500,000,000 / year 
German maritime ports’ hopes and expectations. The national association of maritime port enterprises in Germany, ZDS, has called for a more ambitious port policy from Berlin, and reiterated a call for financial support from the government. ITJ correspondent Claudia Behrend... more
Icebreaker project to drive expansion in shipyard 
Davie and Pearlson & Pearlson have partnered to modernise Davie’s shipyard in Lévis, Québec, supporting the construction of seven heavy icebreakers and two hybrid ferries under Canada’s national shipbuilding strategy (NSS). The upgrade includes six new buildings, five... more
BMS connects Malta, Adriatic, and East Med ports
CMA CGM’s short sea lines division will launch the Bora Med Service (BMS) on 23 December 2024, linking Turkey, the Adriatic, Malta, and the Eastern Mediterranean with a weekly service. Operated by six 2,500 teu vessels, it will facilitate global trade through key ports,... more
Dry bulk fleet renewal faces uncertain future
Dry bulk newbuilding contracting has dropped 70% below the yearly average in the past three months due to falling freight rates, uncertain market conditions, and high newbuilding prices, according to Bimco’s shipping analyst Filipe Gouveia. Weaker Chinese import demand and... more
Dual-fuel LNG carrier joins fleet
UECC has added the dual-fuel LNG car carrier "Blue Aspire" to its eco-friendly fleet, boosting capacity on its European north-south trading route from mid-December. Delivered by CIMC Raffles Offshore Engineering, the 200 m pure car and truck carrier (PCTC) can... more
Moselle: lock closure disrupts supply chains
The closure of the Moselle lock at the Müden barrage (Germany) after a ship collision has severely impacted the regional economy, particularly industries such as oil, food, and steel. Inland ports have called for prompt repairs and comprehensive updates from the waterway... more
Expanded services to drive trade opportunities
Jaxport is set to extend its global trade connections in 2025 through strategic alliances with major ocean carriers following the dissolution of the 2M Alliance. Key developments include the Gemini Cooperation’s new direct service to Cartagena, Colombia, improving access to... more
Second neo-Panamax container ship delivered
OOCL has unveiled its second 16,828 teu container vessel, “OOCL Iris,” built by Nantong Cosco KHI Ship Engineering (Nacks). This vessel, the second in a series of ten, features advanced technologies for operational efficiency, including an integrated data platform for fuel... more
New carbon inset scheme at London Gateway
DP World has launched the world’s first container port “carbon inset programme” at its UK logistics hubs, London Gateway and Southampton, starting 1 January 2025. The six-month trial offers importers 50 kg of independently certified carbon credits for every loaded container... more
Investors back Syroco’s emission-cutting platform
Syroco has secured EUR 7.5 million in series A funding from Alter Equity, Seventure Partners, and previous investors to advance its AI-powered weather routing and vessel optimisation platform aimed at reducing maritime fuel consumption and CO2 emissions. The funds will... more