Shipping under attack in the Red Sea, a new container shipping alliance, Chinese yards dominate newbuilding market, and much more in the latest episode of Maritime in Minutes.
US-based investment firm Nebula Energy has bought a majority stake in Singapore-based Atlantic Gulf & Pacific Company (AG&P) LNG and looks at forming new firm to transport LNG.
The north Chinese port of Shandong posted a cargo throughput of 1.71 billion tons in 2023, an increase of 5.6% year-on-year, making it the world’s busiest cargo handling port.
GTT, technological expert in membrane containment systems has signed two new Technical Services Agreements (TSA) with JOVO, a major energy supplier based in China.
Singapore-based Eastern Pacific Shipping (EPS) has ordered an additional two 7,000 ceu LNG-powered pure car and truck carriers from China Merchants Jinling Shipyard.
Middle East hostilities and decisions by many owners to re-route ships around the Cape of Good Hope is shoring up markets and keeping freight rates above expectations, which does not equate to good news for ship recycling markets.