‘One Orpheus’, a container ship crashes in Suez Canal
EGYPT : A container ship has crashed into a bridge in the Suez Canal, the vital trade route between Asia and Europe.The container ship One Orpheus lost control
MacGregor has received a significant order to supply comprehensive RoRo equipment to Höegh Autoline
HELSINKI : MacGregor, part of Cargotec, has been selected to supply comprehensive packages of RoRo equipment for an additional four multi-fuel and zero-carbon ready Aurora class Pure Car
Early movers crucial in closing $200 per container cost gap for zero emissions shipping in green cor
LONDON : A new report released on Wednesday at the margins of COP28, details the annualised total costs of zero emission container vessels and the cost difference on
ABB supplies world-first maritime megawatt charging system for Auckland Transport’s new electric f
ZURICH : ABB has secured a contract with Auckland Transport (AT) to deliver the maritime world’s first megawatt charging system (MCS) to recharge electric ferries using the same
ClassNK endorses MARIC’s lineup of alternative fueled vessels with AiPs
SHANGHAI : ClassNK has issued Approvals in Principle (AiPs) for four cutting-edge ship designs developed by Marine Design & Research Institute of China (MARIC). The four designs –
Maersk to deploy first large methanol-enabled vessel on Asia – Europe trade lane
COPENHAGEN : A.P. Moller – Maersk (Maersk) is about to launch the first of its 18 large methanol-enabled vessels currently on order. On 9 February 2024, it will
Indian cargo ship catches fire in Oman sea
OMAN : An Indian cargo ship caught fire in the sea near Oman, officials said on Wednesday. The ship, Ali Madad of Salaya, belonged to Siddiq Sanghar, a
CMA CGM increases FAK rates from Asia
MARSEILLE : CMA CGM has announced new Freight All Kinds (FAK) rates from Asia to North Europe, the Mediterranean and North Africa. The French carrier says its Asia
COSCO SHIPPING and bp signs strategic partnership agreement
SHANGHAI : Chinese shipping giant COSCO SHIPPING and British multinational oil and gas company bp signed a Memorandum of Understanding (MoU) for strategic cooperation in Shanghai on Tuesday,
Container freight rates fall to 2019 levels while costs remain high : BIMCO
LONDON : Liner operators continue to struggle with a worsening supply/demand balance, affecting freight rates. On average, the fleet has grown 5% and 19% compared with 2022 and