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.
Corporate News
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.
Indonesian Tanker Owners Reap Profits from Strategic Sales
This quarter has been active for Indonesian tanker owners, who are capitalizing on the market by selling tankers acquired years ago at profit.
UK Firm Partners with DP World for DRC Deepwater Port
BII commits $35 million to DP World’s project at the Port of Banana, following collaborations between the two in Senegal, Egypt, and Somaliland.
Canada Braces for Industrial Action at Freight Rail Companies
Canada is poised for industrial action at two leading freight rail companies starting Thursday, as employers and employees remain at an impasse.
Princess Cruises Unveils MedallionNet Max Superior Wi-Fi
Princess Cruises launches MedallionNet Max, a cutting-edge onboard Wi-Fi service aimed at meeting the demands of digitally connected travelers.
Norwegian Sees Significant Increase in Onboard Revenue
Norwegian Cruise Lines has reported a substantial rise in onboard revenue, with gross onboard spend per passenger per day estimated at $126.85.
IMO Unveils Toolkit to Combat Insider Threats in Maritime
The International Maritime Organization has introduced a new toolkit aimed at enhancing the shipping industry's response to insider threats.
COSCO Orders Four Asphalt Carriers from Mawei Shipyard
China’s COSCO Shipping has placed an order for four 9,000-tonne special liquid cargo ships with Mawei Shipyard, a part of Fujian Shipbuilding.
Ambassador Hosts Travel Agents on Norway Fjordlands Cruise
After unveiling its 2024 FAM trip program, Ambassador Cruise Line invited 12 travel agents aboard the Ambience for a firsthand experience.
ONE and SIPG Collaborate to Advance Alternative Marine Fuels
Ocean Network Express and Shanghai International Port Group sign agreement to advance the development and supply of alternative marine fuels.
South Korea Opens Indonesian Shipbuilding Training Center
Faced with record orderbooks and production bottlenecks, the South Korean government has inaugurated a shipbuilding training center in Indonesia.
GTT & HD KSOE Works with CMA CGM on Cryogenic Fuel Tanks
GTT receive order from HD Korea Shipbuilding & Offshore Engineering to design cryogenic fuel tanks for 12 LNG-fueled containerships for CMA CGM.
Taiwan Government to Support Yang Ming's Fleet Expansion
Taiwan’s Transportation and Communications Minister announced on July 30 that the government will back Yang Ming in commissioning more newbuilds.