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.
Shipping
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.
New 2030 Strategy Revealed by Hapag-LLoyd
Hapag-Lloyd unveiled its Strategy 2030, outlining a plan aimed at achieving quality leadership, sustainability, innovation and efficiency.
Russian Tankers Stranded Due to US's Iran-Related Sanctions
Four Russian tankers transporting oil and refined products have been stranded at sea due to sanctions related to Iran imposed by the United States
NYK Soon to Supply Fuel to Ammonia-Powered Tugboat
During the At the Sea Japan 2024 event, NYK unveiled its plans to begin supplying fuel ammonia to its soon-to-be-completed ammonia-fueled tugboat
Singapore Beats Off Competition to Remain Shipping Hub King
Singapore is again been named the world's premier maritime hub, topping multiple global rankings, the latest being revealed during Singapore Maritime Week.
S. Korea PM Pledges $4B to Grow Country's Containership Fleet
South Korea's President announces significant $4 billion investment to enhance the country's containership fleet
CMA CGM Rate Restoration Announced for N. Europe & Med to N. America
CMA CGM is launching Rate Restoration Initiative 4 which will affect shipments from North European and Mediterranean ports heading to N. America.
Shipyard in North East England Faces Closure
A ship repair yard in northeast England, A&P Tees, is shutting down. Spanning five acres, the site includes two drydocks and a 240-meter jetty.
India-Arabian Gulf Reefer Surcharge Implemented by Hapag-Lloyd
Hapag-Lloyd has introduced a Peak Season Surcharge (PSS) applicable to cargo being transported from India to various ports in the Arabian Gulf.
Scrubber Discharges Banned by Danish Government
The Danish government has aligned itself with an increasing number of nations implementing measures against the use of open-loop scrubbers.
Scan Baltic Feeder Service Upgraded by ONE
ONE is set to upgrade its Scan Baltic Feeder Services with the implementation of a new service structure in the Scandinavia and Baltic regions.
Prices of Handy Bulkers Remain Constant
Transaction activity in the dry bulk sector shows signs of slowing, mirroring the decline of the Baltic Dry Index, which has seen a reduction since mid March.
Wallenius Wilhelmsen Signs $1B Contract in Premium Car Sector
Wallenius Wilhelmsen, the leading operator of RoRo vessels globally, has entered into a substantial multi-year agreement with a top-tier company.
Another Container Ship Runs into Propulsion Issues in US
In the US, another container ship encountered a loss of control as it neared the Verrazano Bridge in New York City.
ZIM Overtakes Yang Ming in Global Liner Rankings
Global rankings of liners have seen significant changes, with the Israeli shipping company ZIM surpassing Taiwan's Yang Ming in terms of capacity
Container Line Stabilizes, Red Sea Rerouting the New Norm
Sea-Intelligence observed an uptick in the global punctuality of container shipping lines in February, noting a 1.7% point increase from January.
Containers Removed from M/V Dali in Baltimore
On Sunday, the Unified Command initiated the removal of containers from the M/V Dali at the site of the Francis Scott Key Bridge incident.