Saudi Ports' container handling leaps 
In October 2023, Saudi Ports, managed by the Saudi Ports Authority (Mawani), reported a 5.31% increase in container handling, reaching 741,905 teu compared to the previous year. The number of export containers rose by 9.72%, while imported containers showed an uptick of... more
PCT in India in operation
In India, the new Patenga Container Terminal (PCT) will be operated by the port authority Red Sea Gateway Terminal International, a Saudi Arabian company. The Bay Terminal project will enable the processing of ships with a capacity of 6,000 teu and a draft of 10-12 m. Located at... more
ONE's wind power trial
Ocean Network Express (ONE) has initiated a trial to evaluate wind propulsion technology, collaborating with Econowind, to install two Ventofoil wind assist devices on the "MV Kalamazoo". The Ventofoils are designed to reduce fuel consumption and emissions by... more
AAL sets eco-surcharge
AAL Shipping has introduced an 'EU ETS Surcharge' to offset costs from the EU's new carbon emissions trading rules starting in January 2024. The additional fee will apply to all cargoes on AAL-operated vessels to or from European ports and be separate from standard freight... more
MIP's 38% capacity expansion
Mersin International Port Management (MIP) in Turkey has launched the USD 455 million East Med Hub 2 (EMH2) Project to expand its terminal capacity. Celebrated as part of the centenary of the Turkish Republic, it will increase the port's capacity from 2.6 million teu to 3.6... more
CMA CGM reshuffles its Asia-Africa network
The Marseilles-headquartered carrier CMA CGM will revamp its services connecting Asia with West and South Africa, effective from the first week of December. The carrier’s WAX service will now be dedicated to Nigeria, Ghana and Cote d'Ivoire, offered in 91 days with an... more
Chennai Tech Centre opens
Hapag-Lloyd has inaugurated its Technology Centre in Chennai, India, focusing on developing software solutions for the maritime industry. The facility is the result of a joint venture with Indian tech firm Solverminds and will initially house a team of 180 IT specialists, with... more
Shifting currents in ship finance
In its Q4 State of Ship Finance Report, Hamburg-based Oceanis highlights significant trends in green shipping finance. It notes that green financing is primarily beneficial for new and modern vessels, often excluding smaller shipowners with older fleets. There is a lack of... more
P&O's decarbonisation strategy
P&O Maritime Logistics, part of DP World, has detailed its strategy for decarbonisation in a new industry whitepaper, which highlights the significant challenges in the search for suitable alternative fuels. The whitepaper, which aligns with DP World's 'Our World, Our... more
Sharjah & Gulftainer: 35 more years
Gulftainer has extended its concession agreements with the Sharjah Ports, Customs and Free Zones Authority for 35 more years, reinforcing a partnership spanning over five decades. The deal supports the development of the Sharjah Container Terminal and the Khorfakkan... more