On November 25, Nippon Yusen Kabushiki Kaisha (NYK Line) signed an agreement with BHP Group Ltd (BHP), a leading global resources company in Australia, to renew a memorandum of understanding (MOU) initially concluded in June 2022. The renewal reinforces both...

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Maersk-affiliated vessels will return to transiting through the Suez Canal early next December as a precursor to the full-capacity return Full-capacity return of CMA CGM next December CEO of A.P.Moller-Maersk: “The Suez Canal has been and remains still a pivotal...

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Asia’s spot fuel oil differentials held steadily in discounts on Wednesday, with trade sources eyeing ample supply for both high sulphur fuel oil (HSFO) and very low sulphur fuel oil (VLSFO). Singapore 380-cst HSFO traded at a wider discount of $3.25 a metric ton to...

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Singapore is named the world’s leading container port in the first edition of the Leading Container Ports of the World (LCP) report, an independent global analysis published by DNV and Menon Economics. Shanghai and Ningbo-Zhoushan follow in second and third place,...

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Container prices have eased slightly, but UK demand is rising. Orders for new one-trip containers have tripled since Q1, as companies try to stay ahead of rising freight costs and potential delays. Red Sea diversions are still adding time and cost. In the Strait of...

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