2024 financial year a strong one for Ocean Network Express
JAPAN’s Ocean Network Express has completed its 2024 financial year (April 2024- March 2025) in fine form but as with many contemporaries is very cautious about the year ahead....
MOL reports revenue growth as longer transit routes bolster rates
CONFLICT in the Middle East forcing ships to avoid the Red Sea was a key market influence in the containership and car carrier sectors during 2025, Mitsui O.S.K Lines has...
BYD marks delivery of car carrier BYD Shenzhen
ELECTRIC vehicle manufacturer BYD has taken delivery of the world’s largest capacity car carrier from shipbuilder China Merchants. BYD Shenzhen was named in a ceremony on 22 April...
Even more trade distortions to follow USTR dial-back
ALMOST A WEEK after the US Trade Representative office released the latest version of its 28 February China-targeted port and ship penalties, the proposed changes remain heavy...
Report released on YM Mobility explosion
THE China Maritime Safety Administration (CMSA) has released a report on its findings into the explosion and fire which occurred onboard box ship YM Mobility. The incident...
Cathay Cargo Terminal tests out electric tractors
CATHAY Cargo Terminal has completed the first end-to-end trial of Autonomous Electric Tractor (AET) operations at Hong Kong International Airport (HKIA). The trial involved a...
Containerline VASI Shipping collapses
A CONTAINER LINE that briefly dabbled in Australian trades during the COVID years has gone bankrupt, owing creditors US$19 million. VASI Shipping, founded in Singapore in 2012,...
MPA receives proposals to scale up LNG supply
THE MARITIME and Port Authority of Singapore (MPA) has reported to have received 14 proposals under its Expression of Interest (EOI) to scale up the supply of liquefied natural...
NYK merges three subsidiaries
JAPAN’s NYK Group is bringing together three subsidiary companies in the shipping and shipmanagement sphere under the name NYK Bulkships Partners. The amalgamation will take...
Norwegian Cruise Line vessels off to India
EXPANDING Indian premium cruise operator Cordelia has entered into a long-term charter arrangement with Norwegian Cruise Line Holdings to take 2,400-pax near sisters Norwegian Sky...
Landbridge maintains ‘not for sale’ position
CHINESE company Landbridge, the leaseholder of the Port of Darwin, has reiterated the business is not for sale and says neither it nor the port company has been involved in any...
Government, Opposition pledge to reclaim Darwin
BOTH MAJOR PARTIES in the Federal Election have declared an intention to cancel the Chinese company Landbridge’s 99-year lease of the Port of Darwin and find new commercial...
Rates merry-go-round continues
WITH Drewry's World Container Index taking a modest U-turn this week, spot rates between China and Australia have continued their modest recovery, encouraging carriers to attempt...
NYK completes ENEOS fleet acquisition
NYK’s agreement to take over all of compatriot ENEOS Ocean Corporation’s shipping business, with the exception of its crude-oil tanker business, took effect yesterday [1 April]....
MPA and Wärtsilä renew decarbonisation partnership
THE MARITIME and Port Authority of Singapore (MPA) has announced it has renewed its partnership with marine technology company Wärtsilä. The parties will collaborate with...
