COSCO Shipping Energy Plans $378M Investment in Six Tankers
COSCO Shipping Energy Transportation has unveiled plans to invest CNY 3.496 billion ($378.3 million) in the construction of six new tankers.
Shipping
Houthi Leader Warns of Renewed Threats to Red Sea Shipping
Houthis issue warning, stating they're ready to resume attacks on ships transiting the Red Sea if ceasefire between Israel and Hamas collapses.
Hanwha Ocean to Construct LNG Carriers for Hanwha Shipping
South Korean shipbuilder Hanwha Ocean has secured contracts to build two LNG carriers for its affiliated company, Hanwha Shipping.
Global Boxship Orders Surge Past 9 Million TEU
France’s CMA CGM and Taiwan’s Evergreen are the latest global shipping giants to expand the record-breaking containership orderbook,.
Somali Pirates Resurface, Threatening Merchant Vessels
Shipping companies have been alerted to the resurgence of Somali pirates, who are once again actively seeking targets.
Hapag-Lloyd Expands Dual-Fuel Containership Fleet
Hapag-Lloyd is moving forward with additional dual-fuel containership orders, returning to South Kora to commission six 16,800 TEU vessels.
US Container Imports Hit Record High in January
US container imports surged to a new record in January, with shipments from China rising for a second consecutive month, according to Descartes.
Crude Oil Tanker Koala Runs Aground After Engine Explosions
February 9, a crude oil tanker carrying 130,000 tons of oil ran aground at Ust-Luga Port, Russia, following three explosions in its engine room.
Bangladesh Coast Guard Seizes Vessels for Illegal Fuel Transfer
The Bangladesh Coast Guard has intercepted and seized a chemical tanker and a Bangladeshi vessel for conducting an unauthorized fuel transfer.
U.S. Expands Sanctions Targeting Iranian Oil Shipments
Trump acts on pledge to increase pressure on Iran by imposing sanctions on those accused of facilitating the transport of Iranian oil to China.
Olympic Orders Two Energy-Efficient Offshore Vessels
Norwegian offshore operator Olympic expands fleet with offshore construction vessels, set to be built at China Merchants Heavy Industry shipyard
Maersk Reports Strong 2024, Red Sea Uncertainty Looms
In 2024, Maersk, Denmark’s largest shipping company, marked its third-best financial year in its entire 121-year history.
Hapag-Lloyd Secures Green Financing for 24 New Vessels
Germany’s Hapag-Lloyd has finalized funding arrangements for its 24-vessel newbuilding program, which was approved last year.
Captain of Silver Breeze Faces Charges After Grounding
The captain of Ro-Ro/passenger vessel Silver Breeze is facing prosecution following the ship’s grounding in the West Harbor of Tomakomai, Japan.
CMA CGM Acquires Four Ice-Class Container Ships for $120M
CMA CGM has finalized the acquisition of four ice-class wide beam container ships, originally built between 2016 and 2017, from Delphis.
Call for Increased Pilot Use in Gibraltar After Collision
A recent accident report has recommended greater use of pilots in Gibraltar’s waters following a significant maritime incident.
Ocean Network Express and LX Pantos Form Joint Venture
Japanese shipping company Ocean Network Express (ONE) has partnered with Korean logistics firm LX Pantos to launch Boxlinks in the United States.
Ocean Freight Rates Expected to Drop Further in February
Ocean container freight rates are set to decline further in February, influenced by the Middle East ceasefire and Lunar New Year slowdown.
Norway Releases Silver Dania After Baltic Cable Investigation
Norwegian authorities announced the release of the Silver Dania, which had been held under suspicion of damaging an undersea telecoms cable.
LNG Carrier Rates Plummet to Record Lows in the Atlantic
The difficult start to the year for LNG carriers reaches new lows, with some ship types now experiencing negative earnings in the Atlantic basin.