COSCO Expands VLCC Fleet with Six Newbuilds at DSIC
COSCO Shipping Energy Transportation is expanding its fleet of VLCCs by adding six newbuilds at Dalian Shipbuilding Industry Co (DSIC).
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Hapag-Lloyd Sets Rate Hike for South America to North America
Hapag-Lloyd announces General Rate Increase (GRI) for routes from the East Coast of S. America to N. and Central America, as well as Caribbean.
Russia's Top Shipyards in Merger Talks Backed by Putin
Two of Russia's leading shipyards are discussing a potential merger, a deal backed by President Vladimir Putin.
Asian Shipyards See Record Orders Amid High Newbuild Prices
A report reveals that new vessel deliveries in 2023 hit a seven-year peak, adding 35 million compensated gross tonnes (cgt) to the global fleet.
Panama Moves to Deregister Four Sanctioned LNG Tankers
Panamanian authorities announce they will cancel the registration of four LNG tankers, following US sanctions linked to illicit activities.
Record Surge in New Boxship Orders Marks 2024 Boom
Boom in container shipping industry continues into 2024, with year on track to set records for new vessel deliveries, as order volumes outpace 2023
Maersk & Syngenta Renew Partnership for Sustainable Logistics
Maersk and Syngenta Crop Protection, a leader in agricultural innovation, have extended their 4PL partnership for another five years.
Idle Container Fleet Reaches Historic Low Amid Red Sea Crisis
The idle container fleet has hit an all-time low, with Alphaliner reporting that the Red Sea crisis has affected ship utilization more than COVID
Shipyards Set Container Ship Delivery Record in 2024
Within just the first ten months of 2024, shipyard deliveries of containerships have reached a record annual high, according to BIMCO.
Hapag-Lloyd Set for Largest Fleet Expansion in 54 Years
This week, Hapag-Lloyd is set to approve the largest order spree in its 54-year history, according to analysts at Alphaliner.
Bulk Carrier Incident in Porto Alegre Blocks Ship Passage
On November 3rd, a Hong Kong-flagged bulk carrier, the Mount Taranaki, ran aground in the Itapua channel near Porto Alegre.
Global Lake Tanker Towed After Engine Failure in Canakkale
October 30, the Turkey-flagged chemical/products tanker Global Lake experienced engine failure while navigating the Canakkale Strait near Akbas.
Cargo Ship Fire Claims Two Lives, 23 Rescued in Turkey
October 31, fire erupts in engine room of general cargo ship, FG Sevil. Rescue teams put out the blaze but two crew members lost their lives.
Seacon Shipping Expands Fleet with Investment in Newbuilds
Hong Kong-listed Seacon Shipping announces plans to expand its fleet through a $63.9 million investment in six new multipurpose dry cargo ships.
Ukraine Names Ship Captains Transporting Stolen Grain
Ukraine’s Ministry of Defense has publicly identified 31 ship captains allegedly involved in transporting stolen Ukrainian grain.