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2024-12-23
China dominates world containership building
CHINESE shipyards have dominated the construction of containerships, commanding an impressive 68.5 per cent of the global orderbook capacity, according to Alphaliner. This transformation marks a dramatic reversal from historica......
2024-12-13
Running ships more efficiently key to emissions reduction
DITCHING the frequently used 'sail fast, then wait' mantra could slash emissions by huge margins, a joint study undertaken by University College London (UCL) and the consultancy, University Maritime Advisory Services (UMAS), has found. ......
2024-11-29
Nigeria's maritime sector hit by flood of empties
THE Nigerian maritime industry has yet to overcome the persistent challenge of how to manage empties, reports Lagos's Punch. In a 2022 World Bank study, Nigeria was cited as one of the top 20 countries with the highest imbalanc......
2024-11-22
UK orders China firm to divest Scottish chip stake
THE British government has ordered China-registered Future Technology Devices International Holding to sell 80.2 per cent of Scotland-based chip company FTDI over national security risks, reports Reuters. "The order has the eff......
2024-11-06
Trump win 'carries disruptive risk' to box market
THE container shipping industry's largest players are foreign owned but the US presidential election could have an impact on ocean carriers and the ports they favour, reports Massachusetts Sourcing Journal. A recent analysis fr......
2024-10-23
Maersk sees China as source of a dozen 16,000 TEUers
DANISH shipping giant Maersk Line has reportedly ordered up to a dozen LNG dual-fuelled 16,000-TEU containerships at New Times Shipbuilding in China. Greece's Xclusiv Shipbrokers stated in its latest market report that Maersk L......
2024-10-15
Russia steps up bombing of merchant shipping in the Black Sea
A RUSSIAN ballistic missile strike on infrastructure at Ukraine's port of Chornomorsk has killed six people, wounded 11 others and damaged a Panama-flagged containership. This is the fifth merchant ship to have been hit by the ......
2024-10-07
Russian sanction-busting tanker spotted off Irish coast
A liquefied natural gas (LNG) cargo vessel named New Energy - sanctioned by the US State Department for violating international sanctions on Russian oil and gas - was recently spotted off the coast of Galway, Ireland. The vesse......
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