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World Maritime News (95)

February 05, 2025

Maersk and Hapag-Lloyd launch Gemini Cooperation The new Gemini Cooperation between Maersk and Hapag-Lloyd will launch on February 1, more than a year after it was announced. When all vessels are fully phased into the new schedule by June 2025, the alliance will boast 57 services and a capacity of 3.7m teu on around 340 vessels. Those 57 services will comprise 29 mainline routes and 28 inter-regional shuttles, utilizing the alliance’s “hub and spoke” strategy. This relies on key ports, or hubs,

World Maritime News (94)

January 22, 2025

Singapore breaks bunker sales record Bunker sales in Singapore registered a new high of 54.92m tonnes in 2024, an increase of 6% on 2023's figure. According to the Maritime and Port Authority of Singapore, the world's biggest bunkering hub supplied more than a sixth of the total fuel used by global shipping last year. Alternative bunker sales topped 1m tonnes for the first time, reaching 1.3m in 2024. The more than 100% increase in 2023 was driven mainly by biofuel blend sales, which grew from

World Maritime News (93)

January 08, 2025

Busan to undergo $10bn transformation into ‘megaport’ South Korea will invest 14trn Won ($9.8bn) to transform Busan into the world’s biggest container port. The Ministry of Oceans and Fisheries announced plans for the country’s biggest port today, which include building an entirely new port near Jinhae. When unified with Busan, the ministry said the so-called “megaport” would be the world’s biggest. When the project is completed in 2045, Busan will be able to berth 30,000 teu vessels, larger th