Non-operating owner Chartworld has reportedly signed a provisional agreement with Yangzhou Guoyu Shipbuilding for the construction of up to eight 3,100 TEU containerships, including four optional units, according to DynaLiners. The vessels are estimated to cost between USD 41–42 million each, with deliveries scheduled to begin in 2028. This order, once finalized, would further strengthen […] The post Chartworld signs provisional contract for up to eight containerships appeared first on Container News.

Peninsula, a global leader in marine energy solutions, has successfully renewed its $400 million Singapore-based syndicated credit facility, reinforcing its position as one of the sector’s most financially robust players. This follows the renewal of Peninsula’s European banking facility earlier this year and, together with other bilateral lines, brings the group’s total funding capacity to […] The post Peninsula secures $400M Singapore credit facility appeared first on Container News.

The recent Jeju-China container route represents a microcosm of broader China-Korea maritime dynamics playing out against intensifying geoeconomic competition. ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”1,2,3,5,6,7″ ihc_mb_template=”3″] This development occurs as South Korea’s shipbuilding market share falls below 20% while China aggressively expands its dual-use shipbuilding capacity and regional connectivity infrastructure. The 57-year absence of direct container service to […] The post Jeju-China container route puts another layer of complexity on maritime trade appeared first on Container News.

Saudi Arabia’s Folk Maritime is launching a new Saudi Arabia–Sudan service, coded SCS, offering fortnightly sailings operated by a 700 TEU vessel, reported by DynaLiners. The vessel will be redeployed from the Jeddah–Gulf of Aden SRX service, which will continue operating with one vessel of a similar size and reduce its frequency to fortnightly. Notably, […] The post Folk Maritime to launch new Saudi Arabia–Port Sudan service appeared first on Container News.