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.
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
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
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
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
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,
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
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
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.
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