Global trade faces rising protectionism 
Industry executives gathered in Montreal at the “Shaping the Future of Shipping Summit” on 13 June, which was organised by the International Chamber of Shipping (ICS) and the Chamber of Marine Commerce, Canada (CMC), to address global trade challenges. Key issues included rising... more
New ownership for V. Group
V. Group, a global maritime services provider, announced that a consortium led by Star Capital, including Ackermans & van Haaren, will acquire the company from Advent International, pending regulatory approval expected by early autumn 2024. This acquisition aims to... more
China leads in seafarer pay increases
China has experienced the highest increases in seafarer wages among the main seafaring countries in recent years, according to Drewry's latest manning annual review and forecast report. As the second-largest supplier of seafarers to international merchant shipping,... more
MSC to digitalise freight contracts with Nyshex
MSC has partnered with New York Shipping Exchange (Nyshex) to digitalise the performance monitoring of its ocean freight contracts. Nyshex's platform will give MSC real-time insights into its contracts, monitoring key terms, allocations, and service levels, and comparing this... more
GAC opens fresh chapter in New Zealand ports
GAC Group, a provider of shipping, logistics, and marine services, is set to acquire Quadrant Pacific's ship agency business in New Zealand. The acquisition will enable GAC New Zealand to directly manage ship agency services in all ports in the country, thus enhancing its... more
New 13,100 teu vessel joins Wan Hai fleet
Wan Hai Lines held a naming ceremony for its new 13,100 teu containership, “Wan Hai A16”, at Samsung Heavy Industries' Geoje shipyard on 5 June. The vessel, christened by Ms. Chueh Yao Guey-Ling, the wife of Mr. Chueh Meng-Chang from Far Eastern New Century Corporation, is the... more
Helsingborg tests self-driving terminal tractor
In collaboration with Terberg and Easy Mile, the port of Helsingborg is testing an autonomous terminal tractor in its container terminal. The initial phase will be conducted outside regular production times to ensure the system's readiness for live testing by the autumn. The... more
Regional shifts reshape global port rankings
The latest Container Port Performance Index (CPPI) published by the World Bank and S&P Global Market Intelligence highlights significant shifts in global container port performance, with East and Southeast Asian ports dominating the top rankings for 2023, securing 13 of the... more
Two more eco-friendly mega vessels
Orient Overseas Container Line has put two new 24,188 teu mega vessels, "OOCL Finland" and "OOCL Sweden," into service, marking a milestone in the company's fleet upgrade. With these additions, the carrier has received ten eco-friendly mega containerships of... more
UECC use of biofuel rises
United European Car Carriers (UECC) is set to surpass its 45% emissions reduction target by 2030 after significantly increasing biofuel usage in its fleet. Last year, UECC more than doubled its use of ISCC-certified sustainable biofuel B100, reaching 14,000 t, which contributed... more