China Merchants Energy Shipping is expanding its dry bulk fleet with eight new newcastlemaxes from the Chinese shipyard New Times Shipbuilding.

The Port of Salalah announced that it is on course to expand annual container handling capacity from 5m to 6m teu by the end of the year.

Christmas has come early for the shipping lines with peak season arriving ahead of its usual scheduled slot in August to September. Rate levels tell their own story as demand and congestion have seen rates leap to over 350% higher in some trades...

The main channel into Baltimore is days from being completely cleared as salvors and engineers continue working to remove the final pieces of the Francis Scott Key Bridge.