Maersk, the City of Yokohama, and Mitsubishi Gas Chemical (MGC) have signed a Memorandum of Understanding (MoU) for the development of green methanol bunkering infrastructure at the Port of Yokohama, Japan.
Chinese shipyards have secured 64.85 million dwt of newbuilding orders in the first 11 months of 2023 with an increase of 63.8% year-on-year.
After a disappointing year the dry bulk market picked-up in the last two months of 2023, but the question is will this upturn continue in 2024?
NYK’s President has pointed to multiple geopolitical challenges affecting its ability to make immediate judgments on the group’s position in many countries.
Spot container freight rates from Asia – Europe have more than doubled over the last two weeks as lines divert via the Cape of Good Hope to avoid attacks in the Red Sea.