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Egypt
15-05-2025
Suez Canal Offers Discount in Bid to Lure Boxships Back
Egypt’s Suez Canal Authority has announced a 15% discount on transit fees for containerships with a capacity of approximately 13,500 teu or more, effective for the next three months. This discount is part of an effort to encourage trade recovery
China
15-05-2025
COSCO Shipping Bulk Orders New Ammonia and Methanol-Ready Ships
COSCO Shipping Bulk, a subsidiary of COSCO Shipping, has ordered two 209,800 dwt ammonia and methanol-ready bulk carriers from Qingdao Beihai Shipbuilding in Qingdao, China, for delivery in 2027. The contract price remains undisclosed. These vessels suppo
Sweden
14-05-2025
Sweden Inaugurates Its Second Onshore Power Facility for Cruise Vessels
Ports of Stockholm launched its second onshore power supply (OPS) facility for international cruise ships in Sweden on May 12, 2025. The facility was first used by Viking Jupiter, a cruise ship built in 2019 and operated by Viking Cruises, marking a step
Canada
13-05-2025
Ontario Seeks Arctic Port on James Bay
Ontario government officials have proposed developing a maritime port on James Bay, southeast of Hudson Bay, to enhance trade connectivity. This initiative, aimed at berthing mega-size ships, requires negotiations with Canada’s federal governmen
Italy
13-05-2025
Fincantieri Achieves Its Best Ever Order Intake and Quarterly Results
Italian shipbuilding company Fincantieri reported its strongest financial performance to date in the first quarter of 2025, supported by record order intake and growth across multiple business segments. Revenues rose by 35% year-on-year to nearly &eur
Russian
13-05-2025
Russia Plans $6.2b Outlay to Build 1,600 Commercial Ships by 2036
The Russian government has outlined a comprehensive strategy to modernize and expand its national shipbuilding industry, aiming to enhance domestic capabilities and support economic growth. The plan, discussed by Prime Minister Mikhail Mishustin on May 12
Egypt
13-05-2025
Egypt’s Suez Canal Mulls Discounts on Transit Fees to Bring Back Traffic
Egypt’s Suez Canal Authority is exploring a plan to offer transit fee discounts of 12% to 15% to boost traffic through the vital waterway, according to its chief, Osama Rabie. The measure aims to address reduced shipping activity caused by ongoi
China
12-05-2025
Intelligent Robots Debut in Spotting Malfunctions in China’s Cargo Railway, Achieving 100% Identification for Common Faults
On Sunday, China’s first set of intelligent inspection robots for freight railways began operating in Cangzhou, Hebei Province, as announced by CHN Energy, a state-owned energy company. This deployment marks a significant advancement in enhancin
China
12-05-2025
COSCO Books Newcastlemax Newbuilds
COSCO Shipping Bulk, the dry bulk division of China’s COSCO Shipping, has expanded its orderbook by commissioning two newcastlemax bulk carriers at CSSC Qingdao Beihai Shipbuilding, a leading domestic shipyard. The 209,800 deadweight tonnage ves
Dominica
12-05-2025
DP World to Spend $760M Expanding Caucedo Port in the Dominican Republic
Global terminal operator DP World has committed $760 million to expand the Port of Caucedo and its adjacent free trade zone in the Dominican Republic. The investment aims to enhance the port’s infrastructure and boost the country’s rol
South Korea
12-05-2025
ABS and HD Hyundai Mipo to Drive Digital Automation in Shipyard Operations
The American Bureau of Shipping (ABS) and South Korean shipbuilder HD Hyundai Mipo (HMD) have entered into a joint development project (JDP) to advance digital manufacturing and automation equipment for shipyard operations. The agreement focuses on integr
China
09-05-2025
Jiangsu Ocean Shipping Orders Boxship Quartet
Jiangsu Ocean Shipping (JOSCO), a subsidiary of Jiangsu Port Group, has signed a contract with Jiangsu Soho Chuangke Shipbuilding in Yangzhou to construct four new containerships. Each vessel will have a capacity of 3,000 teu, making them the largest in J
China
08-05-2025
China’s Hengqin Port Reports 10-Millionth Passenger of This Year in Record Time
On May 7, 2025, Hengqin Port in Guangdong Province, South China, recorded its 10-millionth traveler of the year, a 32 percent increase compared to the same period in 2024. According to the Hengqin immigration inspection station in Zhuhai, a city adjacent
United States
08-05-2025
This Port of LA Terminal Just Ditched All Propane Forklifts for Electric
SSA Marine has made a significant stride in clean energy at the Port of Los Angeles by transitioning its entire fleet of forklifts at Berth 55 to electric power. This marks the company's first terminal to operate entirely with zero-emissions cargo
Spain
08-05-2025
Port of Barcelona Taps Powercon for First OPS System for Cruise Vessels
The Port of Barcelona has awarded Danish equipment provider PowerCon a contract worth €12.2 million (approximately $13.8 million) to construct its first onshore power supply (OPS) system for cruise ships. The system will be installed at Terminal
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China’s Homegrown C919 Completes First Commercial Flight to a Regional Airport in Henan Province