US ‘blacklists’ world’s largest shipowner and shipyard group in swipe at China
SHANGHAI : China Cosco Shipping, the world’s biggest shipowner, has been targeted by the US government for its alleged links to China’s army. The move came as Beijing
Shipping rates surge in 2025 amid tariff hikes and strike concerns
LONDON : Spot container rates for shipping goods to the US from Asia have spiked over the past month as companies look to avoid higher tariffs and pad
Evolving trade routes dampen demand for Ultra Large Container Vessels
SINGAPORE : According to industry data, the demand for Ultra Large Container Vessels (ULCVs) has decreased as shipping companies shift to smaller, more versatile vessels to accommodate changing
Baltic index extends losses on lower capesize, supramax rates
LONDON : The Baltic Exchange’s dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, extended declines on Tuesday, hurt by falling rates across
Strategic Marine celebrates Signing and Delivery of First Surface Effect Ship (SES) to AES
SINGAPORE : Strategic Marine is proud to announce the signing and delivery of its first Surface Effect Ship (SES) to All Energies Services (AES), a groundbreaking moment in
No short-term overcapacity for container lines
LONDON : According to Alphaliner’s analysis the container fleet increased by nearly 3 million teu last year, or by 10.6%, with some 59% of this new capacity deployed on
Egypt and China in big trouble as Israel want to build another Suez Canal
TEL AVIV : Amid the ongoing war in Gaza, Israel is preparing to create an alternative to the Suez Canal. It would be named Ben Gurion Canal. This
Cosco Shipping announces enhanced Trans-Atlantic Services
SHANGHAI : Cosco Shipping Lines has announced an upgrade to its Trans-Atlantic Service Suite. Effective February 2025 it will operate a comprehensive, and sophisticated four-loop Trans-Atlantic services between North
Impact of the new US Presidency on dry bulk commodities : Drewry
LONDON : Drewry expects volatility in trade to rise, impacting coal and grain trades when Donald Trump takes charge of the White House. Analysis of the trade tensions
20 months’ pay in year-end bonus for staff at Taiwan Shipping Giant Evergreen
TAIWAN : A Taiwanese company that is known for giving employees big bonuses has done it yet again. Shipping giant Evergreen announced on Dec 31 that its employees
