The idle container ship fleet has contracted again as the crises in the Red Sea and Panama Canal suck capacity into service diversions and distort the market, as newbuildings arrive to alleviate tonnage crunch.
Throughput at the Port of Rotterdam fell by 6.1% in 2023 as geopolitical unrest, low economic growth and high inflation weighed on Europe.
Yara Marine Technologies (YMT) has rebranded as Manta Marine Technologies following its acquisition by Okapi Supply Trading Advisory and announced a new management team.
The newly merged NorthStandard is one of several P&I Clubs reporting strong renewal results, with a rise in premium income and a positive response to its post-merger scale and corporate structure.
Shipping technology firms ZeroNorth and Alpha Ori Technologies have received regulatory approvals for their merger and will integrate under the brand ZeroNorth.
Damen Shipyard has unveiled its new Compact Tug ASD Tug 1810 designed for modern port operations.
Netherlands-based stainless steel chemicals tanker owner, Chemship, has commissioned the upgraded 2015-built Chemical Challenger, the first ship in its fleet to have a wind sail retrofit.
Heavy lift outfit Jumbo Offshore will be represented by Sea Horizon offshore in the Middle East under a new agreement between the companies.
CMB.TECH has announced the order of the world’s first ammonia-powered container vessel in partnership with Yara Clean Ammonia, North Sea Container Line and Yara International.