The board of Cosco Shipping International (Singapore) F83 – has announced that it expects to report earnings of approximately $1.9 million for the FY2023 ended Dec 31, 2023, compared to the net loss of $88.86 million recorded for FY2022. The earnings reversal is...

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Intermodal Terminal Company (ITC) has ordered seven Konecranes Rail Mounted Gantry (RMG) cranes for its new Somerton terminal in north Melbourne, Australia, to support its ambitious national growth plans. The delivery also includes seven Konecranes Remote Operating...

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While most containerships are making detours around the conflict-affected Red Sea, experts say container freight rates, which had initially soared, are showing signs of easing. “We believe that the worst is behind us,” said Philip Damas, managing director at British...

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LNG imports delivered into Europe stood at 5.08 million mt in the month to Feb. 16, around 46% of total January volumes, according to S&P Global Commodity Insights data. European imports of LNG also climbed 2 million mt week-on-week.The volumes for February were...

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EU foreign ministers will meet Monday in Brussels to formally launch a naval mission to help protect international shipping in the Red Sea against attacks from Yemen’s Houthis, officials said. The Houthis, who control much of war-torn Yemen, have been attacking the...

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Seafarers have the right to refuse to sail on ships passing through the Red Sea in a new industry agreement as the situation escalates and further vessels are attacked by Yemen’s Iran-aligned Houthis, a labor union and industry groups said on Friday. The Houthis have...

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