PSA Singaport container throughput performance for 2023

PSA International Pte Ltd (PSA) enjoyed a record-breaking year as it handled container volumes amounting to 94.8 million Twenty-foot Equivalent Units (TEUs) across its port terminals around the world for […]

Port of Melbourne handles nearly 270,000 TEUs in January

The Port of Melbourne reported an increase in total container throughput for January 2024 compared to the same month last year, totalling 269,044 TEUs. Full container imports (excluding Bass Strait) […]

Top 10 Shipowning Nations

VesselsValue unveils this year’s top 10 shipowning nations, reviewing the total asset values for vessels by beneficial owner country. From Japan’s resolute leadership in the top position with a US$206.3 […]

Ensuring container fleet resilience with fuel flexibility

The Greenhouse Gas (GHG) targets set by the International Maritime Organization (IMO) and other regulatory vehicles, such as the Carbon Intensity Indicator (CII) and the Energy Efficiency Existing Ship Index […]

Rotterdam sees TEU decline amid stable financial results

The Port of Rotterdam handled 13.4 million TEUs in 2023, translating to a 7% drop compared to the previous year’s figures. Additionally, the container throughput in tonnes was 130.1 million […]

Expanding supply to put brakes on rates

A rise in container capacity will halt the increase in freight on the major east-west trades according to Drewry’s latest tool, the Container Capacity Insight (CCI), launched on 20Β  February. […]

Welcome back from Lunar New Year break

We hope you had a rejuvenating and joyful Lunar New Year celebration filled with cherished moments with family and friends. Now that we’ve recharged our batteries and embraced the spirit […]

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Vietnam optimistic about economic growth in 2024

Although the 6-6.5 percent economic growth target for 2024 is challenging, the Government is highly determined to implement strong measures and strategies to reach the set goal. Government’s determination On […]

ONE reports over US$80 million loss in October-December 2023

Singapore-headquartered Ocean Network Express (ONE) experienced a notable decline in its revenues, earnings, and profits in the third quarter of fiscal year 2023 (October – December), in contrast to the […]

Georgia Ports near 5 million TEUs in 2023

Georgia Ports Authority (GPA) reported a 4% decrease in its December box volumes handling 422,300 TEUs and a 16% decline in its 2023 container throughput with 4.9 million TEUs. Higher […]

Yang Ming to launch upgraded PAS service

Yang Ming is set to enhance the PAS service in March, introducing an upgraded PAN-ASIA SERVICE that now includes Ho Chi Minh City, Vietnam. This collaborative initiative involves T.S. Lines, […]

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