In a market with a tight supply of large tankers DHT Holdings earned an average of $42,800 per day for its fleet of 24 VLCCs in the fourth quarter of 2023.

International Container Terminal Services, Inc (ICTSI) has won a 25-year concession to develop and operate the Iloilo Commercial Port Complex (ICPC) in Central Philippines.

A kamsarmax bulker and a general cargo ship have been damaged in the Red Sea by apparent Houthi attacks.

In 2023 Ukrainian trade on the Danube increased by 600% as the country’s seaports were blockaded and shippers sought ways to move cargo into, and out of the war-torn region, but the reopening of Black Sea ports has seen Danube volumes wane.

Houthi attacks on shipping in the Southern Red Sea have seen many ship operators rerouting vessels via the Cape of Good Hope, but despite the risk others have continued to send vessels through the region.

Cosco Shipping Lines has inaugurated its latest branch office in the Moroccan city of Casablanca, underscoring the growing significance of North African trade.

South Korea shipbuilder HD Hyundai is moving forward with plans to develop small modular nuclear reactors for shipping with TerraPower, Southern Company, and Core Power.

The volume of containers handled by Panama ports fell 2.4% to 8.32 million teu in 2023 from 8.52 million teu a year before.

Norsepower will install three of its rotor sails to Oldendorff Carriers’ post-panamax bulk carrier Dietrich Oldendorff.

The world’s third largest container line CMA CGM has stopped transiting the Red Sea and is rerouting via the Cape of Good Hope to avoid the threat of Houthi attacks.