China State Shipbuilding Corporation Units to Merge
Two divisions of China’s largest shipbuilding conglomerate, China State Shipbuilding Corporation, are set to merge through a share swap deal.
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Shipspotter Claims Russian-Linked Ships Obscuring Identities
Ships linked to Russia have been engaging in crude attempts to obscure their identities, in direct violation of IMO regulations.
COSCO Continues Expansion with Major Dry Bulk Vessel Order
COSCO Shipping has extended its aggressive expansion strategy by placing a substantial newbuilding order in the dry bulk sector.
Safetrans Line Sells Entire Fleet to MSC Amid Strategic Shift
Safetrans Line, a China-based liner operator with a focus on Russia, has sold all of its container ships to the Mediterranean Shipping Company.
COSCO Shipping Orders 12 Methanol-Powered Container Ships
COSCO Shipping, fourth largest container shipping company globally, places order for twelve 14,000 TEU container vessels with sister company.
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.
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.
Panama Canal to Implement Long-Term Slot Allocation System
Panama Canal to introduce long-term slot allocation system aimed at enhancing transit certainty, flexibility, particularly for neopanamax locks.
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.
Cargo Vessel Heemskerkgracht Runs Aground Near Montreal
The Canadian Coast Guard has confirmed that a general cargo ship, the Heemskerkgracht, ran aground in the Kahnawake region close to Montreal.
Ocean Network Express Expands Scandinavian Baltic Express Service
ONE has announced major upgrades to its Scandinavian Baltic Express (SBX) service to include the ports of Antwerp, Rotterdam, Rauma, and Gävle.
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.
Egyptian Bulk Carrier Detained at Paradip in Financial Dispute
An Egyptian-flagged bulk carrier, the Wadi Albostan, has been detained at Paradip Port in India following orders from the Orissa High Court.
Pacific International Lines to Launch China-Bangladesh Service
PIL is preparing to introduce a new service, the China-Chittagong Express, which will connect key ports in China with those in Bangladesh.
CMA CGM Vessel Loses Containers Off South Africa East Coast
SAMSA has confirmed that a CMA CGM vessel has once again lost containers overboard while navigating the waters off South Africa’s east coast.