Singapore-based commodity trading giant, Trafigura, has ordered four medium gas carriers (MGC) that will be powered by ammonia dual-fuel engines, at Hyundai Mipo Dockyard in Ulsan.
Major logistics providers say the gap in asking prices between shippers and container lines has slowed down contract negotiations on the Transpacific.
Dutch shipbuilder Damen Shipyards Group has launched the fully electric tug being built for the Port of Antwerp-Bruges.
The month of April set a new record for box ship deliveries as newbuildings continue to flood into the market.
As many countries enjoy the May Day holiday spare a thought for seafarers working far away from home and running the gauntlet of geopolitical conflicts.
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.