News Flash

U.S. Seaports Are Weathering a Numbers Hangover in Import Volumes

U.S. seaports are having a terrible year, yet are seeing something of an importing resurgence at the same time. Imports...
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Container shipping under pressure as peak season hopes dim

One of the earlier scenarios for container shipping’s 2023 peak season went like this: Importers would get cocky and keep...
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World Shipping Council Releases Containers Lost at Sea Report – 2023 Update

The World Shipping Council (WSC) has released its annual report on containers lost at sea, revealing positive developments in container...
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Navy honors a champion sailor

The Navy rolled out the red carpet for Champion sailor Commander Abhilash Tomy (retd), who finished second in the enormously...
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MSC Sets New Record: Container Fleet Surges to Impressive 5 Million TEU Capacity

MSC successfully overtook Maersk and emerged as the world’s largest container carrier 16 months ago and continued its stream of...
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Remains of the Chinese fishing vessel located by Indian naval aircraft

The Indian Navy's P8I Maritime patrol aircraft located a Chinese fishing vessel that capsized three days ago in the Indian Ocean,...
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US and allied naval commanders in Mideast transit Strait of Hormuz, in show of force against Iran

The Mideast-based commanders of the U.S., British and French navies transited the Strait of Hormuz on Friday aboard an American...
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Why ports matter for the global economy

Since the start of maritime trade, ports have played a central role in the economic and social development of countries....
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HMM Enters Acquisition Race for Hyundai LNG Shipping

HMM, a South Korean shipping giant, has joined the race to acquire Hyundai LNG Shipping, the country’s top liquefied natural...
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US West Coast ports, dock workers ‘on doorstep of agreement’ – Port of LA exec

The executive director of the Port of Los Angeles thinks a tentative agreement between the International Longshore and Warehouse Union...
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Japanese Shipping Companies Saw Orders Plunge in April but Hand-Held Orders Hit Four-year High

Due to high ship prices, orders received by Japanese shipping companies continued to decline. However, the number of orders in...
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COVID boom not over yet for ‘landlords’ of shipping lines

Foreign container lines were widely blamed for stratospheric freight rates during the supply chain crisis. President Joe Biden proclaimed last...
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Americas clean tanker market looking to dirty up, sources say

Americas clean Medium Range tanker owners are looking to carry crude oil, dirtying up Medium Range and Long Range 1...
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COSCO SHIPPING to Build the Second 700 TEU Electric Container Ship

On May 8, COSCO SHIPPING Heavy Industry (Yangzhou) started to build the second 700 TEU electric container ship (N998) owned...
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More liner newcomers quit long-haul box lanes as rates tumble

According to consultancy Linerlytica, Transfar Shipping, BAL Container Line and container maker China International Marine Containers (CIMC), which started a...
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Russia sanctions, supply security, climate commitments at play in G7 Hiroshima

G7 leaders are set to tighten enforcement of Russian sanctions while bolstering supply chains of strategic commodities to ensure economic...
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China’s Yangshan Port Tops New Container Port Performance Index

Yangshan Port in China took top position in the third edition of the global Container Port Performance Index (CPPI), despite...
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TORM plc capital increase in connection with delivery of two vessels

With reference to Company Announcement no. 03 dated 16 March 2023 regarding the acquisition of three 2013 built MR product...
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Action plan to ensure diversity in shipping industry

Women working in the shipping must be supported, Deputy Minister of Shipping Marina Hadjimanoli said. Speaking on Thursday, the minister...
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Three new ships approved for Black Sea grain deal after Russia renewal

Three new ships were authorized on Thursday to take part in a deal allowing the safe Black Sea export of...
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