Port activity
Algeciras Lines Up EUR 1.4 Billion to Hold Its Position at the Strait
Algeciras has mapped almost EUR 1.4 billion of public and private investment through 2030, aiming for installed container capacity of 7.5m teu by the end of the decade.
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Industry
HMM Halts Container Ship Orders To Pivot Into Energy Shipping
HMM has halted plans for at least ten new 13,000 teu container ships and is redirecting investment into tankers, LNG carriers and very large gas carriers, stepping out of the boxship ordering wave.
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Vessel sales
HMM moves on $1.1bn bulker and gas carrier haul
HMM has unveiled a KRW1.7trn ($1.1bn) order for eight bulk carriers and two gas carriers, the latest step in the Korean major's drive to diversify beyond containers.
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