International Container Terminal Services, Inc (ICTSI) has won a 25-year concession to develop and operate the Iloilo Commercial Port Complex (ICPC) in Central Philippines.

South Korea shipbuilder HD Hyundai is moving forward with plans to develop small modular nuclear reactors for shipping with TerraPower, Southern Company, and Core Power.

The world’s third largest container line CMA CGM has stopped transiting the Red Sea and is rerouting via the Cape of Good Hope to avoid the threat of Houthi attacks.

Global logistics service provider DB Schenker has appointed Vishal Sharma as the new CEO for Asia Pacific Region.

The world’s first ship-to-ship methanol bunkering for a very large containership, the Maersk Ane, has been carried out in Ulsan port.

Neptune Lines is further expanding its fleet through the Genesis Project and is to build two more LNG-fuelled PCTCs from China’s Fujian Mawei Shipbuilding.

Greek shipowner TMS Cardiff Gas has inked a long-term contract with Singapore shipyard group Seatrium for LNG carrier repairs and upgrades.

Container carriers have shifted to a much greater proportion of owned tonnage in the newbuild ordering spree in the past few years but whether that will reduce costs versus chartered-in tonnage remains open to question.

Maersk has officially launched commercial operation of multi-country consolidation centre (MCC) in Shanghai Lingang free trade zone.