April 15, 2024
March 18, 2026
April 15, 2024
Hijacked ship MV Abdullah released after $5 million ransom payment to Somali pirates
GULF OF ADEN : Somali pirates released a hijacked ship, MV Abdullah, early on Sunday after a $5 million ransom was paid, according to two pirates. “The money was brought to us two nights
April 15, 2024
The global shipping industry faces a “shadow of uncertainty”
BOSTON : Worldwide shipping industry faces a “shadow of uncertainty”, particularly with China’s economy teetering on the brink of instability. So says Veson Nautical, which delivers freight management solutions for the global shipping economy.
April 13, 2024
Carriers spot bargaining room for India-Middle East cargo as Red Sea gains fade
MUMBAI : India-Persian Gulf trades seem to be a glaring exception for container lines, as they are rapidly losing the pricing steam they have had from the Red Sea crisis on the larger trade
April 13, 2024
Maersk employees deliver fresh water from vessels to Ports
COPENHAGEN : Four billion people — almost two-thirds of the world’s population — experience severe water scarcity for at least one month each year, and half of the world’s population could be living in
April 13, 2024
Wan Hai Lines names two new boxships
TAIPEI : Taiwan’s container carrier Wan Hai Lines held ship naming ceremonies for its new container ships, Wan Hai 372 and Wan Hai 376. The two vessels are in the series of 3,055 TEU
April 13, 2024
OOCL’s revenues fall despite container volume uptick
SINGAPORE : In the first quarter of 2024, the total revenues of Orient Overseas Container Line (OOCL) decreased by 9% year-over-year to US$2 billion. At the same time, the carrier’s total liftings increased by
April 13, 2024
A new solution proposed for drought-stricken Panama Canal goes around it
PANAMA CITY : As droughts continue to deplete the Panama Canal’s water levels, the maritime trading hub’s operators are planning a workaround. On Wednesday, Panama officials announced a new Multimodal Dry Canal project that will begin
April 13, 2024
EU tanker import tonne mile demand up 12% as ships avoid Red Sea area : BIMCO
LONDON : “In 2023, sanctions on Russian oil exports by the EU caused a major shift in tanker trades and a 10% increase in average sailing distances for EU tanker imports. Now, attacks on
April 12, 2024