Durban builds massive new logistics hub

A new logistics park will be built in Durban as part of the R15-billion new city, Westown, in Shongweni in the Outer West region of the city. The developers, Fundamentum Property Group, broke ground for the ...

Yang Ming receives another 11,000 TEU vessel

Yang Ming Marine Transport Corp. took delivery of one new 11,000 TEU container vessel today (27 April). The newbuilding, called YM Trophy, was built by Imabari Shipbuilding and is chartered from Imabari Ship...

COSCO achieves strong financial performance in 2021

The Chinese shipping giant, COSCO Shipping Holdings has announced its financial results for 2021, with profit attributable to equity holders completing US$14 billion, which translates to a skyrocketin...

Port of Felixstowe reaches 100 million TEU milestone

Hutchison Ports Port of Felixstowe has achieved a milestone by reaching the 100 million TEU mark since it handled its first container in the 1960s. The 100th million TEU was loaded at berth eight, the port's...