L O T U S - M A R I N E

Chittagong port eyes larger vessels to minimize costs

The port of Chittagong in Bangladesh has unveiled plans to begin accommodating larger vessels, doubling its capacity to lower transportation costs and enhance productivity. The move is taken after London-based consultancy firm HR Wallingford conducted the required survey and informed the port authority that 200-meter vessels with 10.5-meter water

OOCL’s revenues skyrocket amid container volume decline

71% in its first-quarter revenues, compared to 2021 Q1, surpassing US$5.1 billion. “This record Orient Overseas Container Line (OOCL) has reported a significant increase of result was achieved despite severe congestion around the network, which drove down liftings by 9.2% and loadable capacity by 6.5%,” said OOCL in its

Port of Dubai

Voted the “Best Seaport in the Middle East” by the Higher Committee for UAE Civil Seaports and Airport Security, the Port of Jebel Ali in Dubai opened in 1979 to supplement Port Rashid. This is the most-used harbor outside of the United States by the U.S. Navy. 

Port of Busan

Located on the southern end of the Korean peninsula, the Port of Busan is a metropolitan city with a population of 3.5 million residents. Yong Island splits the Port of Busan, connecting to the mainland by drawbridge — the east side focuses on trade, and the west side centers