SHIPPING
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European Commission approves CMA CGM takeover of Bolloré Logistics
February 27, 2024 - The European Commission (EU) has approved, under the EU Merger Regulation, the proposed acquisition of Bollor&#...
BIMCO: Cargo volumes in Red Sea area drop 21% due to attacks on ships
February 27, 2024 - Cargo volumes to and from ports in the Gulf of Aden and the Red Sea have fallen by double-digits in the first few weeks...
DP World, Masdar partner to drive renewable power for port operations
February 26, 2024 - DP World has signed a partnership agreement with clean energy player, Abu Dhabi Future Energy Company (Masdar), to...
ZIM names three new LNG vessels
February 23, 2024 - ZIM Integrated Shipping Services Ltd. (ZIM) has named three new vessels joining its fleet, marking another step in the...
Unprecedented shipping disruptions raise risk to global trade, UNCTAD warns
February 23, 2024 - Recent attacks on commercial vessels in the Red Sea have severely affected shipping through the Suez Canal, adding to...
ICTSI's Contecon Manzanillo handles record rail volume
February 23, 2024 Contecon Manzanillo (CMSA), a key player in Mexico's port industry and a subsidiary of International Conta...
OOCL optimizes fleet capacity with eight eco-friendly 24,188TEU ships
February 23, 2024 Orient Overseas Container Line Ltd. (OOCL) has introduced its newest mega containership, "OOCL Abu Dhabi&am...
Asia-Europe sea-air hubs record strong surge in tonnages
February 23, 2024 Several key Asia-Europe sea-air hubs have recorded a strong surge in tonnages in the last few weeks as shippers...
Reefer shipping rates rise to be temporary as excess capacity plugs gaps
February 22, 2024 The recent rise in reefer shipping rates is expected to prove short-lived as the trade adjusts to the rerouting of...
BIMCO: Russian coal shipments fall 14% as sanctions bite
February 22, 2024 Russian coal shipments have fallen 14% year-on-year (YoY) during the first seven weeks of 2024, according to a new...
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