Cairo-based shipowner United Marine Egypt (UME) is expanding in the bulk cargo market with an order at China’s New Dayang Shipbuilding for two bulkers.

Fast growing container line SeaLead has shifted senior executive Ashok Pillay into a new role as Managing Director for North and Southeast Asia as it looks to expand in the region.

Chinese shipowner New Legend Group is set to move into the tanker market with a newbuilding order at Huanghai Shipbuilding.

Taiwan’s largest shipping company, Evergreen, is reported to have ordered six dual-fuel 2,400-teu feeder ships at Huangpu Wenchong Shipyard.

The world’s first ammonia dual-fuel vessel has successfully completed another phase of its ongoing sea trials in Singapore.

Terminal operator and maritime services company DP World has acquired Savan Logistics in Laos.

CMA CGM is adding to its Transpacific portfolio with a service connecting China, Korea, and Japan with Mexico.

Latest figures from Oslo freight analyst, Xeneta, reflect mixed signals from the world’s liner trades.

Singapore-based commodity trading giant, Trafigura, has ordered four medium gas carriers (MGC) that will be powered by ammonia dual-fuel engines, at Hyundai Mipo Dockyard in Ulsan.

Major logistics providers say the gap in asking prices between shippers and container lines has slowed down contract negotiations on the Transpacific.