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.
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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.
ONE Reports Strong Financial Performance in Q1 FY2024
Ocean Network Express (ONE) has announced its financial results for the first quarter of FY2024, covering April to June 2024.
Container Ship Sky Challenge Anchored in Busan After Grounding
A container ship operated by CK Line, named Sky Challenge, remains anchored in Busan after running aground on July 28.
Panama Canal Increases Daily Transits After Consistent Rain
The Panama Canal will increase its daily capacity to 36 transits starting in September, thanks to consistently strong rainfall.