Hapag-Lloyd Set for Largest Fleet Expansion in 54 Years
This week, Hapag-Lloyd is set to approve the largest order spree in its 54-year history, according to analysts at Alphaliner.
Corporate News
Canadian West Coast Dockworkers Announce November 4 Strike
Dockworkers at Canada’s west coast ports are preparing to strike on November 4, affecting key hubs such as the Port of Vancouver.
Seacon Shipping Expands Fleet with Investment in Newbuilds
Hong Kong-listed Seacon Shipping announces plans to expand its fleet through a $63.9 million investment in six new multipurpose dry cargo ships.
Ørsted Partners with Brookfield on UK Offshore Wind Projects
Ørsted partners with Brookfield, through which Brookfield will acquire a 12.45% stake in four of Ørsted’s offshore wind farms in the UK.
CMA CGM Expands Moroccan Operations with Nador Port Deal
French company CMA CGM has initiated its third port project in Morocco, a rapidly expanding container market in North Africa.
Biden Announces $3 Billion for Port Upgrades Nationwide
President Biden has announced a $3 billion investment dedicated to cleaning up and upgrading port facilities in 27 U.S. states and territories.
South Korea Launches Tender for 1.5GW Offshore Wind Projects
South Korea has initiated a tender process for renewable energy projects, with 1.5GW of offshore wind capacity available for bidding.
Avangrid Faces Opposition to Power Cables in Barnstable
Avangrid encounters huge resistance to proposal for landing power cables from the New England Wind 2 offshore wind project in Barnstable, Mass.
COSCO Orders Six 13,600 TEU Boxships from Hudong-Zhonghua
COSCO Shipping Lines, one of China's major container shipping companies, has placed an order for six boxships at Hudong-Zhonghua Shipbuilding.
Cunard Launches Halloween Incentive for Travel Agents
Cunard has announced a special Halloween-themed incentive for travel agents, running from October 24 to 31, as detailed in a recent press release
Port of Montreal Longshore Workers Issue 24-Hour Strike Notice
The union representing longshore workers at the Port of Montreal has issued a 24-hour strike notice, set to begin at 7 a.m. this Sunday.
Grace Ocean & Synergy Agree to Settlement Over Baltimore Bridge
Singaporean companies Grace Ocean and Synergy Marine, the owners and operators of the Dali containership, have agreed to pay $102 million.
Princess Cruises Adds Blake Lively's Betty Booze & Betty Buzz
Princess to expand its Love Line Premium Liquors range by introducing Betty Booze and Betty Buzz, the beverages created by actress Blake Lively.
COSCO Shipping Ports Acquires Stake in Thailand's Largest Port
COSCO Shipping Ports has made a significant investment in Thailand’s largest port by acquiring stakes from Hutchison Ports at Laem Chabang.
Chinese Car Parts Manufacturer Expands Into Shipbuilding
Chinese automotive parts manufacturer Xingmin ITS is diversifying into shipbuilding by acquiring a 30% stake in Zhejiang East Coast Shipbuilding.
Fincantieri & Viking Partner for Two New Cruise Ships by 2030
Fincantieri has announced the signing of contracts with Viking to build two new cruise ships, continuing their ongoing partnership.
Ambassador Cruise Line Hosts Agents on Norway Fjordlands Trip
Ambassador Cruise Line recently welcomed 14 travel agents aboard the Ambience for a seven-night familiarization trip to Norway's fjordlands.
Ocean Winds & Eletrobras Team Up for Offshore Wind Projects
Ocean Winds, a venture between France’s Engie and Portugal’s EDP, partnered with Brazilian power company Eletrobras to explore offshore wind farms
CMA CGM Purchases Five High-Reefer Ships from Seatrade
Analysts at Alphaliner report that CMA CGM has acquired five high-reefer 2,259 TEU container vessels it previously had on charter from Seatrade.
Carnival Cruise Line Enhances Training for Travel Advisors
Carnival is rolling out an improved version of its Learn & Earn platform for travel advisors, expanding its popular Loyalty Rocks! program.