Former Oil Tycoon OK Lim Sentenced to 17.5 Years for Fraud
Lim Oon Kuin, founder of now-defunct Singapore oil trading firm Hin Leong, was handed a 17-and-a-half-year prison sentence on Monday for fraud.
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CMA CGM Adds New LNG-Powered Ship to Its Fleet
CMA CGM has welcomed the latest LNG-powered vessel to its fleet, the CMA CGM Fort Diamant, which was delivered on November 18th.
The Hood Launches New Platform for Maritime Community
The Hood introduces new social platform aimed at connecting the maritime community, including seafarers, their families and industry professionals
MSC Completes Acquisition of Stake in Hamburg Port
All conditions for the voluntary public takeover offer have been met for Mediterranean Shipping Co’s (MSC) investment in the Hamburg port.
Vessel Reports Missile Splashes in Red Sea Near Yemen
A ship transiting the Red Sea, approximately 25 nautical miles off the coast of Al Mukha encountered missile splashes hitting the water nearby.
Automation Dispute Could Lead to New East Coast Strike
A challenge for the incoming Trump administration may be an impending strike as a trade union remains firm on its stance against automation.
Evergreen Marine Seeks Proposals for Megamax Methanol Ships
According to Alphaliner, Taiwan’s Evergreen Marine has issued a request for proposals for eleven new 24,000 TEU methanol dual-fuel vessels.
COSCO Expands VLCC Fleet with Six Newbuilds at DSIC
COSCO Shipping Energy Transportation is expanding its fleet of VLCCs by adding six newbuilds at Dalian Shipbuilding Industry Co (DSIC).
Hapag-Lloyd Sets Rate Hike for South America to North America
Hapag-Lloyd announces General Rate Increase (GRI) for routes from the East Coast of S. America to N. and Central America, as well as Caribbean.
Russia's Top Shipyards in Merger Talks Backed by Putin
Two of Russia's leading shipyards are discussing a potential merger, a deal backed by President Vladimir Putin.
Asian Shipyards See Record Orders Amid High Newbuild Prices
A report reveals that new vessel deliveries in 2023 hit a seven-year peak, adding 35 million compensated gross tonnes (cgt) to the global fleet.
Panama Moves to Deregister Four Sanctioned LNG Tankers
Panamanian authorities announce they will cancel the registration of four LNG tankers, following US sanctions linked to illicit activities.
Record Surge in New Boxship Orders Marks 2024 Boom
Boom in container shipping industry continues into 2024, with year on track to set records for new vessel deliveries, as order volumes outpace 2023
Maersk & Syngenta Renew Partnership for Sustainable Logistics
Maersk and Syngenta Crop Protection, a leader in agricultural innovation, have extended their 4PL partnership for another five years.
Idle Container Fleet Reaches Historic Low Amid Red Sea Crisis
The idle container fleet has hit an all-time low, with Alphaliner reporting that the Red Sea crisis has affected ship utilization more than COVID