Finland is 43rd Member of Combined Maritime Forces Alliance
On April 17, 2024, the Combined Maritime Forces (CMF), the largest maritime security alliance in the world, announced Finland as its newest member.
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Cargo Backlogs Due to Poor Weather in Persian Gulf
Severe weather across the Persian Gulf has raised significant concerns for ocean and air freight stakeholders, further complicating supply chains
Hapag-Lloyd Introduces New Feeder Service for Brazil
German shipping company Hapag-Lloyd has made adjustments to its Europe East Coast Express (ECX) service.
Livestock Carrier Runs Aground at Croatian Port Entrance
A livestock carrier, Deala, became stranded at the entrance to Rasa Port, Croatia on Tuesday, April 16th.
Canada Announces Sharp Increase in Shipping Fines
Canada's Transport Minister, Pablo Rodriguez, has announced significant increases in fines for violations of the Canada Shipping Act.
Euroseas Fixes Tie Charter Contract for Feeder & Agrees Sale
Euroseas, a company specializing in containerships, has secured a time charter contract for one of its feeder boxships and agreed to sell another
Decrease in Blank Sailings Reported by Sea-Intelligence
Spot rates have been on a downward trend for several months. Shipping companies are considering two main approaches to counter this trend.
Singapore Plans to Meet Rising Demand for Methanol
Singapore could produce over 1 million metric tons of methanol annually by 2030, which would meet the growing demand for alternative bunker fuel.
Howden Offering War Risk Cargo Insurance for Red Sea Routes
Broker Howden has begun offering war risk cargo insurance for vessels traversing the Red Sea to safeguard against drone and missile attacks.
Improved Connectivity to North Africa & Spain From BICT
The Batumi International Container Terminal, part of International Container Terminal Services, is to enhance service connectivity to North Africa & Spain
Hapag-Lloyd & Seaspan Plan for Retrofitting of Five Boxships
Hapag-Lloyd and Seaspan Corporation have entered into a partnership to convert five 10,100 TEU container ships to run on dual-fuel engines.
New 2030 Strategy Revealed by Hapag-LLoyd
Hapag-Lloyd unveiled its Strategy 2030, outlining a plan aimed at achieving quality leadership, sustainability, innovation and efficiency.
Russian Tankers Stranded Due to US's Iran-Related Sanctions
Four Russian tankers transporting oil and refined products have been stranded at sea due to sanctions related to Iran imposed by the United States
NYK Soon to Supply Fuel to Ammonia-Powered Tugboat
During the At the Sea Japan 2024 event, NYK unveiled its plans to begin supplying fuel ammonia to its soon-to-be-completed ammonia-fueled tugboat
Singapore Beats Off Competition to Remain Shipping Hub King
Singapore is again been named the world's premier maritime hub, topping multiple global rankings, the latest being revealed during Singapore Maritime Week.