Records tumble for listed liners
SINGAPORE : Listed global carriers recorded a combined $16.2bn in operating profits in the first quarter this year, with seven of the 10 carriers recording EBIT of over
Shipping has a new association, the M7
LONDON : Leaders of many of the world’s largest economies have descended upon Cornwall in southwest England this week for the annual G7 summit. Inspired by the gathering,
Shipping industry agrees action on R&D investment and trade digitisation
LONDON : As world leaders meet in Cornwall, England, for the G7, the first ever meeting of the equivalent maritime bodies, titled M7, took place on Wednesday this
Pandemic turns ‘Iron Silk Road’ into China-Europe trade artery
A freight train bound for Duisburg, Germany, departs from Wuhan, China. More companies are looking to use the China Express Railway to ship goods from China to Europe TOKYO
Protestors claim to have blocked ZIM ship from docking in Oakland
CALIFORNIA : Pro-Palestinian protestors, led by the San Francisco-based Arab Resource & Organizing Center (Aroc), have claimed victory in turning a ZIM ship away from the Port of
Container ships drive 119% jump in total new orders in first five months of 2021
COPENHAGEN : Total orders of dry bulk, tanker and container ships in the first five months of the year have jumped 119.7% compared with the same period in
Container Prices Surge In Europe As Carriers Favour Loading Empties
LONDON : For European exporters looking to source shipping containers, existing shortages could deteriorate significantly in the coming weeks, according to the latest data from Container xChange, the
Autonomous Ships: Regulatory Scoping Exercise Completed
LONDON : The Maritime Safety Committee (MSC) of the International Maritime Organization (IMO), at its 103rd session in May 2021, has completed a regulatory scoping exercise to analyze
Suez Canal Authority Open to Negotiation on Ever Given
CAIRO : The Suez Canal Authority (SCA) said on Tuesday it was still open to negotiating with the owners of a giant container ship which blocked traffic in
Explosion rocks X-Press Pearl, all crew evacuated as Sri Lanka prepares for the worst
COLOMBO : The situation on the X-Press Pearl deteriorated dramatically . The three-month old, 2,700 Teu ship, carrying 25 tons of nitric acid, caught fire on last Thursday off Colombo Port