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December 22, 2023

Panama Canal drought could boost New Year rates

International Shipping, Trending News
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 that could see freight rates double.
December 22, 2023

ClassNK conducts third-party verification on GHG emissions and environmental data of Tsuneishi Holdings and its 28 group companies

International Shipping, Maritime, Trending News
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 social issues including climate change, accurate
December 21, 2023

Malaysia imposes docking ban on Israeli ships, vessels heading to the country

International Shipping, Foreign Ports, Maritime, Shipping Line, Trade, Trending News
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 from docking at Malaysia’s ports with
December 21, 2023

Red Sea attacks’ on ships potential impact on oil and gas shipping

International Shipping, Maritime, Tanker, Trade, Trending News
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 Houthi group on commercial ships at
December 21, 2023

Shippers have already diverted over $60 billion in cargo from the Red Sea amid fears of attacks

International Shipping, Export - Import, Logistics, Maritime, Shipping Line, Trade, Trending News
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 Yemen. Carriers are re-routing vessels as
December 20, 2023

Suez Canal Chief stated 55 ships rerouted amid Red Sea tensions

International Shipping, Trending News
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 the Red Sea. In a statement,
December 20, 2023

Harim takeover of debt-ridden HMM draws concerns

International Shipping, Shipping, Trending News
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 trillion won ($4.9 billion), industry sources
December 20, 2023

IMO : Secretary General statement on attacks against international shipping in the Red Sea area

Maritime, International Shipping, Trending News
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 protect seafarers, ships, and cargoes, which
December 20, 2023

Hijacked Bulk Carrier arrives off Somalia

Maritime, International Shipping, Trending News
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, maritime security sources said on Monday.
December 19, 2023

One million TEU expansion at APM Terminals Tangier MedPort operational

International Shipping, Container Terminal, Foreign Ports, Trending News
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 container stacks and an additional 400
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