Container line ZIM slumped to a massive $2.27 billion loss in Q3 2023 as it took a $2.06 billion non-cash impairment due to the negative outlook for the container sector.

Nasdaq-listed Capital Product Partners is shifting focus to LNG carriers with a $3.1 billion foray into the sector, while planning to exit containers.

The US International Development Finance Corporation (DFC) is investing $553 million into the construction of the Colombo West International Terminal (CWIT), a 3.5 million teu facility on the port's western breakwater.

The tanker stocks are benefiting from the action in product trades as the winter season looms driving demand.

Even restricting the Panama Canal number of Neo-Panamax transits to just five there should still be enough capacity for containerships, however, it will be a different story for other vessel types such as gas carriers.

The Chilean giant state mining company Codelco, Japan’s NYK Bulk & Projects Carriers (NBP), Oshima Shipbuilding and Sumitomo Corporation have signed a Memorandum of Understanding (MoU) design and build an ammonia dual-fuel handymax bulker.

One of the main infrastructure projects in Natal and Rio Grande do Norte, the expansion of the port in the state capital, has been estimated at $250 million, according to a study commissioned by the National Confederation of Transport (CNT).

The latest restrictions on transits of the Panama Canal have prompted Ocean Network Express (ONE) CEO Jeremy Nixon to write to Panama President Cortizo, while other shipowners have already started diverting sailings.

A study commissioned by German shipowner Oldendorff Carriers shows stability and degradation issues for biofuels.

International Seaways (NYSE: INSW), the large New York based tanker owner is set to sail ahead on a unique confluence of rising tides.