The global shipping industry faces a significant transformation. A substantial influx of ultra-large container vessels is imminent. These newbuilds, ranging from 18,000 to 24,000 TEU, will launch over
by Giant Vessels Poised to Reshape Global Shipping Landscape, Spark Overcapacity Concerns
The global shipping industry faces an impending era of unavoidable overcapacity, driven by the imminent delivery of colossal new vessels. These mega-ships, each designed to transport 18,000 TEUs or mo
by Shipping Lines Bolster Control Over Global Port Terminals
Ocean carriers and their affiliated entities now command a significant portion of the world’s marine terminal infrastructure. These shipping giants presently own approximately 50% of global terminal c
by Guangzhou’s Nansha Port Undergoes Major $2 Billion Expansion
Guangzhou has commenced the fifth development phase at its Nansha port, marking a substantial $2 billion expansion project. Main construction on this ambitious undertaking officially began on Friday.