The West Africa Container Terminal (WACT) has signed a significant Solar Lease Agreement with Starsight Energy, to provide an expected 1.2-Gigawatt hours of solar electricity each year over a 15-year period. This will see 30% of the Terminals’ electricity switch from...

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Brazilian petroleum firm and bunker supplier Petrobras will temporarily be unable to provide LSMGO in Rio de Janeiro due to maintenance of its LSMGO supply barge. The scheduled maintenance will commence on 12 May and continue until mid-June. Petrobras has informed its...

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Yang Ming Marine Transport Corporation (Yang Ming) held its 392nd Board Meeting on 10th May to approve its Q1 financial report of 2024. The consolidated revenues in Q1 totaled NT$ 43.8 billion (US$ 1.39 billion). The net profit after tax stood at NT$ 9.38 billion (US$...

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Maersk, the world’s second-largest shipping company, has reportedly postponed an order for 15 methanol-powered container ships from a Chinese shipbuilder. The delay is reportedly due to Maersk’s objections to design drawings submitted by the Chinese shipbuilder....

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The project cargo trade, as with many segments of the shipping industry, experienced a boom during the pandemic owing to the constraints on available tonnage to match demand. This development emphasised the importance of careful stowage of multifaceted cargoes, as...

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Korean shipbuilders, which have been fiercely competing with Chinese shipbuilders on the global stage, reported sluggish shipbuilding in the first quarter of 2024 compared to 2023. The growing proportion of less-skilled foreign workers on Korean shipbuilding sites is...

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