A rise in freight rates in Q4 FY2023 due to geopolitical tensions in the Middle East pushed Ocean Network Express (ONE) back into the black, and it is forecasting a profitable FY2024.

As part of its massive newbuilding plans QatarEnergy has ordered 18 LNG carriers for some $6 billion to be built at Hudong-Zhonghua Shipyard.

A sluggish last two years has been left behind according to consultancy MSI in its monthly liner shipping report for April, but the devil is in the detail as figures for early 2024 skewed by sluggish year-on-year comparisons.

OOCL is expanding its Asia - Latin America network with a new service linking China, Japan, and Korea with Mexican ports.

Anglo American has rejected a takeover bid from BHP, averting for now what would be the biggest shake-up in the mining sector in a decade, but analysts see a merger having limited impact on dry bulk shipping.

Nantong CIMC SinoPacific Offshore & Engineering, a subsidiary of CIMC Enric, has signed a contract with Avenir LNG for two 20,000 cu metre LNG carrier and bunkering vessels.

DP World is partnering Malaysia’s Sabah Ports to manage Sapangar Bay Container Port (SBCP).

A total of 60 methanol auxiliary engines have been ordered for 12 container vessels for Chinese owners.

The rapid growth in lithium battery shipments has raised concern over the increased fire risk for containerships.