MSC Expands Fleet with Additional Secondhand Ship Purchases
MSC continues to solidify its position as the world’s leading liner company with the acquisition of even more secondhand vessels.
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China State Shipbuilding Corporation Units to Merge
Two divisions of China’s largest shipbuilding conglomerate, China State Shipbuilding Corporation, are set to merge through a share swap deal.
AIDA Cruises Unveil Hamburg Advanced Fleet Operations Center
September 2, AIDA Cruises celebrated the opening of its upgraded Fleet Operations Center in Hamburg, signaling advancement in maritime technology
COSCO Continues Expansion with Major Dry Bulk Vessel Order
COSCO Shipping has extended its aggressive expansion strategy by placing a substantial newbuilding order in the dry bulk sector.
Safetrans Line Sells Entire Fleet to MSC Amid Strategic Shift
Safetrans Line, a China-based liner operator with a focus on Russia, has sold all of its container ships to the Mediterranean Shipping Company.
COSCO Shipping Orders 12 Methanol-Powered Container Ships
COSCO Shipping, fourth largest container shipping company globally, places order for twelve 14,000 TEU container vessels with sister company.
Indian Government Reaches Wage Agreement with Dockworkers
The Indian government has successfully finalized a wage agreement with dockworkers, bringing an end to nearly three years of negotiations.
Port State Control to Launch Crew Wage Inspection Campaign
The Tokyo and Paris MoU on Port State Control gears up to initiate a three-month joint concentrated inspection campaign focused on crew wages.
Yang Ming Expands Owned Fleet with Early Ship Purchases
Taiwanese liner operator Yang Ming Marine Transport is growing its owned fleet by ending the charters of two 12,000 TEU ships ahead of schedule.
Viking Takes Cautious Approach to Chinese Market Expansion
Viking is approaching the Chinese market with caution, as discussed by CFO Leah Talactac during the company’s second quarter earnings call.
Royal Caribbean Group Expands Icon Class Fleet with Order
Royal Caribbean announces signing of agreement with shipbuilder Meyer Turku to construct fourth Icon Class vessel, set for delivery in 2027.
Ambassador Cruise Line Partner with Croquet England
Ambassador Cruise Line has entered into a three-year sponsorship agreement with Croquet England, becoming their Official Cruise Line Partner.
Analysts Predict Decline in Asia-Europe Freight Rates by 2025
Analysts from Asia-based container consultancy forecast drop in Asia-Europe box freight rates, expecting prices to plummet by over 70% by June.
Explora Journeys to Feature at 37th America’s Cup Race Village
Explora Journeys has announced its participation in the Official Race Village of the Louis Vuitton 37th America’s Cup, set to take place in Barcelona.
Swift Action Ends Canadian Rail Strike Within Hours
The Canadian rail strike concluded yesterday, just 18 hours after it began, as authorities acted swiftly to prevent a potential economic crisis.