Hapag-Lloyd does not expect the situation in the container market to ease before the first quarter of 2022. Supply chain bottlenecks, port congestion and a capacity crunch have driven container lines to previously unknown levels of profitability and Hapag-Lloyd’s...

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Container volume at eight major Chinese ports declined 11.2% in late July, as several ports temporarily shut down operations due to typhoon Yanhua. Container export volumes dropped 12.3% while the domestic volume also declined 8%. Cargo throughput at major coastal hub...

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At Concordia Maritime AB’s Extraordinary General Meeting on 12 August 2021, it was resolved in accordance with the proposal of the Board of Directors to approve the agreement with Stena Bulk AB on time charter of all of the Company’s ten P-MAX product tankers (the...

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From 1 September 2021, ship owners and operators calling at ports in Sierra Leone risk penalties of up to USD 15,000 if they carry fuel with a sulphur content exceeding 0.5 percent. Ships or members experiencing problems related to enforcement of MARPOL Annex V or...

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Bestway Marine & Energy Technology announced the plan to establish new company for the development of intelligent marine equipment. The new subsidiary, Longhai Zhongneng (Ningbo) Intelligent Equipment Company, will focus on intelligent...

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