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Shipping Stocks Overview: Weekly Market Highlights

The container shipping sector experienced a mix of steady performances and price fluctuations over the past week, as investors reacted to global trade dynamics,...

Shipping Stock Market: Weekly Update

The container shipping sector continues to navigate a dynamic landscape shaped by shifting freight rates, global economic conditions, and supply chain developments. Investor sentiment...

Weekly Update: Container Shipping Stock Highlights

The container shipping market saw a dynamic week, marked by notable fluctuations in stock performance among key players. Factors such as tariffs, political tensions,...

NYK establishes ship management firm for offshore wind power projects

In December, NYK jointly established Japan Offshore Support (JOS) together with Akita Eisen KK to provide ship maintenance and management services for offshore wind...

NYK launches world’s first commercial ammonia-fueled tugboat

On 23 August 2024, NYK and IHI Power Systems, in collaboration with Nippon Kaiji Kyokai (ClassNK), completed the world’s first ammonia-fueled tugboat, Sakigake. This vessel,...

NYK buys segments of ENEOS Ocean’s shipping business

NYK will acquire 80% of the shares of a new company to be established by ENEOS Ocean Corporation, a consolidated subsidiary of ENEOS Holdings,...

NYK pioneers truck-to-ship fuel ammonia bunkering

At the Sea Japan 2024 event, NYK announced its plans to supply fuel ammonia at the end of May to an upcoming NYK-owned ammonia-fueled...

NYK partners with Japan Coast Guard on maritime data open platform

On 26 January, NYK announced its agreement to share oceanographic data, including wind direction and speed gathered by NYK-operated vessels, with the Japan Coast...

NYK initiates construction of in-house biofuel testing facility

On 29 January, NYK conducted a groundbreaking ceremony at a Chiba Prefecture site, marking the commencement of the construction of a test engine facility...

NYK to install air compression systems on LNG-fuelled car carriers

NYK is set to implement a cutting-edge Variable Compression Ratio (VCR) system in the construction of LNG-fuelled car carriers by Shin Kurushima Dockyard, with...
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Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...

Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...

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...
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