Chinese oil demand likely to underpin tanker market in medium-term
Following a sharp downturn in tanker contracting that saw the orderbook plunge to new lows before tanker owners started placing new contracts…
HMM targets fast growing China – Mexico trade with new service
The Far East – Latin America Express (FLX) launched in cooperation with Ocean Network Express (ONE) will serve the ports of Busan…
Cosco Shipping Ports Abu Dhabi terminal surpasses 5 million teu mark
The terminal at Khalifa Port offers over 20 international services connecting to 60 ports and the six additional routes this year have…
Russian Navy Vessel Spotted at New “Base” in Abkhazia
The Russian-backed government of Abkhazia, Georgia appears to have just hosted its first Russian Navy vessel, according to satellite imagery released by…
CMA CGM Vessel Loses 44 Containers Overboard in South African Storms
Heavy seas and strong winds are continuing to batter shipping along the South African coast and the massive containerships on route to…
Iran Releases Chevron-Chartered Tanker Held for 15 Months After Taking Oil
Tracking services and the AIS signal from the Marshall Island-flagged tanker Advantage Sweet show the vessel underway and bound for Khor Fakkan in the…
Ukraine Seizes Cargo Ship, Detains Captain for Looting Grain from Crimea
Ukraine reports it has seized a Turkish-owned cargo ship and is detaining its captain on charges that the vessel was used by…
Tanker Crew Rescues Missing Swimmer Who Drifted for 36 Hours
In an astonishing tale of survival, a young beachgoer who was swept off by a current survived for 36 hours until she…
FMC Defers Approval of Maersk-Hapag Cooperation for Competitive Review
The U.S. Federal Maritime Commission on Friday, July 12, reported that it is deferring its review and approval of the proposed Gemini…