Maritime News

• Drewry’s Container Port Throughput Indices provide calendar-adjusted volume growth and decline indicators based on monthly throughput data from over 340 ports globally.
• North American Container Port Throughput Index surged by 6.8% from January to 109.2 points in February, driven by a 28% year-to-date increase in combined throughput.
• European Container Port Throughput Index saw a significant 10.1% increase from the previous month, reaching 103.5 points, which was 5.6% higher than February 2023.

https://mfame.guru/container-port-throughput-show-mixed-trends-worldwide/

Given the upcoming EU elections, the European Sea Ports Organisation (ESPO) has set its priorities for the next five years.

The world is in transition, ports are in transition. More than ever, ports are strategic entities and enablers of Europe’s ambitions and its sustainable, digital, competitive, strong, and social future. Ports want to be part of the solution and are taking up new responsibilities on top of their traditional role as a multimodal hub in the supply chain.

https://mfame.guru/european-sea-ports-organization-outlines-its-future-priorities/

The Suez Canal Authority is reporting that it responded to a distress call from a small cargo ship that was waiting off the northern terminus of the canal, reports the Maritime Executive.

The vessel lost stability this morning, April 23, and was listing causing a concern that it would capsize. The vessel (3,000 tons) was due to transit the canal to the southern Egyptian port of Adabiya.

The ship which is registered in Tanzania and 308 feet (94 meters) was seen...

https://mfame.guru/suez-canal-responds-to-distress-call-from-listing-vessel/

Mitsui O.S.K. Lines, Ltd. will integrate its two wholly owned subsidiaries in the Philippines into MOL Enterprise (Philippines) Inc. and pursue business development in the region as a core company. This is intended to strengthen business operations in the Philippines, where MOL Group expects strong economic growth, as part of the group’s regional strategy in the “BLUE ACTION 2035” management plan, according to the company’s release, reports Port News.

MOL’s two wholly owned...

https://mfame.guru/mol-to-merge-its-subsidiaries-in-the-philippines/

Eureka Shipping, a cement carrier services provider jointly owned by Cyprus-based SMT Shipping and Canada’s CSL Group, is building a biofuel-capable, shore power-ready mechanical/pneumatic cement ship.

The newbuild is currently under construction at the Holland Shipyards Group in the Netherlands and is scheduled for delivery in 2025.

Destined for operation in the Great Lakes, the 12,500 dwt vessel is designed to replace two older vessels while maintaining the same cargo...

https://mfame.guru/new-biofuel-capable-cement-carrier-to-join-eureka-shipping-next-year/

• HMM CEO Kim Kyung-Bae views Hapag-Lloyd’s exit from THE Alliance as a significant opportunity for South Korea’s flagship carrier to expand its market presence.
• As Hapag-Lloyd prepares to form the Gemini Cooperation with Maersk Line next February, HMM sees a strategic chance for growth.
• The departure leaves ONE, HMM, and Yang Ming as THE Alliance’s remaining members, prompting HMM to consider external consultancy to devise a mid- to long-term expansion strategy.

HMM CEO Kim Kyung-Bae believes...

https://mfame.guru/hmms-expansion-prospects-brighten-with-hapag-lloyds-the-alliance-exit/

• HMM CEO Kim Kyung-Bae views Hapag-Lloyd’s exit from THE Alliance as a significant opportunity for South Korea’s flagship carrier to expand its market presence.
• As Hapag-Lloyd prepares to form the Gemini Cooperation with Maersk Line next February, HMM sees a strategic chance for growth.
• The departure leaves ONE, HMM, and Yang Ming as THE Alliance’s remaining members, prompting HMM to consider external consultancy to devise a mid- to long-term expansion strategy.

HMM CEO Kim Kyung-Bae believes...

https://mfame.guru/hmms-expansion-prospects-brighten-with-hapag-lloyds-the-alliance-exit/