Welcome Departure for Vessels Trapped in Baltimore Harbor
Four vessels previously confined to Baltimore since the Francis Scott Key Bridge collapse last month have navigated the newly opened deeper channel
Shipping
CNA CGM & Bpifrance Launch €200m Energy Transition Fund
CMA CGM and public investment bank Bpifrance announce creation of €200M fund dedicated to advancing energy transition in French maritime sector.
Listing Cargo Ship Makes Distress Call to Suez Canal Authority
April 23, the Suez Canal Authority was alerted to an emergency involving an inland cargo ship, Labatros, at the northern end of the Suez Canal.
Far East - South America East Coast Service Update by Yang Ming
Yang Ming has announced plans to revamp its Far East to the East Coast of South America (FE-ECSA) shipping network starting in early May 2024.
Veteran Aframax Sold by TEN as Firm Continues Fleet Overhaul
Greek shipping company Tsakos Energy Navigation has successfully sold an older aframax tanker, advancing its initiative to modernize its fleet.
£8m Fund to Launch Smart Shipping & AI Feasibility Study in UK
UK Maritime Minister unveils an £8 million ($9.85 million) initiative aimed at advancing smart shipping technologies through feasibility studies.
IMO to Support Pacific Island Nations with New Fiji Office
The Fiji office will cater to the needs of Pacific Island countries by aligning IMO initiatives with national and regional development strategies
IMO Issues Warning About Two Fraudulent Shipping Registries
In advance of the upcoming legal committee meeting, the IMO has issued a warning about two shipping registries it considers fraudulent.
South Korea Allocates $2.5B to Grow Local Container Lines
South Korean government announced plans to invest approximately US$2.5 billion to expand the container shipping fleet of locally owned companies.
Finland is 43rd Member of Combined Maritime Forces Alliance
On April 17, 2024, the Combined Maritime Forces (CMF), the largest maritime security alliance in the world, announced Finland as its newest member.
Cargo Backlogs Due to Poor Weather in Persian Gulf
Severe weather across the Persian Gulf has raised significant concerns for ocean and air freight stakeholders, further complicating supply chains
Hapag-Lloyd Introduces New Feeder Service for Brazil
German shipping company Hapag-Lloyd has made adjustments to its Europe East Coast Express (ECX) service.
Livestock Carrier Runs Aground at Croatian Port Entrance
A livestock carrier, Deala, became stranded at the entrance to Rasa Port, Croatia on Tuesday, April 16th.
Canada Announces Sharp Increase in Shipping Fines
Canada's Transport Minister, Pablo Rodriguez, has announced significant increases in fines for violations of the Canada Shipping Act.
Euroseas Fixes Tie Charter Contract for Feeder & Agrees Sale
Euroseas, a company specializing in containerships, has secured a time charter contract for one of its feeder boxships and agreed to sell another
Decrease in Blank Sailings Reported by Sea-Intelligence
Spot rates have been on a downward trend for several months. Shipping companies are considering two main approaches to counter this trend.
Singapore Plans to Meet Rising Demand for Methanol
Singapore could produce over 1 million metric tons of methanol annually by 2030, which would meet the growing demand for alternative bunker fuel.
Howden Offering War Risk Cargo Insurance for Red Sea Routes
Broker Howden has begun offering war risk cargo insurance for vessels traversing the Red Sea to safeguard against drone and missile attacks.
Improved Connectivity to North Africa & Spain From BICT
The Batumi International Container Terminal, part of International Container Terminal Services, is to enhance service connectivity to North Africa & Spain
Hapag-Lloyd & Seaspan Plan for Retrofitting of Five Boxships
Hapag-Lloyd and Seaspan Corporation have entered into a partnership to convert five 10,100 TEU container ships to run on dual-fuel engines.