The attacks on shipping in the Red Sea have sharply driven up rates as vessels divert by the Cape of Good Hope attracting the interest of stock investors in listed container lines, although the situation remains extremely fluid.

Houthi rebel leader Muhammad Ali Al-Houthi has ordered his forces not to fire on vessels transiting the Red Sea which declare they have no connection to Israel.

PSA Mumbai has become India’s first container terminal powered by 100% renewable energy with the commissioning of its 7.8MW solar farm with O2 Power.

Maersk, the City of Yokohama, and Mitsubishi Gas Chemical (MGC) have signed a Memorandum of Understanding (MoU) for the development of green methanol bunkering infrastructure at the Port of Yokohama, Japan.

Chinese shipyards have secured 64.85 million dwt of newbuilding orders in the first 11 months of 2023 with an increase of 63.8% year-on-year.

As more and more ships divert from the Red Sea over the threat from Houthi rebels opinion writer Michael Grey warns the situation should not be allowed to drift on.

NYK’s President has pointed to multiple geopolitical challenges affecting its ability to make immediate judgments on the group’s position in many countries.

Spot container freight rates from Asia – Europe have more than doubled over the last two weeks as lines divert via the Cape of Good Hope to avoid attacks in the Red Sea.

AD Ports Noatum Terminals, the terminals operations business of Noatum Group, has acquired 100% ownership of APM Terminals Castellón in Spain for $110 million.