Orient Overseas to Add 14 Vessels to Fleet by 2029 in Multi-Billion Dollar Deal
On April 29th, 2025, Hong Kong-listed Orient Overseas (International) (0316.HK) announced that its subsidiaries have placed orders for the construction of a significant number...
Trade Route Adjustments and Supply Chain Issues Plague Tank Containers Post-Tariffs
The introduction of "reciprocal tariffs" by the Trump administration in April 2025 has had a significant and far-reaching impact on international trade and transport,...
Asia Container Market Heats Up: Drewry’s IACI Shows Significant Gains
Drewry's Intra-Asia Container Index (IACI), which tracks the average spot freight rates for containers within Asia, saw a 6% increase over the two weeks...
Gulf Coast Ports Report Increased Cargo Volumes in March After February Slump
Houston and New Orleans saw increased volumes of container and breakbulk cargo in March, while Corpus Christi, Texas, continued to experience strong demand for...
Molgas Energy Completes Landmark Bio-LNG Bunkering Operation in Spain
Molgas Energy Group's successful completion of its first bio-LNG bunkering operation in Spain is a significant step forward in the country's efforts to decarbonize...
Leveraging Port Congestion Insights to Reduce Emissions
StormGeo collaborates with Awake.AI to integrate AI-driven port call analytics into its voyage optimization services, enhancing ETA predictions and reducing port congestion.
The...
Europe’s First Offshore CO₂ Carrier Marks Key Milestone for Greensand and EU CCS Goals
Europe’s first dedicated offshore CO₂ carrier, built in the Netherlands, enters final construction phase as part of Project Greensand.
The vessel will transport...
USTR Confronts Transpacific Niche Carriers
Only 2 vessels operated by Transpacific niche carriers in Q1 2025 would be affected by the new USTR fee targeting Chinese-built ships.
Matson...
Coast Guard Uncovers Major Hazmat Violations in New York Port Inspections
Coast Guard spot checks revealed a 60% hazardous material compliance failure rate in New York and New Jersey port warehouses.
The effort builds...
Reintroduced SHIPS Act Targets Chinese Newbuild Orders
The reintroduced SHIPS for America Act proposes strict penalties on shipowners ordering from Chinese shipyards and mandates increasing cargo transport on US-built ships.
...
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