AI imagines what the world’s most famous artists would have made of container shipping
The year 1956 is widely considered the moment when container shipping was born. On April 26 that year, American trucking entrepreneur Malcom McLean put 58 trailer vans aboard a refitted tanker ship, the SS Ideal...
Number of ships waiting for Panama transit slashed in half
The queue of ships waiting at both ends of the Panama Canal stands at just half the historical average since the waterway expanded back in 2016, highlighting the dramatic shift in seaborne trades in...
Exclusive data reveals Suez diversions by shipping segment
A US-listed bulk carrier was hit yesterday by the Houthis in the Gulf of Aden with the American military replying in kind, as the full scale of shipping’s Red Sea exodus becomes more clear.
Yesterday...
QatarEnergy linked to $2.4 billion deal for 8 Q-Max LNG carriers, set to be...
New Delhi, January 13, 2024: Valued at over $2.4 billion, these cutting-edge vessels, part of QatarEnergy’s “Hundred Ships Program,” are set to be delivered between 2028 and 2029.
The deal, reportedly finalized last month, follows...
Naval assets – including from Iran – build up in the Red Sea
More nations – including Denmark, Pakistan and Sri Lanka – are sending naval assets towards the Middle East as pressure grows on the Houthis to rein in their attacks on merchant shipping in the...
Port of Tanjung Pelepas names new chief executive
Port of Tanjung Pelepas (PTP), Malaysia’s busiest transshipment hub, has appointed Mark Hardiman as its new chief executive officer.
Hardiman, a former CEO at Port of Salalah in Oman, takes over from Marco Neelsen, who...
Mercy Ships doubles down efforts to bring surgical care and training to sub-Saharan Africa...
DAKAR, Senegal, january 02, 2024 : More volunteers than ever are needed to devote their time to international charity Mercy Ships (www.MercyShips.Africa) as it prepares to start 2024 with two hospital ships in service as the...
Performance Shipping locks away aframax on two-year charter
Nasdaq-listed Greek tanker owner Performance Shipping has fixed its 2013-built aframax P. Long Beach to Marathon Maritime Company, a subsidiary of Marathon Petroleum.
The deal will see the 105,408 dwt ship earn $37,200 per day for about...
Seacon books four more multipurpose newbuilds
Chinese shipowner and operator Seacon Shipping has ordered four more 62,000 dwt multipurpose dry cargo vessels at Huanghai Shipbuilding in a deal with China Merchants leasing arm.
The Hong Kong-listed company has agreed with subsidiaries...
Harim Group selected to take over HMM
Harim Group, along with a local private equity partner, has been selected by state creditors as the winning party to take a majority stake in South Korea’s flagship carrier, HMM.
The two government institutions –...
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