South Korean deal with the US validates friendshoring strategy
The US$150 billion South Korean investment in American shipbuilding announced Friday represents the largest bilateral industrial partnership in maritime history...
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Damen Delivers dredging packages for four TSHDs
Damen Shipyards Group delivered four advanced dredging packages for Trailing Suction Hopper Dredgers (TSHDs) being built in Central America. Two vessels have co...
Fincantieri and KAYO form Naval JV in Albania
During the Italy–Albania intergovernmental summit in Rome, Fincantieri and Albanian firm KAYO signed a Memorandum of Understanding to create a naval joint...
Mitsui E&S posts strong half-year results
Mitsui E&S reported new orders of ¥170.7 billion in the first half of the fiscal year, up from ¥146.0 billion a year earlier. Net sales rose...
LX Pantos, Sinotrans launch Joint Venture
LX Pantos has entered into a strategic partnership with Sinotrans, China’s largest logistics company, to establish a Korea–China joint venture aimed at ...
Uber Freight teams up with Better Trucks
Uber Freight announced an expanded commercial partnership with Better Trucks, a leading last-mile delivery platform serving major retail and e-commerce brands. ...
SITC Ship Management passes Chinese Flag DOC initial audit
SITC Ship Management Co., Ltd. has successfully passed the initial audit for the Chinese Flag Document of Compliance (DOC) conducted by the China Maritime Safet...
Behind CMA CGM’s Hamburg investment
CMA CGM’s decision to acquire a 20% stake in Hamburg’s EUROGATE Container Terminal reveals how deeply geopolitical turbulence is reshaping global shipping s...
Valenciaport consolidates port of Sagunto as intermodal logistics hub
The Board of Directors of the Port Authority of Valencia has approved an administrative concession to Toyota Logistics Services Spain for operation of a freight...
Arkas seals IFC-led financing as expansion gathers pace
Arkas Holding, the parent of Turkey’s largest liner, has taken a significant step in its shipping and logistics growth plans after securing a $335m syndicated...
Sanctions spur surge in Russian oil languishing at sea
The amount of oil stranded on tankers worldwide has ballooned in recent months, with Russian barrels making up an outsized share of the floating glut as sanctio...
Julyana Free Zone launches smart port partnership
Julyana Free Zone, the maritime hub at the Port of Benghazi, has taken a major step in digital innovation. It adopted the N4 terminal operating system from Kale...