Red Sea crisis spurs surge in TEU capacity : Newbuildings fully absorbed
YEMEN : The total container ship capacity deployed on trades affected by the Red Sea crisis has increased by 1.26 million TEUs since October 2023, driven mainly by
SCA announces new Suez Canal mooring regulations and costs
CAIRO : The Suez Canal Authority (SCA) has announced new Circular No. 1-2024 about regulations and costs of mooring boats, mooring services, and lights during vessels’ transit through
Red Sea disruptions benefit shipping companies’ near-term profitability : Fitch Ratings
Global shipping companies’ short-term profitability will benefit from increased freight rates, which exceed the costs of re-routing following persistent attacks on commercial vessels in the Red Sea, Fitch
Retrofitted cargo vessel powered by hydrogen fuel could revolutionize shipping industry
A retrofitted cargo ship to be used on the Rhine River between The Netherlands and Germany is expected to produce lower carbon dioxide pollution than comparative vessels while
ClassNK grants Innovation Endorsement for Products & Solutions to “Cassandra” developed by
TOKYO : ClassNK has granted its Innovation Endorsement for Products & Solutions*1 to a vessel & voyage performance monitoring platform called “Cassandra” developed by Deep Sea Technologies SMPC.
HMM sale not likely to happen soon
SEOUL : South Korea’s Oceans and Fisheries Minister Kang Do-hyung said the government is not planning another attempt to sell its interest in HMM anytime soon. Kang was
Industry Association condemn Houthi attack on MV True Confidence
LONDON : Industry Associations express their deep concern over the tragic loss of life and injuries suffered by the crew of MV True Confidence in an attack in
Houthis shoot at another “American” ship saying attacks are escalating
YEMEN : Another bulker sailing southeast of Aden, Yemen was targeted by the Houthis again. Initial reports are that the vessel was not hit and that the crew
Red Sea crisis causes surge in vessel calls and congestion at African ports
NEW YORK : “The Red Sea crisis is highlighting the wide gap in efficiency between ports in Africa and other world regions, despite heavy investment in port infrastructure
Volta Shipping appoints new commercial head
DUBAI : United Arab Emirates-based shipping company Volta Shipping has announced the appointment of Sankhoj Das as the Head of its Commercial team. With a background in leading