Attacks on vessels in the Red Sea by Iran-aligned Houthi militants have disrupted a shipping route vital to east-west trade, with prolonged rerouting of shipments pushing freight rates higher and causing congestion in Asian and European ports. Below are some actions and comments by major shipping companies and freight forwarders, in alphabetical order:CMA CGMThe French shipping group suspended most Red Sea voyages…
Shanghai halted transportation links, recalled ships and shut tourism spots including Shanghai Disney Resort on Sunday as it braced for Typhoon Bebinca, in what could be the strongest tropical cyclone to hit the Chinese financial hub since 1949…
India continued to be a net importer of steel during the first four months of the current fiscal year beginning April, with China as its biggest supplier of the alloy, according to provisional government data seen by Reuters.India imported 2…
NYK recently welcomed 33 elementary-school-aged students to Harmony Leader, an NYK-operated pure car & truck carrier (PCTC), as part of the city of Kawasaki's Marine Month.The students boarded Harmony Leader and toured the cargo holds, living quarters…
The IMO has launched a new toolkit that will help the global maritime industry respond better to ever-evolving insider threats.Insider threat refers to the risk that arises from a maritime employee carrying out or enabling a security incident…
The number of LNG tankers waiting to load at Freeport LNG in Texas has increased since the U.S. second largest exporter of the supercooled gas halted processing ahead of Hurricane Beryl's landfall last week, according to shipping data on Thursday…
CMA CGM and Google announced a partnership to accelerate the integration of artificial intelligence (AI) across CMA CGM's operations globally.“By combining CMA CGM’s deep expertise in shipping and logistics with Google's AI tools and secure…
Nordic Fender has entered a strategic partnership with SkyLab IoT for the development and expansion of smart fender and buoy solutions that provide real-time data worldwide.Nordic Fender products can now benefit from live monitoring of critical parameters such as air pressure…
Port of Brownsville, along the U.S.-Mexico border, said on Wednesday that it would limit ship traffic due to gale force winds from Hurricane Beryl, a Category 4 hurricane heading for the Gulf.Only vessels that will be able to finish and sail…
Speaking at this year’s Drycon conference in Mumbai, Captain Pappu Sastry, CEO of Adhira Shipping and Logistics (ASL), said that Africa’s mining sector is entering a golden age where opportunities are open to investors, shipping lines and logistics companies…
The International Chamber of Shipping (ICS) and the Chamber of Marine Commerce, Canada (CMC), convened over 120 industry leaders from 90 organisations and nearly 30 different countries to the Shaping the Future of Shipping Summit on Thursday 13 June…
The first voyages of the Blue Visby Prototype Trials took place in March/April 2024 with the bulk carriers Gerdt Oldendorff and the Begonia, which, under voyage charter to Blue Visby Consortium member CBH Group, performed ballast voyages to CBH Group’s Kwinana Grain Terminal…
CB&I, a wholly owned subsidiary of McDermott, has been awarded a significant contract by TotalEnergies and OQ joint venture for the engineering, procurement, construction (EPC) of a full containment concrete liquefied natural gas (LNG) storage tank…
The White House has nominated Matt Kaplan to serve as the first federal co-chair of the Great Lakes Authority (GLA).The GLA was authorized by Congress in 2022 and will be governed by a nine-member board, with one member appointed by the President…
Since the European Union sanctioned Russian oil exports in 2022, crude oil and dirty and clean petroleum products (CPP) have found new buyers. “India and China have taken most of the crude oil and dirty products while Turkey and Brazil have emerged as the main buyers of CPP…
