The two ports discussed various areas of potential cooperation regarding sustainable maritime transport during the UK-Singapore Green Economy Framework (UKSGEF). The meeting was seen as paving the way for further discussions on green and digital shipping cooperation...
However, some shippers and forwarders believe an electronic payment system favours the shipping lines, who can use the system to make late payment charges, adding another minor revenue stream to their income. Container Trade Statistics calculates that around 173m...
Did container liner execs recklessly binge on newbuilding orders, needlessly sabotaging their own bottom lines (and stocks) for years to come? Are some public tanker companies shortchanging their own shareholders by not returning enough capital via dividends and...
TIPC is to invest NT$4.47 billion ($139.8 million) to upgrade infrastructure at the third and fifth container terminals of Kaohsiung port which will significantly increase the terminals handling capacity and operational efficiencies. Draught will be deepened and...
The analysis will please the small group of VLCC owners who have embarked on something of a VLCC spending spree in recent weeks. Through the course of 2023, VLCCs on order had fallen to a long-time low. The few contracts that were placed were at significantly higher...
The Port of Los Angeles handled 781,434 teu in February this year compared to 487,846 teu in February 2023. “Market confidence in our gateway is as strong as it’s ever been,” said Port of Los Angeles Executive Director Gene Seroka at a media briefing. “We’ve...
