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.

CIMC, COSCO Shipping Kansai, CAI, CXIC, Xchange and Touax Container Leasing are among prominent companies confirmed to exhibit at Intermodal Asia 2024, which will take place from 22 – 24 May 2024 at SWECC, Shanghai.

Chinese automobile manufacturer BYD is planning to put seven new car carriers into operation in the coming two years to meet the growing export demand.

Shipping technology firms ZeroNorth and Alpha Ori Technologies have received regulatory approvals for their merger and will integrate under the brand ZeroNorth.

Container lines and their clients are engaging in their annual pre-contract rate dance, aided, to a certain degree, by analysts’ forecasts on the state of the industry.

SeaLead and Blue Water Line are rolling out a new service connecting Indian ports with Saudi Arabia, UAE and Oman.

Mitsui OSK Lines (MOL) has completed a carbon insetting trial with 123Carbon that aims to allow customers to reduce their Scope 3 emissions.