The recent agreement between Israel and Hamas to pause hostilities has raised hopes that container ships may soon return to the Red Sea. However, the situation remains complex, and a large-scale return of vessels is far from certain, warns Xeneta’s chief analyst, Peter Sand. While diversions around the Cape of Good Hope are costly and inefficient, the shipping industry has managed to stabilize operations. Carriers will be reluctant to revert
Category: Shipping News
Global Container Ship Orders Reach Record High Amid Market Uncertainty
The global container ship order book reached a record high of 8.3 million TEUs by the end of 2024, surpassing the previous high of 7.8 million TEUs in 2023. According to the latest BIMCO update, 4.4 million TEUs were ordered in 2024—the second-highest annual figure on record—despite deliveries also hitting a new peak of 2.9 million TEUs. Niels Rasmussen, Chief Shipping Analyst at BIMCO, highlighted the dominance of large vessels
Port of Maputo Embarks on Expansion to Boost Capacity and Sustainability
The Port of Maputo is set to begin its ambitious container and coal terminal expansion projects in the first half of this year. These initiatives are central to the operational upgrades envisioned under the extended concession agreement granted to Sociedade de Desenvolvimento do Porto de Maputo (MPDC), the port’s managing entity. According to MPDC, the expansion aims to solidify the Port of Maputo’s role as a critical hub for trade
South African Ports Begin 2025 with Improved Efficiency Amid Regional Challenges
Port operations in South Africa have started the year on a positive note, marked by significant improvements in efficiency and infrastructure. Maersk Line has reported an enhanced operational environment, with no waiting times, low terminal and yard density, ample depot capacity, and better equipment availability. Cape Town, a critical hub for exporters, has benefited from minimal wind stoppages during what has so far been a mild southeasterly windy season. These
Walvis Bay Positioned as Key Southern Africa Transshipment Hub by MSC
The Mediterranean Shipping Company (MSC) has officially designated the Port of Walvis Bay as a crucial transshipment hub for Southern Africa with the launch of its Namibia Express route. This strategic move aims to strengthen trade links between Africa, Europe, and global markets, cementing Namibia’s role in international logistics. MSC recently announced plans to enhance its North West Continent (NWC) to South Africa service and introduce two new routes: the
MSC Establishes Walvis Bay as Southern Africa’s Transshipment Hub
Mediterranean Shipping Company (MSC) has announced significant updates to its North West Continent (NWC) to South Africa service, alongside the introduction of two new shuttle services. These developments position the Port of Walvis Bay in Namibia as a critical transshipment hub for the region. In a recent statement, MSC confirmed its commitment to enhancing its Southern African network to facilitate seamless trade between Africa, Europe, and other global markets. Key
Reopening of Bunkering in Algoa Bay Set to Transform South Africa’s Maritime Industry
The reopening of bunkering in Algoa Bay represents more than just a return to business; it’s an opportunity to reshape South Africa’s position within the global maritime industry. By drawing on past lessons and embracing new opportunities, Algoa Bay has the potential to become a leading model for sustainable and efficient offshore bunkering. This vision, according to Durand Naidoo, CEO of Linsen Nambi, can be realized through close collaboration among
CMA CGM-Eurogate Partnership for Hamburg Port Expansion Falls Through
A proposed partnership between French shipping giant CMA CGM and German port operator Eurogate to develop a new terminal in Hamburg has reportedly collapsed, according to shipping analyst Alphaliner. The collaboration centered on the Westerweiterung project, a 24-hectare expansion of Eurogate’s Burchardkai facility aimed at significantly increasing the port’s capacity. While Hamburg officials had encouraged Eurogate to partner with a shipping line for the project, negotiations with CMA CGM failed
FFS Tank Terminals Secures 25-Year Concession for Liquid Bulk Terminal at Cape Town Port
The Transnet National Ports Authority (TNPA) has appointed FFS Tank Terminals (Pty) Ltd as the preferred bidder for the acquisition, operation, maintenance, refurbishment, construction, and transfer of a R195 million Liquid Bulk Terminal at the Port of Cape Town. The terminal, located in the port’s Liquid Bulk Precinct, will be managed by FFS Tank Terminals under a 25-year concession agreement. Announcing the decision on Thursday, TNPA stated that the company
Shipwreckers Event Raises R33,000 for Charity
The annual Shipwreckers charity event, a highlight on South Africa’s logistics calendar, once again succeeded in raising significant funds for deserving causes. Held in November, the event raised R33,000 to support various beneficiaries. Organized by Land and Sea Shipping, this year’s gathering took place at the Jozi Gin Bar in Bryanston. Themed “Great Gatsby,” attendees from across the transport and supply chain industry embraced the occasion in dazzling 1920s-inspired attire,