Container market faces steep Q3 rate drops 
Container spot rates dropped by 43% in Q3/2024, marking the worst third-quarter performance in a non-Covid year since the Shanghai Containerised Freight Index (SCFI) was introduced in 2009, according to Bimco’s chief shipping analyst, Niels Rasmussen. The SCFI, which tracks... more
New ships in DP World fleet promise fuel savings
DP World has expanded its marine fleet with two newbuildings, the ‘Navios Utmost’and the ‘Navios Unite’, which were named at a ceremony in China’s Changhong shipyard. These Sapphire 5300 compact gearless containerships are part of DP World’s fleet renewal, focusing on... more
Automation dispute triggers strikes in US ports
An ILA port strike in the USA, involving 45,000 dockworkers, began at midnight on 1 October, closing around 36 ports on the East and Gulf Coasts. This industrial action significantly affects nearly half of the country’s import and export activities, leading to disruptions and... more
MacGregor lands deal for twelve Cido PCTCs
MacGregor, part of Cargotec, has received an order from Cido Shipping to supply cargo access solutions for twelve pure car and truck carriers (PCTCs), with an option for eight additional vessels. The ships will be built by China Merchants Heavy Industry (Jiangsu), with... more
AI tools to enhance global trade
Maqta Gateway, part of AD Ports Group’s digital cluster, has entered a strategic partnership with Presight AI Technologies to jointly develop AI-powered solutions aimed at enhancing trade and logistics operations. The agreement focuses on driving local innovation and... more
A historic arrival at Puerto Aguadulce
Puerto Aguadulce recently made history by handling the "APL Fullerton", the largest capacity vessel ever to dock on the Colombian coast. The ship, operated by CMA CGM, has a capacity of 19,856 teu. This achievement highlights the terminal’s capability to manage... more
CPC Istanbul completes major projects in 2024
CPC Istanbul, part of the Coli Group, successfully implemented eight industrial projects in various sectors, including oil & gas, power, and mining, during the summer of 2024. The projects involved shipments from Turkey to destinations in the Americas, Canada, Europe, and... more
European ports push for consistent OPS tax policy
The European Sea Ports Organisation (Espo) and the Federation of European Private Port Companies and Terminals (Freport) are advocating for an EU-wide mandatory tax exemption for onshore power supply (OPS) in the revised energy taxation directive (ETD). They argue that such... more
Santos greets new international port association
The new International Association of Port Development (Iaports) that has now been established in Santos, Brazil marks a historic development in the port sector. The association aims to enhance global competitiveness, innovation, and sustainability within the industry.... more
Breb creates offshore services portfolio
German shipping company Breb has introduced a new port & offshore services division to address increasing demands in the maritime industry, particularly in wind energy. This division’s portfolio includes offshore logistics, equipment rental, and marine agency services. ... more