Why Collaborating with GBA is Key for Hong Kong
The Greater Bay Area (GBA), Beijing’s ambitious plan to unite nine Guangdong cities with Hong Kong and Macau, is an economic initiative rivaling global hubs like New
European Commission launches Ship Financing Portal
The Ship Financing Portal, designed to improve access to financing for the shipping sector and the wider maritime industry, is now online! The platform, launched by the European
New Asia services are launched by MSC
MSC declared the opening of Britannia, a new service that will improve port links by way of a special route connecting Liverpool, UK with China and Vietnam.
Container flow at Chinese ports rises in the first quarter
Chinese ports handled 76.7 million TEUs in the first quarter of 2024, a 10% increase over the same period the previous year. As anticipated, the port of
Disruption in the Red Sea driving up container prices
Since the year began, container prices have increased dramatically in practically every industry and age group. After a prolonged period of deterioration during which the sector’s values
CMA CGM declares a force majeure for Baltimore shipments
CMA CGM declares a force majeure for Port of Baltimore shipments following the Francis Scott Bridge collapse caused by the containership Dali. Following the terrible accident with
Cyprus’ Business Turnover in Transportation and Storage
Cyprus’ Business Turnover Index in Transportation and Storage reached 143.1 units in the fourth quarter of 2023, with 2015 being the base year, reflecting a 6 per cent
Container Shipping in 2023: The Changing Landscape
The container shipping sector experienced a significant collapse in freight rates in 2023, impacting the top ten container shipping companies more severely and rapidly than anticipated. This
Unrest in the Red Sea rises demand for containers
Due to the Houthi rebels’ ongoing attacks, the Red Sea—a crucial route for East-West trade—is experiencing unparalleled volatility. This has resulted in higher fuel and insurance prices,
Merry Christmas and Happy New Year!
May the Christmas season bring more success and achievements in your life. Have a safe and great holiday. Merry Christmas and Happy New Year!