Wellard Sells Final Ship, Signaling a New Chapter
After 46 years Australia’s Wellard is preparing for a future without ships after announcing the sale of its livestock carrier, the Ocean Drover.
Corporate News
Passenger Dies Aboard MSC Cruise Ship Hosting Corporate Event
A passenger on an MSC Cruises ship which was hosting a corporate charter for MAG Seguros passed away on January 9 due to a sudden illness.
Cyprus Shipping Chamber Names New Director-General
The Cyprus Shipping Chamber has announced the promotion of deputy director-general Alexandros Josephides to the role of director-general.
Royal Caribbean Group to Announce 2024 Financial Results
Royal Caribbean Group will host a conference call at 10:00 A.M. Eastern Time on Tuesday, January 28, 2025, to review its financial performance.
MOL Partners on Green Corridor Linking Portugal to N. Europe
MOL has signed a MoU with Madoqua Renewables Holding Lda and other international industry leaders to establish a European green shipping corridor
APL Maritime Resolves Sexual Harassment Lawsuit in US Court
APL Maritime, a U.S.-based subsidiary of CMA CGM, has reached a confidential settlement in a sexual harassment case brought before the US Court.
India Unveils ₹57,000 Crore Maritime Development Projects
Union Minister Sarbananda Sonowal reveals transformative plans to expand Kandla Port and establish a cutting-edge shipbuilding facility for VLCCs
MSC Cruises to Debut Star-Studded Ad During Super Bowl
MSC Cruises announced plans to air a 60-second commercial during the Super Bowl. The ad features two celebrities, whose identities remain a mystery
Marcos Highlights Key Benefits of Seafarers' Magna Carta
President Ferdinand Marcos oversaw the signing of the implementing rules and regulations for the Magna Carta of Filipino Seafarers on Wednesday.
2024 Fleet Growth Analysis: Top Container Carriers Expand
Year end data finds fleet expansion among the world’s top container shipping companies remained consistent in 2024, with many reporting growth.
ILA & USMX Reach Tentative Six-Year Contract Agreement
The International Longshoremen’s Association and United States Maritime Alliance reach a tentative agreement on a new six-year master contract.
COSCO Downplays Inclusion on US Pentagon Military List
COSCO tries to minimize concerns following its addition to a US Department of Defense list of companies with alleged ties to China’s PLA.
Vard Explores Nuclear Propulsion for Maritime Shipping
Vard is working with the Norwegian University of Science and Technology and other stakeholders on a project to investigate nuclear propulsion.
Asia-Europe Freight Rates Drop Amid Alliance Reshuffle
Operators are cutting Asia-Europe freight rates as they compete for market share ahead of the upcoming reshuffling of container shipping alliances
COSCO & Other Chinese Firms Added to US Pentagon Blacklist
COSCO has been included in a list of companies the US Department of Defense identifies as having ties to China’s People’s Liberation Army (PLA).
BOEM Seeks Input on Offshore Wind Leasing Near Guam
The US Bureau of Ocean Energy Management issued a call for information and nominations regarding potential wind energy leasing off the coast of Guam.
Asia Pacific Shipping Expands Fleet with 12 New Tanker Orders
Vietnamese shipowner Asia Pacific Shipping (ASP) is significantly expanding its tanker fleet with 12 new vessels ordered from Chinese shipyards.
Critical Dockworker Talks Resume to Avert January Strike
Negotiations are to restart between employers and dockworker unions on the US East and Gulf coasts in an attempt to prevent a January 15 strike.
MSC Cruises to Sponsor Three Formula 1 Races in 2025
MSC Cruises announces its role as sponsor for three F1 World Championship races in the 2025 season, strengthening its partnership with the sport.
Equinor Secures $3B Funding for Empire Wind 1 in the US
Norwegian energy leader Equinor has secured a $3 billion financing package to support its Empire Wind 1 project in the United States.