continued this week both on US naval...
China's Tianjin Port launches direct route for Chilean cherry imports
January 16, 2024 North China's Tianjin Port has launched a new direct shipping route to facilitate cherry imports from Ch...
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