In the first nine months of 2024, the Black Sea container terminals of Bulgaria, Romania, and Ukraine collectively handled 979,000 TEU (Twenty-Foot Equivalent Units), marking a significant 14% increase compared to the same period in 2023. This growth highlights the recovery of containerized trade, particularly in Ukraine, following the restoration of key maritime links to […]
BYD has unveiled the world’s largest RoRo (Roll-on/Roll-off) vehicle carrier, the BYD Shenzhen, which is capable of transporting up to 9,200 cars. This state-of-the-art vessel, named after BYD’s hometown, undocked from Yangzhou Port, located about three hours northwest of Shanghai. The ship measures 219 meters in length, 37.7 meters in width, and has a draft […]
Hapag-Lloyd has informed its customers that the existing EU ETS surcharges are expected to “roughly double” starting January 1st, as the scope of the EU Emissions Trading System (EU ETS) expands. The company explained that this increase will be driven by the higher emissions costs resulting from the EU ETS’ expansion, as well as the […]
Grain de Sail, a French sail cargo company and chocolatier, has unveiled its most ambitious project yet: the Grain de Sail III, a significantly larger sail cargo ship designed to enhance its operations. With a capacity of 200 TEU (approximately 2,800 metric tons), this new vessel aims to scale up the company’s sustainable maritime transport […]
DP World has announced the acquisition of 47,000 TEUs (Twenty-foot Equivalent Units) that are now registered and branded under the company. This strategic move significantly enhances DP World’s cargo capacity, allowing for a more agile response to customer needs. The addition of these containers ensures seamless access to vital container capacity, empowering customers to maintain […]
A.P. Moller – Maersk celebrated the naming of its latest dual-fuel methanol container vessel, Alexandra Maersk, today at the Port of Felixstowe, England. This 16,000 TEU vessel is the fifth in a series of innovative ships, reinforcing the company’s commitment to sustainable shipping. Mike Kane, the UK’s Maritime Minister, highlighted the significance of this vessel […]
Hurricane Milton is rapidly intensifying as it moves across the Gulf of Mexico, now classified as a high-Category 5 storm, with sustained winds reaching 155 knots and a dangerously low central pressure of 897 mb. According to the National Hurricane Center (NHC), conditions could allow for further intensification overnight due to the warm waters of […]
Carriers are ramping up preparations for a potential strike at U.S. East Coast and Gulf Coast ports, with the situation between the International Longshoremen’s Association and the U.S. Maritime Alliance showing no signs of resolution. In response, shipping companies are introducing surcharges to mitigate anticipated disruptions while maintaining expectations of strong demand during the peak […]
DP World’s Jebel Ali Port achieved a remarkable milestone in July 2024, setting a new monthly container throughput record of 1.4 million TEU, surpassing its previous high from 2015. This achievement builds on a robust performance in the first half of the year, during which the port handled 7.3 million TEU, marking a 3.9% increase […]
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