Latest News

Sep 28, 2022

Suez Canal to hike transit tolls in 2023

Tolls for vessels using the Suez Canal are set to rise by 15% next year with the exception of dry cargo and cruise ships which will increase by 10%.

Mar 20, 2022

Saudi Arabia inaugurates Port of Jazan

Hutchison Ports celebrated the inauguration of Jazan in Saudi Arabia with a visit from the royal commission.

Mar 20, 2022

DP World building London Gateway warehouse on spec

DP World announced it has started construction of a 119,000 sq ft warehouse at its London Gateway Logistics Park before securing a tenant.

Mar 20, 2022

Container spot rates plunge 58% since January

Container spot rates have fallen by 10% for the fourth week running as increasingly looks like the sector could be in for a hard landing.

Mar 20, 2022

Lines seize Golden Week opportunity for blank sailings

Container capacities on the main trade routes out of China are set to plummet in the weeks following Golden Week as lines blank sailings to maintain rates.

Mar 20, 2022

UK port strikes compound with supply chain issues

Delays from ongoing strike action at the Port of Liverpool will be lesser than those from Felixstowe, but still compound with upsatream and downstream logistics issues.

Mar 20, 2022

Brazil adds more ports to privatisation plan

The Brazilian government has announced it was adding several ports to its privatization plan with including both Rio de Janeiro’s port authority CompanhiaDocas do Rio de Janeiro (CDRJ) and Pará state port authority CompanhiaDocas do Pará (CDP).

Mar 20, 2022

CULines and Antong plan joint shipping and logistics investments

Two fast expanding Chinese logistics service providers, China United Lines (CULines) and Antong Holding are teaming up for joint development in shipping and logistics.

Mar 20, 2022

Voyager seeks collaboration on optimised port arrival with Singapore Living Lab

Voyager Worldwide has partnered with the Maritime & Port Authority of Singapore (MPA) for a Living Lab aimed at combining route planning with port just-in-time arrival to reduce fuel consumption and emissions.

Mar 20, 2022

Ship finance returns to growth for first time in 11 years

Global ship finance grew in 2021, the first time since 2010, as demand surged across all shipping sectors apart from tankers.

Mar 20, 2022

Shipping can no longer remain on the sidelines, says ICS

The shipping industry must co-operate with other sectors to influence decisions that will fundamentally affect shipping, according to ICS.

Mar 20, 2022

CMA CGM sets up $1.5bn energy transition fund

CMA CGM is setting up a $1.5bn fund to accelerate the energy transition in shipping and logistics.

Mar 20, 2022

Container shipping record $63.7bn Q2 profits, no collapse imminent says report

The record profitability of the container shipping sector continued to grow in Q2 hitting an estimated $63.7bn in the second quarter of 2022, according to Blue Alpha Capital.

Mar 20, 2022

Singapore officially opens Tuas Port

Singapore officially opened Tuas Port on Thursday as the Republic moves to consolidate all its container terminals into a single location over the next 20 years.