Container spot freight rates between Asia and Europe jumped 60% in the space of two weeks and there have even been sharp increases on trades such as Asia – US West Coast which are not directly affected by the Red Sea crisis.
Nakilat has ordered six new gas carriers to meet its forecasts of continued expanding demand for gas transportation.
Former Port of Salalah chief Mark Hardiman has been appointed as the new Chief Executive Officer at the Port of Tanjung Pelepas (PTP) in Malaysia.
Lemissoler Navigation and Shanghai Merchant Ship Design and Research Institute (SDARI) received ABS approval in principle (AiP) for their design of a 65,000 dwt methanol-fueled ultramax bulk carrier.
Strength in the fundamentals of the tanker market are seen in the coming year as the sector continues to benefit from geopolitical turbulence and resulting disruption.
PSA Mumbai has become India’s first container terminal powered by 100% renewable energy with the commissioning of its 7.8MW solar farm with O2 Power.
