SHIPPING
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UNCTAD: Global trade will reach a new high in 2024
December 5, 2024 - World trade is on track to hit a record US$33 trillion in 2024, but risks of expanded trade wars and ongoing...
Ocean Alliance maintains highest capacity market share
December 5, 2024 - The Ocean Alliance — composed of members CMA CGM, COSCO Container Lines, Evergreen Line, and Orient Overseas Container...
Basra Gateway Terminal welcomes first RCL service to Iraq
December 4, 2024 - Basra Gateway Terminal (BGT), a multi-purpose cargo handling facility located at the Port of Umm Qasr in Iraq, welcomed...
OOCL names the first of ten Neopanamax vessel
December 3, 2024 - Orient Overseas Container Line Ltd. (OOCL) has named its first brand-new 16,828 TEU container vessel the "...
Hapag-Lloyd breaks ground in Uganda
December 2, 2024 - Hapag-Lloyd has launched a new office in Kampala, the capital of Uganda, which offers excellent connections to five...
WorldACD: Tonnages hold firm while rates continue to build in peak season
November 29, 2024 Global tonnages in the last full week of November were at the same level as the previous week, according to the latest...
PSA, Evergreen Marine form JV for Singapore container terminal operations
November 28, 2024 PSA Singapore (PSA) and Evergreen Marine Corporation (EMC) have established a joint venture in Singapore, aiming to...
ONE strengthens Southeast Asia presence with Indonesia terminal acquisition
November 28, 2024 Ocean Network Express (ONE) has announced the completion of its acquisition of a minority stake in New Priok Container...
Hapag-Lloyd concludes long-term offtake agreement for green methanol
November 28, 2024 Hapag-Lloyd has reached an agreement with Goldwind, a clean energy company headquartered in Beijing, China, to deliver...
Trump's new tariff threat could lead to frontloading, rate increases
November 27, 2024 US President-elect Donald Trump's recent social media announcement that he intends to impose a 25% tariff on...
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