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March 27, 2021

Attempt to refloat megaship blocking Egypt’s Suez Canal fails

International Shipping, Trending News
An attempt to refloat a megaship blocking Egypt’s Suez Canal failed Friday, the vessel’s managers said, as the crisis forced companies to re-route services from the vital shipping lane around Africa The MV Ever
March 27, 2021

Ships turn toward Africa on concerns Suez blockage to last weeks

International Shipping, Trending News
ISMAILIA, Egypt (BLOOMBERG) – Ships are beginning costly and time-consuming detours around Africa with the Suez Canal still blocked by a massive container vessel, as concerns mount that a complex rescue mission could extend
March 26, 2021

Crew of ship stuck in Suez canal is Indian, all safe and accounted for, says management company

International Shipping, Trending News
The vessel, Ever Given, has been stuck in the canal since Tuesday and has affected global trade and severe losses. The giant cargo ship that has been stuck in Egypt’s Suez Canal since Tuesday is made
March 26, 2021

Suez Canal block could hit product supply chains. Here’s why?

International Shipping, Trending News
Efforts continued on Thursday to dislodge the EVER GIVEN container ship and restore traffic on the critical man-made waterway that connects the Mediterranean to the Red Sea and provides a shipping shortcut between Europe
March 25, 2021

HMM Takes Delivery of First 16,000 TEU Containership HMM Nuri

International Shipping, Trending News
SEOUL : HMM has announce that HMM Nuri, the first of eight 16,000 TEU-class newbuild containerships, starts its first voyage from the port of Busan in Korea. HMM’s 16,000 TEU container vessels have been
March 25, 2021

Container shipping’s orderbook-to-fleet ratio rockets up to 15%

International Shipping, Trending News
FRANCE : Container shipping’s orderbook-to-fleet ratio, which was in single percentage figures as recently as six months ago, is set to surpass 15% as shipping lines pile on the tonnage with Alphaliner suggesting IMO’s
March 25, 2021

ZIM Reports Financial Results for the Fourth Quarter and Full Year 2020

International Shipping, Trending News
HAIFA : ZIM Integrated Shipping Services Ltd. ,a global container liner shipping company, on Monday, 22nd March 2021 announced its consolidated results for the three and twelve months ended December 31, 2020. Fourth Quarter and Full
March 24, 2021

Supply bottlenecks leave container ships stranded

International Shipping, Trending News
NEW YORK : Due to the COVID-19 outbreak, a trade bottleneck has left US businesses in a perplexed situation as they await goods from Asia — while off the coast of California, dozens of
March 22, 2021

MOL to Move into Ocean Shipping of Liquefied CO2 Ocean Transport Business

International Shipping, Trending News
TOKYO : Mitsui O.S.K. Lines, Ltd., MOL, President & CEO Mr. Junichiro Ikeda recently announced that it has decided to invest in Norway-based Larvik Shipping AS, a ship management company for liquefied CO2 carriers, marking
March 20, 2021

Global Shipping Business Network officially incorporated in Hong Kong

International Shipping, Trending News
HONGKONG : Global Shipping Business Network (GSBN) has incorporated in Hong Kong after securing the requisite regulatory approvals across multiple jurisdictions, and has officially started its operations to help accelerate the Digital Transformation of the Shipping
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