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...
As disclosed, the 12 millionth TEU was recorded on the evening of December 23, 2024, surpassing its previous record of 11.2 million in 2021, which, at the time, was said to represent an annual increase of 14%, compared to 2020’s 9.8 million TEUs. “By...
KUALA LUMPUR, Jan 4 — Retreaded tyres and imported tyres from China have become the top choice among heavy vehicle operators, dominating 80 per cent of the commercial vehicle tyre market. Their affordability makes them highly sought after, with costs significantly...
