It has emerged that Textainer is in talks to acquire Seaco Global, a deal that would almost certainly raise issues about the level of market concentration in the container leasing industry.

The US Federal Maritime Commission secured over $2.3 million in penalties and business practice reforms from three companies through compromise agreements.

This research aims to develop a fire detection system that detects fires earlier and with higher accuracy than existing smoke detectors for vessels.

The decline in revenue and average selling price was attributed to a slump in demand for dry freight containers in the wake of overproduction in 2021.

Mawani (Saudi Ports Authority) and Saudi Global Ports (SGP), which is a joint venture between the Saudi Public Investment Fund (PIF), Singapore’s PSA International, and the Al Balagaa Group, are to invest US$266M in a new logistics park at King Abdulaziz Port in Dammam.

The global pool of dry freight containers is expected to fall in 2023 as ocean carriers and lessors dispose of surplus units that have built up in the fleet since the end of 2020.

It has emerged that Textainer is in talks to acquire Seaco Global, a deal that would almost certainly raise issues about the level of market concentration in the container leasing industry.

The US Federal Maritime Commission secured over $2.3 million in penalties and business practice reforms from three companies through compromise agreements.

This research aims to develop a fire detection system that detects fires earlier and with higher accuracy than existing smoke detectors for vessels.

The decline in revenue and average selling price was attributed to a slump in demand for dry freight containers in the wake of overproduction in 2021.

Hapag-Lloyd, which is leading the liner shipping industry when it comes to fitting smart devices to its dry freight containers, is pressing ahead with its installation programme. It expects the whole of its 1.6M TEU owned fleet to be smart early in 2024. Already more than 80% of its reefer containers are fitted with devices that in addition to tracking the container’s position, monitor temperature and humidity levels inside the equipment.

Mawani (Saudi Ports Authority) and Saudi Global Ports (SGP), which is a joint venture between the Saudi Public Investment Fund (PIF), Singapore’s PSA International, and the Al Balagaa Group, are to invest US$266M in a new logistics park at King Abdulaziz Port in Dammam.