InterManager Urges Prevention of Enclosed Space Deaths
InterManager, the international trade association for ship and crew management, highlighted a series of fatal incidents within a week in Dec 2023
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Impact of Drought - Panama Canal Toll Revenue Faces Decline
On Wednesday, the administrator of the Panama Canal disclosed a monthly decline of roughly $100 million in toll revenues since October.
RCL Expands Fleet with Order for Four Boxships from China
Several brokerage report RCL, a Thai shipping company, has ventured to southern China for the procurement of four 4,400 TEU vessels.
Financial Turmoil Hits Leading Shipbuilder in Vietnam
Vietnam shipbuilder SBIC formerly Vinashin, is poised for bankruptcy as numerous attempts to restructure the company have proven unsuccessful.
Euronav Plans for 120 Low-Carbon Ships Under New CEO Saverys
Alexander Saverys, recently appointed CEO of the tanker giant following a takeover battle, discussed how he views the Euronav fleet evolving.
Price of Skipping Panama Canal Queues Drops Significantly
The price for vessels to skip Panama Canal congestion lines has reduced significantly from the multimillion-dollar records of recent months.
TFG Marine Supports Fratelli Cosulich’s Methanol Dual-Fuel Tech
The Italian maritime firm Fratelli Cosulich has placed an order for its inaugural methanol dual-fuel chemical bunker tanker.
Fleet Modernization: Frontline Phases Out Five Senior VLCCs
John Fredriksen's maritime enterprise, Frontline, has officially announced the sale of its five most senior Very Large Crude Carriers (VLCCs).
Cameroon Flag on Tankers Banned in UAE Over Safety Concerns
The United Arab Emirates has prohibited ships bearing the flag of Cameroon from entering its waters.
ZIM Elevating Container Monitoring with Advanced Tracking Tech
The global container fleet is moving towards enhanced intelligence as ZIM declares investment in tracking devices for its dry van container fleet
Nakilat Commissions Six New Gas Carrier Builds in S. Korea
Nakilat, a leading Qatari company in liquefied natural gas (LNG) shipping, is significantly expanding its fleet by adding six new gas carriers.
US Coast Guard Confiscate Cocaine, Heroin, Meth Valued at $11M
Gulf of Oman: US Coast Guard achieved initial drug interdiction for the year, successfully confiscating an array of narcotics valued at $11 million.
Crisis in Red Sea Risks Port Overcrowding & May Drive Shipping Costs
HSBC Global Research has issued a caution regarding the potential implications of the current crisis in the Red Sea on maritime logistics.
Container Shipping Costs Escalate Due to Security in Red Sea
In recent developments the shipping industry is witnessing a hike in short-term rates for container transport across Asia, Europe, and the USA.
IMarEST Appoints New Chief Executive
The Institute of Marine Engineering, Science & Technology (IMarEST) has officially announced Chris Goldsworthy as new chief executive officer.