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.
![A CMA CGM containership under construction at CSSC Jiangnan]( "A CMA CGM containership under construction at CSSC Jiangnan")
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.
![Will Fray, Director of Maritime Strategies International]( "Will Fray, Director of Maritime Strategies International")
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 Group Takaya Soga]( "NYK Group Takaya Soga")
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.
The Chinese port of Shanghai maintained the title as the world’s busiest container port in 2023 with a 3.6% increase in volumes.
Container shipping is under pressure from large amounts of new capacity coming into the fleet, however, events in the Red Sea are boosting spot rates at least in the short-term.
As the Isle of Man registry celebrates the Berge Olympus as the most powerful sailing ship in the world the focus on wind power could swing the maritime industry behind a technological renaissance.
Empire Offshore Wind, a joint venture between Norwegian state company, Equinor, and energy major bp, have pulled out of a wind farm contract at Seatrium valued at more than $250 million.
We’ve all heard of copy watches and fake designer handbags, but it seems counterfeiting even extends to ship’s pilot ladders.
