Yang Ming Shipping Line Announces New Leadership Roles
Yang Ming has announced a significant management reshuffle, promoting Cliff Pai to president and appointing Feng-Ming Tsai as the new chairman.
Shipping
ONE Reports Strong Financial Performance in Q1 FY2024
Ocean Network Express (ONE) has announced its financial results for the first quarter of FY2024, covering April to June 2024.
Container Ship Sky Challenge Anchored in Busan After Grounding
A container ship operated by CK Line, named Sky Challenge, remains anchored in Busan after running aground on July 28.
Panama Canal Increases Daily Transits After Consistent Rain
The Panama Canal will increase its daily capacity to 36 transits starting in September, thanks to consistently strong rainfall.
Protests Erupt Over Oil Tanker Bunkering Stop in Gibraltar
Oil products tanker Overseas Santorini faced significant protests from pro-Palestinian supporters during a port call at Gibraltar for bunkering.
COSCO & Fortescue Partner to Develop Green Fuel Supply Chain
China’s COSCO has entered into a preliminary agreement with Australian mining company Fortescue to establish a green fuel supply chain.
Shipping Emissions Trading Scheme to be Enforced by Turkey
Shipowners looking to evade new environmental regulations by shifting operations to Europe’s eastern edge will need to reconsider their plans.
General Average Declared on Fire-Damaged Maersk Frankfurt
A general average has been declared on the Maersk Frankfurt, a newly built 5,500 TEU container ship that caught fire a week ago.
Iran Releases Crude Oil Cargo from Seized Tanker St. Nikolas
Iran has released the crude oil cargo of the St. Nikolas, a 159,000 dwt oil tanker that was seized in the Gulf of Oman.
NYK Investment to Restore Kelp Forests, Earn Carbon Credits
Japanese shipping giant NYK has discovered an innovative approach to earning carbon credits while also providing a popular delicacy to locals.
Swiss Lawyers Publish Book on Risks of Flags of Convenience
Two Swiss lawyers have published a comprehensive 247-page book examining the risks associated with flags of convenience in the shipping industry
Serafina Detained for Safety & Living Condition Violations
Insects and defective toilets are among the 29 deficiencies identified aboard a general cargo ship leading to its detention by Israeli authorities
Dubai-Based Entities to Facilitate Russian Gas Shipments
Entities have been set up in Dubai to facilitate the movement of Russian gas shipments, reminiscent of Moscow's strategies to circumvent sanctions
Canada's Green Shipping Corridors Combat Climate Change
In response to the issue of climate change, Transport Canada is taking significant steps to mitigate the environmental impact of marine shipping.
Dramatic Turn of Events in Tanker Collision Off Singapore
Friday's tanker collision off the coast of Singapore took an unexpected turn over the weekend when one of the vessels attempted to flee the scene
Fire Erupts on Maersk Container Ship Off Goan Coast
Huge fire breaks out on container ship Maersk Frankfurt, located about 102 nautical miles southwest of Goa, while en route to Colombo, Sri Lanka.
Indonesian Authorities Seize 106kg of Crystal Methamphetamine
On Saturday, July 13th, Indonesian authorities confiscated 106 kg of crystal methamphetamine aboard the landing craft Legend Aquarius.
La Niña Set to Impact Global Shipping Trade Patterns
Meteorologists from various countries have concluded that the weather phenomenon known as La Niña is expected to impact as early as next month.
Maersk Introduces Shipping Route Between China & Bangladesh
In response to growing trade demands, particularly in the retail sector, Maersk has launched a new shipping route between China and Bangladesh.
Yangzijiang Shipbuilding Expands with New Yard in Jingjiang
Yangzijiang Shipbuilding, China's largest privately owned shipbuilder, is expanding its operations by developing a new yard in Jingjiang City.