News Flash

Australian Police Seize $195 Million In Cocaine Aboard Maersk Boxship

Australian authorities have seized 700 kilos of cocaine from a container aboard a Maersk boxship in Sydney, adding to the...
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Shipping Firm Maersk, A Barometer For Global Trade, Warns Of Weak Demand And Warehouses Filling Up

AP Moller-Maersk this week predicted a slowdown in global shipping container demand this year amid weakening consumer confidence and supply...
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UK’s Busiest Container Port Set For 8-Day Strike

Workers at the UK’s largest container port will hold an eight-day strike at the end of August, union bosses said...
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Less U.S. Gas To Asia, Freeport Explosion Reduce LNG Vessel Transit Through Panama

The Panama Canal has seen a 30% fall in the traffic of vessels carrying liquefied natural gas (LNG), driven by...
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Ukraine Wants Shipping Safe Passage Deal To Extend Beyond Grain

Three grain ships left Ukrainian ports on Friday under a safe passage deal while the first inbound cargo vessel since...
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Korea’s Big Three Shipbuilders In Red Despite Growing Order Backlog

South Korea’s three major shipbuilders remain in the red despite hefty new ship orders so far this year, led by...
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Four More Grain Ships Leave Ukraine As Hopes Grow For Export Stability

Four more ships carrying grain and sunflower oil have left Ukraine ports via a safe maritime corridor. Millions of tonnes...
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Coal Far From Dead: Global Trade Thrives, War Reroutes Shipping

The market has spoken: Coal is dying” declared a September 2019 headline in CNN Business, after China announced it would...
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Shipping Faces Investment Obstacles In Low-Carbon Marine Fuels

Shipping has been slower than other other transportation sectors in identifying a decarbonization approach to help counter climate change.As airlines...
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Maersk Acquires Danish Company To Add Global Project Logistics

Maersk is continuing to use its strong financial results and cash generated from operations to pursue its strategy to become...
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Keppel O&M Tries Out VR Goggles In The Shipyard

Keppel Offshore and Marine (Keppel O&M) is pushing the quest for digitalization to new heights after adopting a 5G enabled...
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IMF Tells Europe To Let Consumers Bear The Brunt Of Higher Bills To Encourage Energy Saving

The International Monetary Fund warned European governments against intervening in the region’s worsening energy crisis with broad-based financial support, saying...
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Iran Says Ready To Return Oil Output To Pre-Sanctions Level

Iran said that it is ready to return its crude oil production to pre-sanctions levels at the earliest possible time....
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Asia Grains-Russian Suppliers Offer Wheat In Asia, But Buyers Reluctant

Suppliers offered Russian wheat at lower prices this week in Asia, but most millers were unwilling to sign deals in...
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Port Of New York And New Jersey Adds Fees For Ocean Carriers As Shipping Containers Pile Up

The Port of New York and New Jersey announced new tariffs this week related to empty containers and export volume...
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A. P. Moller – Maersk To Acquire Danish Company Martin Bencher Group To Strengthen Handling Of Project Logistics

Today, A.P. Moller – Maersk (Maersk) has reached an agreement to acquire Martin Bencher Group, a Denmark-based project logistics company...
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K Line: Proposal To Acquisition Of Shares In Atlas Corp. By A Consortium Including An Equity Method Affiliate

Kawasaki Kisen Kaisha, Ltd. (““K”Line”) informs that a consortium composed of David L. Sokol, Chairman of the Board of Directors...
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Japan’s NYK-Owned Tanker To Load Sakhalin 2 LNG As New Operator Takes Over

A number of LNG tankers are arriving at Yuzhno-Sakhalinsk in Russia’s Far East at a time when a new Russian...
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MOL Joins Research JV Using Aerospace Engineering To Reduce Emissions

Mitsui O.S.K. Lines, which has already been actively pursuing wind-assisted propulsion and fluid dynamics for improved performance, will now join...
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Tugboat Unions To Disrupt Australian Ports In Long Contract Dispute

Three of Australia’s maritime unions are threatening to disrupt operations at ten of Australia’s seaports on Friday, August 5, in...
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