Switzerland-based ABB is facing security risk investigation launched by two congressional committees of US for its ties with China’s leading port machinery manufacturer Shanghai Zhenhua Heavy Industries (ZPMC).
As geopolitical and economic factors persist, including tensions between the US and China and relatively high interest rates, there are many reasons for caution.
The new Gemini Cooperation alliance of Maersk and Hapag-Lloyd is seen as positive news by shippers and analysts as the two lines set out their ambitions around schedule reliability and green credentials.
Empresa Nacional del Petroleo (ENAP) and SAAM Towage, have signed a service agreement that will make Chile the first country in Latin America with an electric tugboat.
APM Terminals (APMT) says it will invest an initial $500 million to build a major container terminal near the mouth of the Mississippi River, on the West Bank of Plaquemines Parish.