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November 22, 2024

HMM welcomes LNG-powered 7,700 TEU boxship duo for long-term charter

LNG, International Shipping, Ship Building, Trending News
SEOUL : The two ships named HMM Ocean and HMM Sky were built by HJ Shipbuilding & Construction (HJSC) in South Korea under the shipbuilding order placed by Navios in 2022. Upon delivery, the vessels will
November 22, 2024

US concerns about the $3.6 billion Chinese-funded Chancay Port Project in Peru

International Shipping, Trending News
PERU : Chinese President Xi Jinping inaugurated Peru’s Chancay Port on Thursday (November 14), describing it as the starting point for a “new land-sea corridor between China and Latin America”. Funded under China’s Belt
November 22, 2024

Deputy Ministry of Shipping, Cyprus announces for re-election to the Council of the International Maritime Organization

International Shipping, Maritime, Trade, Trending News
LONDON : The Deputy Minister of Shipping of the Republic of Cyprus, Ms Marina Hadjimanolis, announced the candidacy of the Republic of Cyprus for re-election to the Council of the International Maritime Organization (IMO)
November 22, 2024

IMO Gender Equality Award to go to maritime entrepreneur Karin Orsel

International Shipping, Maritime
LONDON : Celebrated maritime entrepreneur is a long-time advocate for diversity and inclusion in the shipping industry. Ms. Karin Orsel, co-founder and CEO of the MF Shipping Group based in the Kingdom of the
November 22, 2024

BDI still down 10% despite recovery in capesize demand : BIMCO

International Shipping, Shipping Line, Trade, Trending News
LONDON : “The Baltic Dry Index (BDI) has recovered since the start of November due to stronger capesize freight rates, but the index is still down 10% y/y. The capesize market has benefited from
November 22, 2024

Maritime Industry’s Green Future: KR’s latest Magazine reveals Key Decarbonization Insights

International Shipping, Maritime, Shipping Line, Trending News
BUSAN : KR (Korean Register) has released insightful analysis of Carbon Intensity Indicator (CII) ratings across its fleet in the fall edition of KR Decarbonization Magazine, offering crucial insights for maritime companies navigating the
November 21, 2024

The Network of the Future: Maersk updates on the UK port of call

International Shipping, Shipping Line, Trending News
COPENHAGEN : Last month, Maersk reached out with an update on the Gemini Cooperation and the Network of the Future to confirm that they expect to phase in the Cape of Good Hope network
November 21, 2024

China inaugurates massive $1.3 billion deep-water Port in Peru to boost trade

International Shipping, Foreign Ports, Trending News
PERU : The President of China, Xi Jinping, inaugurated the Chancay port in Peru on November 14, 2024. The massive $1.3 billion deep-water port, built as part of China’s Belt and Road Initiative, is
November 21, 2024

ZIM reports financial results for the third quarter of 2024; raises full year 2024 guidance

International Shipping, Shipping Line, Trade, Trending News
HAIFA : ZIM Integrated Shipping Services Ltd. a global container liner shipping company, announced its consolidated results for the three and nine months ended September 30, 2024. Third Quarter 2024 Highlights • Net income
November 21, 2024

Strategic Marine, Mirai Ships Inc., and Ragnar Energy Solutions sign MoU to Advance Shipbuilding Collaboration

International Shipping, Maritime, Ship Building, Trending News
SINGAPORE : Strategic Marine Pte Ltd (“Strategic”), Mirai Ships Inc. (“Mirai”), and Ragnar Energy Solutions Pte Ltd (“RES”) are pleased to announce the signing of a Memorandum of Understanding (MOU) to establish a framework for exclusive newbuild collaborations, marking
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