Viking Takes Cautious Approach to Chinese Market Expansion
Viking is approaching the Chinese market with caution, as discussed by CFO Leah Talactac during the company’s second quarter earnings call.
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Explosion on Cargo Ship at Manila Results in Fatality, Injuries
A cargo ship flying the Philippine flag experienced an explosion while docked at Manila Port on August 27, as reported by local news outlets.
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.
Carnival Panorama Begins 18-Night Voyage to Alaska & Japan
The Carnival Panorama departs from its homeport in Long Beach today, embarking on an 18-night cruise that takes passengers to Alaska and Japan.
Fire Breaks Out on Cargo Ship EFES in Bay of Bengal
A marine and transport claim company reports a fire aboard cargo ship Efes. The incident occurred August 19 some 540 nautical miles off Chennai.
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.
Shanghai Opens New Container Terminal at Luojing Port
Shanghai, the world's largest container port, has opened a new container terminal area north of the city on the south bank of the Yangtze River.
Fire Aboard Oil Product Tanker Near Gili Tepekong Island
In the early hours of Wednesday, August 7, the Indonesian Ministry of Transport reported a fire aboard the oil product tanker Elisabet Satu.
Armed Robbery Reported on Bulk Carrier in Strait of Malacca
The Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia report robbery on the bulk carrier Ultra Colonsay.
Ponant Opens Sales for 10-Day Vietnamese Coastal Voyage
Ponant announced the launch of sales for a 10-day voyage along the Vietnamese coast, set to sail from Ho Chi Minh City to Ha Long this fall.
COSCO Orders Four Asphalt Carriers from Mawei Shipyard
China’s COSCO Shipping has placed an order for four 9,000-tonne special liquid cargo ships with Mawei Shipyard, a part of Fujian Shipbuilding.
Filipino Crew Members of MSC ARIES Released by Iran
The Department of Migrant Workers in the Philippines has confirmed that all Filipino crew members aboard the MSC Aries have been released.
ONE and SIPG Collaborate to Advance Alternative Marine Fuels
Ocean Network Express and Shanghai International Port Group sign agreement to advance the development and supply of alternative marine fuels.