Port of Chittagong achieved a 7.4% growth in container handling in 2024 compared to 2023, despite severe political unrest and recurrent floods. The major port of Bangladesh handled a total of 3.276 million TEUs in the just concluded year, compared to 3.05 million TEUs in 2023, which is a record in the history of the…
Ocean rates out of Asia overall trended up slightly to end the year, but with the Lunar New Year (LNY) approaching and a range of January GRIs announced for the transpacific, container prices on these lanes could face upward pressure to start 2025. A seasonal decrease in demand starting later in February should see rates…
On 24 December, PSA Singapore (PSA) achieved a remarkable milestone by handling over 40 million TEUs in 2024. This record-breaking performance surpasses the previous annual high of 38.8 million TEUs achieved in 2023. Ong Kim Pong, Group CEO, of PSA International, stated: โThis record throughput for PSAโs flagship terminal in Singapore is a remarkable milestone and…
As we welcome 2025, we extend our heartfelt gratitude and best wishes to everyone who has been part of our journey: ๐๐จ ๐จ๐ฎ๐ซ ๐ฏ๐๐ฅ๐ฎ๐๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐๐ซ๐ฌ: Thank you for trusting us as your partner. Your support drives us to continually improve and deliver the best service possible. May the new year bring you success and prosperity….
Artificial Intelligence (AI) has emerged as a transformative force within Vietnamese enterprises, aligning with the broader trends of digital transformation and Industry 4.0. Artificial Intelligence (AI) has emerged as a transformative force within Vietnamese enterprises, aligning with the broader trends of digital transformation and Industry 4.0. From optimising business processes to creating new value propositions,…
As of October 2024, Vietnam has signed and implemented 17 Free Trade Agreements (FTAs) and is negotiating two more. Expanding its FTA network underscores Vietnamโs commitment to economic integration, offering substantial opportunities to deepen its role in global value chains, boost exports, drive GDP growth, and enhance institutional frameworks. Key Benefits of Vietnamโs FTA Network…
Newbuilding deliveries in 2025 will double the capacity overhang even following the absorption of capacity following the Red Sea diversions, according to shipbroker Braemar. In its latest market report Braemar said that it had expected 2024 overcapacity to reach 12-13% in this year, up from around 9% in 2023, but the Red Sea diversions quickly…
The latest EU emissions regulation becomes effective on January 1, 2025, which is less than three weeks away. For ship owners operating in or trading to European waters, its impact will be felt for the next three decades and beyond. In a DNV webinar on Thursday, Piotr Naruszewicz, the classification societyโs Technical Manager, GHG, and Helge Helmundsgaard,…
CMA CGMโs subsidiary CNC Line has announced the launch of CV8, its new dedicated shuttle service connecting Central China to South Vietnam. CNC noted that the CV8 service is expected to complement the existing CV2 service, offering expanded capacity and increased frequency. Highlights of CV8: + Dedicated Shuttle Service: CNCโs direct service between Central China and…
The US Federal Maritime Commission (FMC) said the Premier Alliance of HMM, Ocean Network Express (ONE) and Yang Ming will not go into effect, because the Commission needs more information to determine the potential competitive impacts of the arrangement. The Premier Alliance Agreement would have gone into effect on 12 December absent this action by…