Panama Canal drought could boost New Year rates
PANAMA : Drought in Panama and war around the Red Sea and Suez is a slow-burning but developing crisis for the container shipping industry as both canals become choke points
ClassNK conducts third-party verification on GHG emissions and environmental data of Tsuneishi Holdi
TOKYO : ClassNK has verified the measurement reports of GHG emissions and environmental data of Tsuneishi Holdings Corporation and 28 group companies and issued verification statements. To address
Malaysia imposes docking ban on Israeli ships, vessels heading to the country
PETALING JAYA : Ships from an Israeli cargo shipping company, as well as those en route to the country or those hoisting the country’s flag, will be restricted
Red Sea attacks’ on ships potential impact on oil and gas shipping
LONDON : Several shipping companies and a few liquefied natural gas (LNG) tankers have decided to avoid the world’s main East-West trade route, following attacks launched by Yemen’s
Shippers have already diverted over $60 billion in cargo from the Red Sea amid fears of attacks
NEW JERSEY : Shippers have diverted about $65 billion worth of cargo away from the Red Sea as they face the threat of attacks from Houthi militants in
Suez Canal Chief stated 55 ships rerouted amid Red Sea tensions
EGYPT : The Suez Canal Authority (SCA) said Sunday that 55 ships have rerouted via the Cape of Good Hope since Nov. 19 amid attacks on ships in
Harim takeover of debt-ridden HMM draws concerns
SEOUL : Harim Group’s consortium was named as the preferred bidder for debt-ridden container ship company HMM, leaving concerns about how it would fund the acquisition worth 6.4
IMO : Secretary General statement on attacks against international shipping in the Red Sea area
LONDON : IMO Secretary-General Kitack Lim said :”I condemn attacks against international shipping in the Red Sea area and I reiterate the strong commitment of the IMO to
Hijacked Bulk Carrier arrives off Somalia
LONDON : A commercial vessel hijacked by unknown assailants remains off the coast of Somalia raising fears of further instability for global shipping as attacks escalate in the Red Sea,
One million TEU expansion at APM Terminals Tangier MedPort operational
MOROCCO : An expansion of more than a million TEU (Phase 2) was delivered at APM Terminals Tangier MedPort, Morocco. The expansion covers 18 Hectares, with seven additional