ONE to Improve Thailand Indonesia Service
Ocean Network Express (ONE) will be upgrading its Thailand Indonesia Service (TID1) starting from July 10th 2024.
Shipping
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.
ONE Modern is First Vessel on West India North America Route
ONE Modern has become the inaugural vessel for the new West India North America service, establishing a route between India and ports in Georgia.
Euroseas Enters Time Charter Contract for Newbuild Feeder
The Nasdaq-listed Greek boxship owner, Euroseas, has secured a time charter contract for a new feeder ship that is currently being built.
WSC Annual Report Shows Record Low of Containers Lost at Sea
The World Shipping Council has published its annual report on containers lost at sea, noting a substantial decrease to 221 boxes lost in 2023.
Global Liner Fleet Hits 30M TEU for First Time in History
Per Alphaliner data, the global liner vessel fleet has surpassed 30M TEU for the first time, driven by a surge of newbuilds from Asian shipyards.
LNG & Container Ship Orders Push Delivery Dates into 2029
Orders for LNG carriers and container ships continue to dominate the order books at Asian shipyards with brokers reporting an increase in orders.
Further Raft of Shipping Sanctions for Russia During G7
As G7 leaders meet in Italy this week, a new series of coordinated sanctions against Russia have been making headlines, many affecting shipping.
MSC Vessel Hit with Arrest Warrant After Speeding Incident
The US Court issue arrest warrant for MSC Michigan VII following a lawsuit by a terminal operator claiming the vessel damaged a Charleston Pier.
Four New Chemical Tanker Newbuilds for Alita Shanghai
Alita Shanghai International Shipping is expanding its fleet of stainless steel chemical tankers by commissioning up to four new ships.
China and Russia Partner to Create Arctic Liner
Russia is moving forward with a project in collaboration with China to enable year-round container shipping along the Northern Sea Route (NSR).
Gulf Energy Maritime Returns to South Korea for New MR Tankers
Gulf Energy Maritime, who specializes in commercial product and chemical tankers, has placed an order for MR vessels at HD Hyundai Mipo Dockyard.
Unseaworthy Bulk Carrier Given 3 Month Australia Ban
AMSA have announced that the bulk carrier Peace has been banned from Australian ports for three months due to being deemed unseaworthy.