July 21, 2021
May 6, 2026
July 21, 2021
Does location matter anymore?
For centuries the great port cities analysed in the recent Xinhua-Baltic International Shipping Centre Development Index report were built on the confluence of trade, people and ideas. Centred around ships and the presence of their owners,
July 19, 2021
CMA CGM suspends bookings to Tunisian ports
MERSEILLES : CMA CGM has decided to stop accepting bookings for the ports of Tunis and Rades in Tunisia “with immediate effect and until further notice” due to the severe operation delays. The French
July 19, 2021
How Maersk dominates the global shipping industry
COPENHAGEN : With surging consumer demand, bottlenecks at ports and a shortage of containers, it’s a tumultuous time to be an ocean carrier. Maersk, the world’s largest container shipper, announced May 2021 first-quarter revenue
July 19, 2021
Qatar, India and Sri Lanka made X-Press Pearl disaster inevitable
THAILAND : Russian national newspaper Novaya Gazeta published a report, an investigation into X-Press Pearl fire and disaster, based on available documents and reports, and interviews with seamen involved in the disaster. Of 25 crew of
July 19, 2021
Seaspan completes upsized US$750 million offering of blue transition bonds
Canadian container ship owner and operator, Seaspan Corporation has successfully closed its previously announced issuance of US$750 million in senior unsecured notes, upsized from the original offering size of US$500 million. The Notes will
July 17, 2021
MSC and Shell start shipping decarbonisation partnership
GENEVA : Mediterranean Shipping Company (MSC) and Shell International Petroleum Company Limited (Shell) have announced a long-term collaboration over the decarbonisation in the global shipping sector. The long-term memorandum of understanding (MoU) will help
July 17, 2021
Japan’s First Containership Recognized for Its Historical Contribution to Maritime Transportation Efficiency
Hakone Maru, a container carrier formerly owned and operated by NYK, has been recognized by the Japan Society of Naval Architects and Ocean Engineers (JASNAOE) as “Japan’s first new container carrier that realized efficient
July 16, 2021
Breakbulk and heavylift charter rates hit all-time highs
Charter hire rates for multipurpose and heavylift vessels have surpassed the highs registered in 2008 to create new all-time records, latest data from Drewry shows. According to Drewry’s Multipurpose Time Charter Index, average annual
July 16, 2021