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The impact of the Red Sea crisis on the container supply chain and the forecast of the industry
Preface The Red Sea is located between northeastern Africa and the Arabian Peninsula. Its northern end is connected to the Mediterranean Sea through the Suez Canal, and its southern end is connected to the Gulf of Aden through the Bab el-Mandeb Strait. 12% of global cargo trade passes through the Red Sea every year, one-third of global shipping capacity is deployed on Asia-Europe routes, and about 20% of container...
Made in China - The World's Largest Luxury Ro-Ro Ship
On December 19, the "MOBY LEGACY," the second 2,500-passenger/3,800-lane-meter luxury Ro-Ro ship built by China Shipbuilding Group's Guangzhou Shipyard International for the Italian MOBY Line, set sail from Longxue Island in Nansha, Guangzhou. With a gross tonnage exceeding 70,000, it is one of the largest luxury Ro-Ro ships ever built and will operate on routes between Genoa, Olbia, and Livorno along the Italian coast of the...
How Shipping Companies are Responding to the Red Sea Crisis
The Red Sea, a critical maritime corridor connecting Asia and Africa, has always been pivotal for global shipping. However, recent geopolitical tensions and security threats have turned this region into a hotspot for the shipping industry. From oil tankers to cargo ships, all kinds of vessels face increased risks and challenges while transiting through this area. In response to this crisis, global shipping companies are adopting...
World's First and Largest Nuclear-powered Container Ship- Made in China
China Shipbuilding Group Officially Unveils the World's First and Largest Nuclear-powered Container Ship marking a significant milestone in the global shipping industry. With a length of 360 meters and a capacity of 24,000 twenty-foot equivalent units (TEUs), this innovative vessel represents a major breakthrough in maritime technology and sustainability. The nuclear-powered container ship is equipped with a small modular reactor (SMR) system, which provides a safe, reliable, and sustainable source...