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Evergreen grows interest in Egypt’s Abu Qir Terminal

Evergreen Marine Corporation has increased its stake in the greenfield Egyptian container terminal, Abu Qir, to 25%. The Taiwanese liner operator paid US$12.65 million to...

Black Sea shipping operations on the table

Russian and US experts will meet in Riyadh, Saudi Arabia, on 24 March to discuss measures for securing Black Sea shipping as part of...

Europe’s shipping strength under pressure amid rising Asian competition

European shipping has solidified its role as a key geopolitical asset for the European Union (EU), commanding a significant portion of the global fleet. This...

Gaza escalation raises risks of further disruptions in Red Sea

The ceasefire between Israel and Hamas ended on March 18, with Israel resuming military operations in the Gaza Strip. This development heightens concerns regarding...

Major box lines move to acquire ownership of chartered vessels

Evergreen Marine Corporation, Ocean Network Express (ONE) and HMM have all purchased several ships that they had on long-term charter from leasing companies, as...

Industry backlash against US tariffs on Chinese-built ships

The US Trade Representative's proposed Section 301 actions targeting Chinese-built and operated vessels are facing staunch opposition from key stakeholders within the maritime industry. The...

Vietnam demonstrates resilience and emerges as key player in global trade

Vietnam is charting a resilient path through the turbulent waters of global trade with a set target of US$454 billion in exports for this...

Bengal Tiger Line expands services to the Mediterranean

Singapore-based ocean carrier Bengal Tiger Line (BTL) has broadened its operational reach to the Mediterranean by introducing a new service route connecting Turkey, the...

HMM, Wan Hai and ZIM among stellar performers of 2024

HMM, Wan Hai Lines and ZIM Line were the best-performing liner operators in 2024, which was the third best year for the industry, with...

Global economic uncertainties and regional pressures prompt Thailand to accelerate upgrades

Thailand's economic outlook has recently been shaped by a complex mix of internal challenges and external pressures, with significant developments affecting investor sentiment and...

US continues strikes against the Houthis in asymmetric escalation

Houthi leader Abdul Malik al-Houthi said on 16 March that his militants would target US ships in the Red Sea in the wake of...

Jeddah Islamic Port demonstrates resilience amid disruptions, but challenges persist

Jeddah Islamic Port, Saudi Arabia’s largest container port and a critical transshipment hub on the Red Sea, has faced significant challenges over the past...

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Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...

MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...

US sanctions target Iran-China oil trade, stirring waves across global shipping

As Washington ramps up its campaign to stifle Iranian oil revenues, a new chapter is unfolding in the ongoing tensions between the United States,...

AD Ports Group reports strong Q1 results

AD Ports Group delivered a solid financial performance in the first quarter of 2025, with significant year-on-year growth in revenue, earnings, and profits. Revenue for...

Clarksons: Tariffs could see negative growth for container shipping

Clarksons has warned that container shipping demand could regress if the US-China tariff war continues beyond this quarter. (adsbygoogle =...
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