CMA CGM Suspected to be Behind Large Ship Order in S. Korea
CMA CGM is widely believed to be the European owner behind a recent significant ship order in South Korea with builds being split over two yards.
Shipping
Detained Oil Tanker Adventure Sweet Finally Leaves Iran
The oil tanker Adventure Sweet, detained by Iran for over a year, has been released and is now heading towards international waters.
Second Vessel this Month Carries Nigerian Crude Oil to Norway
The Maran Lyra, a Very Large Crude Carrier, is scheduled to arrive in Norway today with what broker Braemar has described as “unusual” cargo.
Self-Imposed 6-Year Deadline for Panama Canal Reservoir Project
The Panama Canal Authority has set a six-year timeline to complete the construction of a massive $1.6 billion reservoir along the Indio River.
MSC Acquires Two Container Ships Under Construction in China
Mediterranean Shipping Co (MSC) has acquired two containerships that are currently under construction in China from BAL Container Line.
North American Port Strike Possibility Worries Supply Chain
The threat of port strikes throughout North America, including Canada, continues to cause concern within already strained supply chains.
Yang Ming Achieves Biofuel Bunkering Landmark in South Korea
Yang Ming Marine Transport Corporation revealed its vessel YM Together has become the first foreign-flagged ship in South Korea to use biofuel.
Container Shipping Rates Now Quadruple Pre-Pandemic Levels
Container freight rates continue to rise, making Q3 potentially one of the most profitable quarters in the history of liner shipping.
Trial Delayed: Captain Missing in Illegal Oil Transfer Case
The trial at the Indonesian district court in Batam has been postponed due to the disappearance of the accused, the captain of the tanker involved.
Maersk Warns of Continuing Disruptions to Red Sea Routes
The coming months are expected to be difficult for carriers and businesses due to ongoing disruptions in container shipping through the Red Sea.
New Hanseatic Global Terminals Revealed by Hapag-Lloyd
Hapag-Lloyd's terminal and infrastructure division has been renamed Hanseatic Global Terminals. The company is the world’s fifth-largest carrier.
ONE to Improve Thailand Indonesia Service
Ocean Network Express (ONE) will be upgrading its Thailand Indonesia Service (TID1) starting from July 10th 2024.
Car Carrier Fleet Expected to Grow by 40% in Next Few Years
The booming market for PCTCs, where daily rates have hit six figures for months, is projected to expand by around 40% in the next few years.
COSCO Unveils New Mexico Pacific-Far East Service
COSCO Shipping has introduced its new Mexico Express Service (WSA5), linking major Mexican Pacific ports with prominent Far East ports.
Panama Canal Announces More Transit & Draft Increases
The Panama Canal Authority (ACP) has recently announced an additional increase in both draft limits and daily transit numbers.
MSC Enhances Asia Service Network with New & Upgraded Routes
MSC has announced updates to its Asia service network by enhancing two existing services while also introducing a brand new one.
Missile Attack on MSC SARAH V in the Arabian Sea
On Monday, June 24, United Kingdom Maritime Trade Operations (UKMTO) reported that a vessel was attacked while navigating the Arabian Sea.
Mitsui OSK Lines & Kristian Jebsen in Gearbulk Takeover Deal
MOL, Japan's leading shipowner, is set to acquire Gearbulk from Kristian Jebsen, with the transaction expected to finalize by January 2025.
Panama Canal Announces Increase in Daily Transits
The Panama Canal has announced an increase in the number of daily transits rising from a total of 32 to 33, effective from July 11th.
LPG/Ammonia Carrier Order for Tianjin Southwest Maritime
Tianjin Southwest Maritime has returned to CSSC-affiliated Huangpu Wenchong Shipbuilding to commission larger ammonia dual-fuel gas carriers.