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.
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Cargo Vessel Heemskerkgracht Runs Aground Near Montreal
The Canadian Coast Guard has confirmed that a general cargo ship, the Heemskerkgracht, ran aground in the Kahnawake region close to Montreal.
Ocean Network Express Expands Scandinavian Baltic Express Service
ONE has announced major upgrades to its Scandinavian Baltic Express (SBX) service to include the ports of Antwerp, Rotterdam, Rauma, and Gävle.
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.
CMA CGM Vessel Loses Containers Off South Africa East Coast
SAMSA has confirmed that a CMA CGM vessel has once again lost containers overboard while navigating the waters off South Africa’s east coast.
UAE Bans Eswatini-Flagged Ships Following Cameroon Ban
The United Arab Emirates has recently prohibited ships flying the Eswatini flag from entering its ports, following a similar ban on Cameroon.
IMO Unveils Toolkit to Combat Insider Threats in Maritime
The International Maritime Organization has introduced a new toolkit aimed at enhancing the shipping industry's response to insider threats.
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.
South Korea Opens Indonesian Shipbuilding Training Center
Faced with record orderbooks and production bottlenecks, the South Korean government has inaugurated a shipbuilding training center in Indonesia.
GTT & HD KSOE Works with CMA CGM on Cryogenic Fuel Tanks
GTT receive order from HD Korea Shipbuilding & Offshore Engineering to design cryogenic fuel tanks for 12 LNG-fueled containerships for CMA CGM.
Taiwan Government to Support Yang Ming's Fleet Expansion
Taiwan’s Transportation and Communications Minister announced on July 30 that the government will back Yang Ming in commissioning more newbuilds.
Uniper Launches BioLNG at Rotterdam Terminal
German energy giant Uniper has taken a pioneering step by becoming the first company to supply BioLNG from the gate terminal in Rotterdam.
Yang Ming Shipping Line Announces New Leadership Roles
Yang Ming has announced a significant management reshuffle, promoting Cliff Pai to president and appointing Feng-Ming Tsai as the new chairman.