Tag: fleet expansion

AAL Shipping (AAL) held a formal naming ceremony for the ‘AAL Antwerp’, the fourth vessel in its Super B-Class fleet.

Global maritime trade grew by 2.4% in 2023, recovering from a 2022 contraction, but the recovery remains fragile, the United Nations Conference on Trade and Development (UNCTAD) notes in its latest ‘’Review of Maritime Transport 2024 report’’.

Pacific International Lines (PIL) officially launched its inaugural two 14,000 TEU container ships during a ceremony held today at Jiangnan Shipyard in China. These vessels are the largest in PIL’s fleet and the first to operate entirely on Liquefied Natural Gas (LNG).

Global merchant fleet will get older and older for the remainder of the 2020s raising concerns about becoming the new norm, Xclusiv Shipbroakers warns in their latest report. 

The Isle of Man Ship Registry (IOMSR), the first flag state to join the Getting to Zero Coalition, has announced the addition of four new energy efficient Newcastlemax bulk carriers from Singapore-based dry bulk owner Berge Bulk.

According to Reuters, India plans to enhance its container shipping capacity by purchasing additional second-hand vessels. 

In 2024, Nakilat has achieved a considerable fleet expansion by signing contracts for the construction of six advanced gas carriers, including two LNG carriers and four LPG/Ammonia carriers.

The renewal of the Panama merchant fleet is one of the quality objectives of the Panama Maritime Authority (PMA), which is why the entry of vessels under 15 years of age to the Panama Ship Registry is being prioritized.

HMM Co., South Korea's main sea carrier, plans to significantly expand its fleet of container and bulk carriers by 2030 to boost its global competitiveness.

Arkas is investing $240 million to expand its fleet with four next-generation, eco-designed container vessels, increasing its total number of vessels to 53 and boosting the TEU capacity to over 100,000.