Navantia to acquire Harland & Wolff's shipyards Spanish state-owned shipbuilder Navantia has reached a deal that will see it acquire all four of the shipyards operated by U.K. shipbuilder Harland & Wolff, whose holding company went into administration September
DHL eCommerce, CTT Expresso join forces to transform Iberian parcel delivery DHL eCommerce and CTT Expresso have forged a strategic partnership aimed at seizing growth opportunities in the e-commerce and parcel delivery market across Spain and Portugal, which together represent the fourth-largest market in Europe. This collaboration will establish the most extensive pick-up and delivery network in the region through the creation of specialized joint ventures. As part of t
Iran's Potential Expansion into Container Shipping: Strategic Implications and Proxy Use in Maritime Disruptions This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container News .
Scan Global Logistics to acquire Canada's ITN Logistics Group Scan Global Logistics (SGL) continues its growth journey by strengthening its Canadian operations through the acquisition of ITN Logistics Group. This addition will significantly expand SGL's service capabilities and footprint in Canada. ITN Logistics Group, a privately owned Canadian freight forwarder, offers a comprehensive range of global logistics solutions across multiple transport modes. Th
Folk Maritime orders 5,600 dry boxes New Saudi Arabian container line Folk Maritime Services Company has ordered 5,600 shipping containers from Shanghai CIMC Yangshan Logistics Equipment. This agreement includes the acquisition of 4,500 20-foot general-purpose containers and 1,100 40-foot high-cube containers. Each container is fully recyclable, highlighting the company's dedication to environmental sustainability. Folk Maritime CEO
Maersk shifts Charleston operations to Hugh Leatherman Terminal Maersk has decided to shift its operations in Charleston to the Hugh Leatherman Terminal (HLT), replacing the Charleston Wando Terminal. The HLT terminal offers an enhanced service level, ensuring a highly reliable Oceania service, said the Danish carrier in its announcement. Summary of Changes to the OC1 Service: Current Rotation: Philadelphia (USA) > Charleston (Wando, USA) > Panama Canal (Pana
HHLA reveices remote-controlled gantry cranes Hamburger Hafen und Logistik AG (HHLA)'s Container Terminal Altenwerder (CTA) recently received three new highly automated container gantry cranes, marking a significant technological milestone for the Port of Hamburg. Delivered partially assembled from Ireland by Liebherr aboard the special ship "ZHONG REN 121" on 14 December 2024, these innovative cranes are the first of their kind at the Germa
OMODA & JAECOO partners with Maersk for after-sales service in UAE OMODA & JAECOO, an automotive brand driving the future of mobility, has announced a strategic partnership with Maersk. This collaboration establishes a robust warehousing and distribution solution to streamline the storage and delivery of spare parts, finished vehicles, and Pre-Delivery Inspection (PDI) services across the UAE. Maersk's advanced logistics capabilities will ensure a 98% availabili
Intra-Asia rates peak ahead of Christmas Intra-Asia freight rates have reached new year-to-date highs, powered by double-digit growth in China-Southeast Asia trade. This content is locked Select a CN Premium Subscription Package To Unlock The Content! If you liked this post, please consider donating The post appeared first on Container News .
AD Ports Group secures US$2 billion refinancing deal AD Ports Group has successfully refinanced and expanded its existing Revolving Credit Facility (RCF) from US$1 billion to US$2.125 billion, available in both AED and USD tranches. This strategic move aims to optimize financial costs by securing improved interest rates and extending the facility's maturity from 2026 to 2028, with an option for further extension until 2030. The revamped facility at
Kuehne+Nagel to operate Schaeffler's central logistics hub in Thailand Schaeffler Vehicle Lifetime Solutions Asia Pacific has partnered with Kuehne+Nagel to operate its Central Logistics Center in Thailand. This 3,000-square-meter assembly and packaging facility, strategically located in the Si Racha free zone near Schaeffler's manufacturing plant in Chonburi, will manage key logistics operations such as kitting, goods receiving, and shipping. Designed to streamline
Indonesia's East Java Multipurpose Terminal welcomes first container ship The East Java Multipurpose Terminal (EJMT), operated by International Container Terminal Services, Inc. (ICTSI) in Indonesia, celebrated a milestone by successfully handling its first container ship since beginning operations at the newly developed deep-water terminal in mid-October. On Saturday 14 December, XinYi Glass made its inaugural call to Indonesia, selecting EJMT for its container discha
COSCO continues bulker fleet expansion with newcastlemax series Chinese state-owned shipping giant COSCO has further expanded its dry bulk newbuilding initiative with up to eight newcastlemax vessels at its group yard, COSCO Shipping Heavy Industry Yangzhou. The deal with an undisclosed value covers three firm and five optional 210,000 newbuilds, which will be operated by COSCO Shipping Bulk. The vessels will be methanol- ...
Panama president hits back at Trump over canal takeover threat Panama's president, José Raúl Mulino, has rejected US President-elect Donald Trump's comments that his new administration could move to take back control of the Panama Canal after accusing the country of charging excessive rates on US ships. Speaking at his post-election rally in Arizona over the weekend, Trump complained that canal authorities are collecting unreasonable ...
Longship boosts orderbook with newbuild brace Netherlands-based shortsea operator Longship Group has bolstered its orderbook of eco-friendly general cargo vessels. The company has signed up for a pair of 3,700 dwt GS Eco-Freighters at compatriot GS Projects and Ship and Steelbuilding (SaS) in Waterhuizen following an order for two similar ships, which have already been delivered and named Longsun and Longsky ...
Saipem back in business in Brazil A Brazilian court has informed Italian offshore engineering and construction giant Saipem that it can resume normal operations in Brazil. Saipem was suspended from signing new contracts with the Brazilian public administration for two years following a probe into alleged irregularities surrounding a deal signed with Petrobras in 2011. Allegedly, a representative of the Italian ...
Chinese bulker suspected of Baltic Sea cable sabotage sets sail for Egypt Yi Peng 3, a 23-year-old panamax bulker owned by Ningbo Yipeng Shipping, is finally on the move after representatives from several European countries observed China's investigation of the vessel. The Yi Peng 3 is linked to the severing of two data cables in the Baltic Sea and was moored in the Kattegat Sea for a ...
Diana Shipping kamsarmax going on hire with NYK Line New York-listed Greek bulker owner Diana Shipping has entered into a time charter contract with Japan's Nippon Yusen Kabushiki Kaisha (NYK Line) for one of its kamsarmax vessels. The company hired the 2013-built, 82,131 dwt bulker Myrto. The gross charter rate is $12,000 per day, minus a 5% commission paid to third parties, for a period ...
TotalEnergies buys majority stake in two wind farms off Denmark French energy giant TotalEnergies has bought a majority stake in two wind farms offshore Denmark. The French company acquired an 85% share in the 240MW Jammerland Bay and a 72.2% share in the 165MW Lilleb�lt South offshore wind projects from European Energy and SONFOR. European Energy and SONFOR will continue as minority owners of Lilleb�lt ...
South Korean shipbuilders expect to benefit from US moves to beat China South Korean shipbuilders' shares are rising as the bill could encourage US shipowners to order new ships from next year
Shadow fleet tanker in first VLCC recycling sale since 2022 The 2000-built very large crude carrier Amor has been purchased by Indian ship recyclers at Alang for a reported $440...
Yi Peng 3 sails from Danish strait amid Swedish claims China stifled investigation China-flagged bulk carrier Yi Peng 3 had been at anchor in international waters for nearly five weeks in the Kattegat...
The week in newbuildings: Dry cargo sector dominates The newbuilding orderbook for bulk carriers has reached 10.4% of the existing fleet in service, in deadweight terms. This is...
Hede eyes transpacific expansion amid China-US e-commerce boom Hede chairman Li tells Lloyd's List the company is acquiring capacity in the charter and secondhand markets, but high charter...
Daily Briefing Crimea to Syria route closed after Assad regime falls | Marine war risk will lose money in 2024, argues Aon's...
Red Sea to dominate Asia-Europe ocean trade again in 2025 Carriers have penciled in a return to the Red Sea and Suez Canal for the second half of the year, and some analysts are also using that as a baseline for their market outlooks, but the reality is that no one knows.
Risks 'coming fast' as global supply chain shifts nervously into new year Whether it be geopolitical crises, labor unrest or the wild card of a second Trump administration, the global supply chain will face no shortage of unknowns in 2025.
Shippers, forwarders face a new, harsher world in ocean shipping Container shipping has become a market where prior patterns of cyclicality must now coexist with non-cyclical forces of external shocks that long-beleaguered carriers have learned to use to their advantage, writes Peter Tirschwell.
Loan secures breathing space for FSG shipyards until the end of January The two German shipyards have been owned until now by controversial financier Lars Windhorst
Odfjell and Northleaf Capital escalate battle over debt appetite at US terminal business Following an unsuccessful mediation, the dispute has been taken to the Delaware courtroom.
SSY hires broker and analyst in quest to build up chemicals business Chemicals are a growth area for the group, managing partner has said
The Return of Churn: Insurers brace for profit hit from loss of elderly vessels Broker Gallagher reports rising number of pool claims likely to cost international group more than $650m in current year
'Decent' dividend upcoming for Genco despite dire dry bulk markets, says Fearnleys Analysts have praised owner's consistent dividends and think more will follow, despite sub-$10,000 capesize rates
MSC secondhand steamroller rolls on with purchase from a listed Greek shipowner The container ship market looks set to end the year as it started it - with MSC the busiest buyer.
Seafarers 'bill of rights' upgrade to improve pay, food and working conditions on board ships New measures come into force this week to fill key gaps in working conditions for seafarers
George Economou banks deal for newbuilding quartet as Zim raids container ship charter market Other Greek owners also secure contracts as the container line goes on a pre-Christmas charter spree
ExxonMobil swoops for two Greek-owned VLCCs to end long-term charter standoff Modern, scrubber-fitted VLCCs have an advantage in attracting lucrative, multi-year employment
Broker says insurers should reward tech-savvy shipowners seeking to improve safety and cut losses Head of insurance broker Atlantic says underwriting practices have failed to keep up with improvements in data collection
Europe approves $4.2bn subsidies to support Germany's costly FSRUs Fearnley LNG says risk of German regas units being idled could push down rates
First VLCC reported sold for recycling since August 2022 Deal for tanker with Iranian ties follows earlier reports that shadow fleet VLCCs were being circulated in demo market
Decarbonisation, disruption and a disruptor-in-chief: Key themes that shaped shipping in 2024 Sanctions and the Houthis continue to lengthen tonne-miles while a new US president already has shippers bracing for trade wars
Panama fires back salvo against Trump's weekend claims on Panama Canal Panamanian president says Panama Canal's sovereignty is non-negotiable after Trump describes it as a "gift"
Yang Ming gets the nod to order up to 13 neo-panamax container ships The new 8,000-teu to 15,000-teu vessels to replace old mid-size vessels
Cosco Shipping Bulk orders up to eight dual-fuelled newcastlemax bulk carriers The ammonia-ready 210,000-dwt bulk carriers will be equipped with methanol dual-fuel propulsion systems
Port strike threat helps boost trans-Pacific container rates Frontloading by importers ahead of 2025 helped Asia-U.S. ocean freight rates stay elevated into mid-December.
Texas, Louisiana ports see surge in November freight volumes Total freight movements were up in Houston, Corpus Christi and New Orleans, boosted by shipments of consumer goods, machinery and crude oil.
Yang Ming plans to order new container ships Liner operator Yang Ming of Taiwan announced plans to modernize its fleet with orders for as many as 13 newbuildings.
O'Toole re-elected NY-NJ Port Authority chairman Port Authority of New York and New Jersey announced the unanimous re-election of Chairman Kevin O'Toole.
FedEx makes big push for third-party air cargo Federal Express' strategy for improving profitability and soft parcel volumes includes redeploying aircraft for daytime international flights to capture containerized cargo.
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