Indonesian Authorities Seize 106kg of Crystal Methamphetamine
On Saturday, July 13th, Indonesian authorities confiscated 106 kg of crystal methamphetamine aboard the landing craft Legend Aquarius.
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La Niña Set to Impact Global Shipping Trade Patterns
Meteorologists from various countries have concluded that the weather phenomenon known as La Niña is expected to impact as early as next month.
Maersk Introduces Shipping Route Between China & Bangladesh
In response to growing trade demands, particularly in the retail sector, Maersk has launched a new shipping route between China and Bangladesh.
Yangzijiang Shipbuilding Expands with New Yard in Jingjiang
Yangzijiang Shipbuilding, China's largest privately owned shipbuilder, is expanding its operations by developing a new yard in Jingjiang City.
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.
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.