Shipping News Archives - Shipping Herald
WEB6 days ago · Heraklion to host 8th Posidonia Sea Tourism Forum in May 2025, marking a first for Greece’s largest island. Leading cruise industry event to address over-tourism and explore new mediterranean destinations, with global industry leaders set to convene in …
Containers: Spot rates in China to hit five figures
WEBJun 10, 2024 · It said average container prices for 40ft high-cube units in key Chinese ports rose 45% last month, from $2,240 in April to $3,250. Prices for similar units were around $1,698 in November, but $7,178 in September 2021, at the height of the Covid boom.
Yang Ming appoints new president - Shipping Herald
WEBAug 2, 2024 · Yang Ming Marine Transport Corporation has made a significant leadership change. On July 31, 2024, during its 396th Board Meeting, Yang Ming approved the appointment of Mr. Cliff Pai as the new President, effective August 1, 2024. Mr. Pai, who has been with the company since 1984, brings a wealth of experience and a deep understanding of the organization to his new role.
Perenco acquires Golar LNG stake - Shipping Herald
WEBJun 19, 2024 · Perenco has purchased a stake in Golar LNG. According to a SEC filling by Golar, Perenco’s investment affiliate Naria has taken a 9.9 percent stake. “ The total number of common shares of the issuer reported as beneficially owned includes 4,784,166 common shares held directly by Naria and 5,500,000 common shares pursuant to …
Japan shipbuilding pins comeback hopes on zero-emissions vessels
WEBSep 27, 2021 · Japan’s shipbuilders controlled 53% of the global market at their peak in 1984, according to IHS Markit. But that figure has since dropped to less than 10% with the rise of cheaper Chinese and South Korean competition. Mitsui E&S Holdings has decided to essentially stop building commercial ships. Japan Marine United will stop building new ...
Indian Port Workers Call Off Strike, Agree New Wage Deal
WEBAug 28, 2024 · Nearly 20,000 workers across major Indian ports, who had threatened to go on an indefinite strike from Wednesday, called off their walkout late on Tuesday, after agreeing to a new five-year deal. The agreement averted further issues in an already-strained global supply chain, which is struggling with …
Containership contracting spree now exceeds 10 million TEU
WEBAug 28, 2024 · However, the appetite for new ships remains high and year-to-date contracting already exceeds the 2023 full year total. That brings the total capacity contracted since the start of 2021 to 10.47m TEU,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO. The 1.59m TEU capacity contracted so far in 2024 is the third highest since 2008, only ...
Cosco Shipping, PetroChina return to Hudong Zhonghua for LNG …
WEBDec 9, 2021 · Cosco Shipping and PetroChina International have ordered three 174,000 cu m LNG carriers from Hudong Zhonghua Shipbuilding. The three LNG vessels will be 295 metres length, 45 metres width, applying the latest dual-fuel low speed propulsion system. The new contract is the second phase project for Cosco Shipping and PetroChina to promote LNG supply chain […]
Hyundai Heavy Industries to reopen Gunsan shipyard on surging …
WEBFeb 28, 2022 · Hyundai Heavy Industries (HHI) has decided to resume the operation of its shipyard on a 1.8 million square meters area of land in Gunsan, North Jeolla Province, starting next January, six years after the shipbuilding industry recession caused its shutdown in 2017, the company said, Thursday. The shipbuilder’s latest decision has been mainly attributed to […]
Yang Ming turns cautious on market outlook - Shipping Herald
WEBSep 12, 2022 · 445. Yang Ming Marine Transport Corp has turned conservative about the market’s outlook as it faces pressure from clients to renegotiate freight rates. The world’s ninth-largest cargo shipper in terms of shipping capacity was in March upbeat about freight rates, but yesterday told investors that soaring inflation worldwide and the ongoing ...
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