A series of analyst reports over the last week from Xeneta, HSBC Global Research, and Sea-Intelligence present a downbeat picture ahead for container shipping with overcapacity leaving carriers subsidising shippers on key routes.

PSA Singapore and Pacific International Lines (PIL) have inked Memorandum of Understanding to develop low carbon pathways including shipping routes.

Ocean Network Express (ONE) has forecast a profit of $851 million for the year ended 31 March 2024, down some $14.1 billion on the previous year.

Global Shipping Business Network (GSBN) has signed a Memorandum of Understanding (MoU) with DNV to promote decarbonisation and accelerate the adoption of alternative fuels by enabling the trusted sharing of verified data for green claims.

Concessions to operate container terminals around the globe are coming to an end and the competition between terminal operators to win the new contracts on offer is intensifying in a number of locations.

Anemoi Marine Technologies has entered into a joint design cooperation agreement with CSSC Hudong-Zhonghua Shipbuilding for the design of rotor sails onboard LNG carrier newbuildings.

Copenhagen-based shipping performance optimisation specialist, ZeroNorth, and Singapore’s sensor and high-frequency data expert Alpha Ori Technologies (AOT) are to join forces.

Hafnia aims to have Elon Musk’s Starlink satellite communications service installed on all its vessels by the end of the year.

NYK has started to conversion of a tugboat to ammonia-fuel which it says is a world first.

Seafarers are warned that apparently better paid jobs on dark fleet ships could come at an even higher cost if a casualty occurs.