Bulk Carrier Detained in Singapore Over Payment Dispute
A bulk carrier flying the Marshall Islands flag, the Porthos, was detained in Singapore on December 7th following a sheriff’s order.
Corporate News
Maritime Union of New Zealand Opposes Live Animal Exports
The Maritime Union of New Zealand has officially voted against the government's proposal to restart live animal exports, reaffirming its stance.
Greek Shipbrokers Intermodal, Golden Destiny Merge Operations
Intermodal and Golden Destiny, two Greek shipbroking firms, have officially merged - another step in the consolidation trend within shipbroking.
Princess Cruises Breaks Booking Records Over Holiday Weekend
Princess Cruises has announced record-breaking booking numbers during the Black Friday to Cyber Monday period, as detailed in a press release.
US Regulators Delay Launch of New Asian Shipping Alliance
Plans for the Premier Alliance, a new shipping consortium in Asia, have been delayed after intervention from the U.S. Federal Maritime Commission
Indian Dockworkers Threaten Strike Over Wage & Benefit Issues
Indian dockworkers are to strike on December 17 unless their demands for wage revisions and productivity-linked rewards are addressed by the 15th
Denmark's Offshore Wind Tender Faces Major Setback
Denmark’s offshore wind energy goals have hit a significant roadblock, as the first phase of its 6GW North Sea tender failed to attract any bids.
Global Trade Set to Reach Record $33 Trillion in 2024
Global trade is projected to achieve a historic high of $33 trillion in 2024, as per a report from UNCTAD, the trade body of the United Nations.
CMA CGM Surpasses Maersk as Top Transpacific Carrier
CMA CGM has overtaken Maersk to claim the top spot as the largest carrier on the transpacific trade route.
Cunard Celebrates Record-Breaking Bookings in 2024
Following the launch of the Queen Anne, Cunard has achieved a milestone in 2024, reporting its highest-ever bookings for the year.
U.S. Imposes Sanctions on Iranian Oil Shipping Network
The United States has announced sanctions against 35 entities and vessels linked to the transportation of Iranian petroleum and its derivatives.
Maersk Orders 20 Dual-Fuel Container Vessels for Fleet Renewal
Maersk has placed an order for 20 new container vessels equipped with dual-fuel engines, partnering with three shipyards for their construction.
Castor Maritime to Sell Containership, Taking $3.3m Loss
Cyprus-based shipowner Castor Maritime has agreed to sell one of its three containerships, incurring a loss of approximately $3.3 million.
Nanjing Tanker Expands Fleet with New Panamax Tanker Order
China’s Nanjing Tanker is advancing its fleet modernization efforts by commissioning a series of new panamax tankers from a domestic shipyard.
Brazil Launches $3 Billion Port Privatization Initiative
The Brazilian government has unveiled a plan to privatize its port sector, aiming to attract approximately $3 billion in private investments.
Splintered Shipping Rules Loom Amid Global and Local Shifts
The UK government is reviewing its emissions trading system framework and considering adding the shipping sector in just over a year's time.
Hapag-Lloyd Secures Green Methanol Supply to Cut Emissions
German shipping company Hapag-Lloyd has signed an agreement with Beijing-based Goldwind for the annual supply of 250,000 tonnes of green methanol
MSC's Stake in Hamburg Port Reshapes North Europe Trade Hub
Mediterranean Shipping Co, the largest container shipping line globally, has finalized its acquisition of a major stake in the Port of Hamburg.
Farmers Block Port of Holyhead in Protest Against Inheritance Tax
Farmers in North Wales staged a protest at the Port of Holyhead, obstructing access to oppose the introduction of a new 20% inheritance tax.
Kylie Minogue’s Non-Alcoholic Rosé Joins Princess Cruises
Princess Cruises has added Kylie Minogue’s award-winning No Alcohol Sparkling Rosé to its “Love Line Premium Liquors” collection.