A stranded container ship blocking the Suez Canal threatens to make it even more difficult for European and U.S. retailers to keep products in stock during the coronavirus pandemic.The Suez Canal saga that began on Tuesday and could go on for weeks…
The Suez Canal Authority is considering discounts for vessels affected by the blockage caused by a stranded container ship, its chairman said on Sunday.Osama Rabie also told Al Arabiya TV that the canal was losing $13-14 million in revenue daily…
Efforts to dislodge a giant container ship blocking the Suez Canal have allowed its stern and rudder to move, but it remains unclear when the vessel will be refloated, the head of the canal authority said on Saturday.The 400 metre (430 yard)…
The pandemic led to a disruption of the global sectors that also included the ocean trade. International trade witnessed an extensive impact on operations, causing a sharp decline in trade activities worldwide. Only a few technology-driven service…
MM-SEAS is the reportedly the first software that automates the manual task of obtaining, tracking and renewing U.S. Coast Guard (USCG) credentials, helping to eliminate paperwork processing errors while delivering merchant mariner career guidance…
For most of 2020, the liquefied natural gas (LNG) shipping market was in a depressed state like many other segments of the global gas industry. LNG export cargoes fell by 0.2% y-o-y in 2020 to reach 5,682 shipments, driven by a slowdown in LNG demand amid the COVID-19 pandemic…
The Suez Canal, blocked by a giant container ship that ran aground on Tuesday, is the quickest sea route between Asia and Europe and about 15% of global shipping traffic moves through it.The 193-km (120-mile) waterway, run by the state-owned Suez Canal Authority…
Unite Nations organizations this week issued a joint call for the world's seafarers to be prioritized for COVID-19 vaccination, stressing their key role in supporting global trade.The heads of five UN organizations have called for maritime and…
Japan’s port of Tokyo will waive an entry fee from next month for ships powered by liquefied natural gas (LNG) and hydrogen, as well as LNG bunkering ships, in a bid to promote the use of cleaner marine fuels, authorities said on Friday.The exemption runs for five years from April 1…
A stuck container vessel in the Suez Canal, which has blocked the flow of goods through the narrow channel, will add strain to global supply chains already stretched by rebounding economic activity and tight shipping container supplies, analysts said on Friday…
Hamburger Lloyd is selling the two widebeam containerships, RHL Constantia (IMO-No. 9495765) and RHL Calliditas (IMO-No. 9495777), to Hapag-Lloyd AG. Hamburger Lloyd will remain responsible for the technical management and crewing of the two freighters…
A containership blocking the Suez Canal like a 'beached whale' may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a new setback for global trade.The 400-meter Ever Given, almost as long as the Empire State Building is high…
The ownership of dry bulk ships has changed hands at blistering speed in the first three months of 2021, says shipping organization BIMCO, pointing out that the course is now set for a record year in the bulk ship sale and purchase market.A total of 794 ships were bought and sold in 2020…
Balmoral Tanks, a wholly owned subsidiary of Aberdeen-based engineering and manufacturing business, Balmoral Group, announced two senior appointments: Gary Lockwood becomes the new operations director at Balmoral Tanks’ Llantrisant facility…
USTC has acquired 60% of CM Biomass, the world’s largest independent wood pellet trading company, a move designed to consolidate USTC as a global force in shipping and trade. USTC, which has a long history within commodity trade, shipping, and logistics…
