Ports operator and logistics giant DP World is celebrating a major milestone: it now has 100 million TEU in container handling capacity across its global footprint. Over the past four and a half decades, the Dubai-based conglomerate has been aggressive in bidding for...
Norway’s NuProShip (Nuclear Propulsion in Shipping) project is transitioning into its second stage as of January 2025 after having completed initial studies into Generation IV reactors. The project which launched in 2023 has the ultimate purpose to develop a...
With global ship demolition at record low levels, Bangladesh’s shipbreaking industry has reported that 2024 saw a massive drop in scrap ship imports. Only 144 ships were sent to Bangladesh last year for recycling, equivalent to 968,000 GT, the lowest since 2005. As...
The U.S. Treasury has announced new action against the Russian “shadow fleet” with sanctions on an unprecedented 183 tankers, along with two Russian insurers specializing in questionable P&I cover. “The United States is taking sweeping...
A report from S&P Global’s Journal of Commerce says talks are set to resume between the International Longshoremen’s Association and the terminal operators at U.S. East Coast and Gulf Coast ports represented by the U.S. Maritime Alliance (USMX). This comes after...
In what is being called a “significant milestone,” Singapore’s largest terminal operator PSA Singapore reported that as of December 24, it surpassed 40 million TEU handled at its terminal in 2024. Representing significant volume growth, it came as the port struggled...
