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Container port performance across the world declined between 2020 and 2024 due to the Red Sea Crisis, challenges at the Panama Canal, and pandemic-related shocks, according to a new 79-page report released by the World Bank Group and S&P Global. However, efficiency gains varied by region and income level. The report, Container Port Performance Index …
https://splash247.com/china-dominates-annual-port-productivity-survey/
https://splash247.com/china-dominates-annual-port-productivity-survey/PSA International remains the world’s largest global terminal operator, while worldwide container handling capacity is forecast to record the biggest rise this year since the global financial crisis, according to UK consultant Drewry’s latest Global Container Terminal Operators Annual Review and Forecast report. The top spot in the equity-adjusted rankings has been retained by PSA …
After nearly three decades at Bunker Holding, Keld Demant is stepping down as CEO of the Danish fuel giant and one of the largest marine fuel suppliers, handing the reins to Peder Møller. The leadership change takes effect on October 6. Møller (pictured in the middle), who joined Bunker Holding in 2016 and returned last …
https://splash247.com/leadership-shift-at-bunker-holding/
https://splash247.com/leadership-shift-at-bunker-holding/Splash tackles one of the thornier issues facing the local maritime community in the latest instalment from our brand new Singapore Market Report magazine. Singapore’s maritime hub status is unquestioned — but its shipping community is increasingly vocal about one factor it believes could undermine future competitiveness: immigration. From shipmanagers to recruiters, industry leaders argue …
https://splash247.com/shipping-bosses-in-singapore-call-for-immigration-shake-up/
https://splash247.com/shipping-bosses-in-singapore-call-for-immigration-shake-up/Five U.S. unions are calling on lawmakers to pass legislation that would help secure long-term funding to revive domestic shipbuilding, an effort championed by President Donald Trump and boosted by new port fees on Chinese ships.The United States…
https://www.marinelink.com/news/us-unions-urge-lawmakers-pass-ships-act-530328
https://www.marinelink.com/news/us-unions-urge-lawmakers-pass-ships-act-530328Offshore industry leader Allseas selected Dutch maritime design house Vuyk Engineering to design its new semi-submersible Heavy Transport Vessel (HTV) ‘Grand Tour’. Purpose-designed to support seamless topsides transfers to ‘Pioneering Spirit’…
https://www.marinelink.com/news/allseas-selects-vuyk-semisubmersible-530341
https://www.marinelink.com/news/allseas-selects-vuyk-semisubmersible-530341Chinese buyers booked at least 10 cargoes of Argentine soybeans after Buenos Aires on Monday scrapped grain export taxes, three traders said on Tuesday, dealing another setback to U.S. farmers already shut out of their top market and hit by low prices. Argentina’s temporary tax move boosts the competitiveness of its soybeans, prompting traders to ...
https://www.hellenicshippingnews.com/china-buys-argentine-soybeans-after-tax-drop-leaving-us-farmers-sidelined/Asia dominates the global thermal coal market but the future is looking increasingly split between robust domestic markets in the three heavyweights of China, India and Indonesia and a gradually fading seaborne market. The three countries account for just over 70% of global coal production and they have been rapidly expanding output in recent years ...
https://www.hellenicshippingnews.com/the-big-three-of-asias-thermal-coal-look-healthy-others-pale/
https://www.hellenicshippingnews.com/the-big-three-of-asias-thermal-coal-look-healthy-others-pale/The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose on Tuesday, supported by higher capesize vessel rates. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 28 points to 2,200 points. The capesize index gained 104 points to 3,469 points. ...
https://www.hellenicshippingnews.com/baltic-index-edges-up-on-higher-rates-for-capesize-vessels/
https://www.hellenicshippingnews.com/baltic-index-edges-up-on-higher-rates-for-capesize-vessels/Greek offshore contractor Asso.subsea has signed a deal with China Merchants Heavy Industry’s Shenzhen yard for the construction of a new trenching support vessel (TSV). Named Avra, the vessel, due for delivery at the end of 2027, is being billed as the most powerful purpose-built TSV to date, with 24 MW of installed hybrid power …
https://splash247.com/asso-subsea-contracts-trenching-support-newbuild-at-china-merchants-shipyard/
https://splash247.com/asso-subsea-contracts-trenching-support-newbuild-at-china-merchants-shipyard/