Shipbuilding Risk Cover Launched at Lloyd's of London
The formation of the Builders’ Risk Consortium is a collaborative effort between Apollo, Munich Re, and Tokio Marine HCC International.
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More US Sanctions on Iran-Linked Oil Tankers
US imposes sanctions on more tankers & associated entities for their roles in transporting Iranian goods that finance the Quds Force, Houthis & Hezbollah
Four Options Added to Car Carrier Series by Wallenius Wilhelmsen
Wallenius Wilhelmsen has expanded its order for environmentally friendly ships with an additional four vessels capable of using methanol for fuel
ONE Announces Plan to Expand Fleet to 3m TEU by 2030
ONE, ranked as the sixth largest shipping line globally, has unveiled a plan to expand its operating capacity to 3 million TEU by 2030.
Baltimore Collision Ship Confirmed as Chartered by Maersk
The owners of the Singaporean-flagged container vessel involved in the collision with the Francis Scott Key Bridge earlier have issued a statement.
Update: Baltimore Bridge Collapse After Boxship Collision
The Baltimore City Fire Department, which is on the scene, reports that approximately 20 individuals and multiple vehicles were plunged into the river.
MSC Acquires 42% Stake in Logistics Specialist Clasquin
Maritime heavyweight MSC has, through its affiliate Shipping Agencies Services, agreed to purchase a 42% share in freight forwarding company Clasquin
Itochu & U-Ming Singapore Sign MoU for Ammonia Dual-Fuel Bulkers
U-Ming Marine Transport has entered into a MoU with the Japanese conglomerate Itochu to co-own and manage ammonia-powered dual-fuel bulk carriers
CMA CGM & Saudi's Folk Maritime Collaborate on Red Sea Service
French shipping giant CMA CGM is teaming up with Folk Maritime, an emerging feeder and short-sea navigation company based in Saudi Arabia.
Overweight Fees Announced by CMA CGM for South America
CMA CGM has introduced a new overweight surcharge (OWS), set to take effect from April 1, 2024, and to remain in place until further notice.
Suez Canal Experiences Dearth of LNG Carriers
For over two months, no liquefied natural gas (LNG) carrier has traversed the Suez Canal, as revealed by recent findings from UNCTAD.
Transpacific TP20 Service Reinstated by Maersk
Maersk is set to enhance its service network between Asia and the US East Coast by reintroducing the TP20 service.
Subic Bay Added to ONE's China Thailand Philippines Route
Ocean Network Express (ONE) has introduced Subic Bay port into the service rotation for its China Thailand Philippines route (CTP).
MoU Signed to Sell Off two of ESL Shipping's Supramaxes
ESL Shipping enters agreement to divest two Supramax class ships, Arkadia and Kumpula, to entities under the HGF Denizcilik Limited Sirket group.
Lock 2 Sees First Towboat of the Year on the Mississippi
On Sunday, the inaugural towboat of 2024 navigated through Hastings, MN Lock & Dam 2, heralding the start of the Mississippi's navigation season.