Busan to develop 18 million TEU new port area
South Korea plans to invest -a converted- USD 9.8 billion container port at Jinhae, near Busan New Port (location). The new facilities, able to serve ships of..
Panagiotidis-led Castor Maritime buys MPC Capital
Thalvora Holdings GmbH, a subsidiary of Castor Maritime Inc. and led by Greek businessman Petros Panagiotidis, has acquired a 74.09% stake in MPC Capital, a global investment..
Asia-Europe ocean rates continue to climb on early LNY rush
Ocean rates from Asia to Europe and the Mediterranean increased last week, with prices of US$5,300/FEU to Europe approaching levels in the lead-up to the last Lunar..
Piraeus Port conducts emergency drill on spillage incidents
Piraeus Port Authority (PPA) conducted its annual emergency drill at the central facilities of the Greek port, specifically at the Cruise Terminal, simulating a marine and land..
Carrier alliance market shares set for shake-up
Since April 2017, the three-alliance structure comprising Ocean Alliance, THE Alliance, and the 2M alliance has shaped the shipping industry. After nearly eight years, this structure is..
Nicaragua proposes its Interoceanic Canal
With the original Grand Interoceanic Nicaragua Canal formally cancelled earlier this year, the country’s president took the opportunity of the China-Latin America and Caribbean Business summit to..