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.
Shipping
Bulk Carrier Attacked in Singapore Strait Amid Rising Incidents
UK-based maritime security consultancy Ambrey reported that a bulk carrier was boarded by four armed individuals whilst in the Singapore Strait.
CMA CGM Welcomes New Vessel Escurial to Its Fleet
On January 7th, the French shipping giant CMA CGM announced the delivery of its latest vessel ot its fleet, the CMA CGM Escurial.
JEF Deploys Advanced AI System to Monitor Undersea Threats
The Joint Expeditionary Force, a UK-led military partnership in Northern Europe, has activated a system to detect threats to undersea infrastructure
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
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.
Maersk Launches New SLN Mediterranean Sea C Service
Danish shipping company Maersk is merging its SLH and SLZ services to create the new SLN – Mediterranean Sea C service.
Singfar Group Plans Fleet Expansion with LNG Bunker Vessels
Singfar Group is poised to enhance its fleet with up to four newly constructed LNG bunker vessels say industry insiders.
COSCO Expands Dry Bulk Fleet with 10 New Kamsarmax Vessels
COSCO Shipping is advancing its large-scale expansion in the dry bulk sector with a new order for 10 kamsarmax bulk carriers.
Hapag-Lloyd Announces Rate Hike for India-Middle East to US
Hapag-Lloyd has announced a GRI / GRA for container shipments moving from the Indian Subcontinent and Middle East to North America.
Doun Kisen Expands Bulk Carrier Fleet with Four New Orders
Japan's Doun Kisen has increased its bulk carrier orderbook in China, placing orders for four vessels according to multiple shipbroking sources.
Armed Attack Targets Bulk Carrier in Philip Channel
A bulk carrier flying the Hong Kong flag was boarded by two armed intruders while sailing eastbound through the Philip Channel, near Indonesia.
Oil Spill Hits Kerch Strait After Tanker Disasters
Shorelines around the Kerch Strait have been contaminated with oil following a series of incidents involving aging Russian tankers in recent days
UK Expands Sanctions on Russian Tankers, Leads Global Efforts
The UK remains at the forefront of the global effort to impose sanctions on Russian tankers with 20 additional tankers added to the list.
Yang Ming & OOCL Unveil New China-Thailand Container Service
Yang Ming and Orient Overseas Container Line (OOCL) have unveiled a new container shipping service connecting China and Thailand.
EU Extends Anti-Piracy Mission as Somali Threats Resurface
Following the resurgence of Somali piracy after nearly six years of inactivity, the EU has announced a two-year extension of Operation Atalanta.
China Expands Lead as World’s Top Shipowning Nation
China is solidifying its position as the world's largest shipowning nation, pulling nearly 30 million gross tons ahead of Greece, according to a report