Yearly Archives: 2024
COSCO And MSC Respond To Red Sea Shipping Crisis By Adjusting Services
COSCO Shipping Lines, in response to Red Sea diversions, substitutes the 13,092 TEU COSCO Development with the 8,063 TEU OOCL Seoul.
OOCL Seoul...
Singapore Oil Sales Surge Amid Red Sea Shipping Crisis
Singapore experiences a 12% increase in fuel sales in January compared to the previous year, driven by disruptions in global shipping patterns, particularly...
Japan Unexpectedly Enters Recession, Cedes World’s Third-Largest Economy Title To Germany
Japan unexpectedly slipped into a recession at the close of 2023, relinquishing its position as the world's third-largest economy to Germany.
The recession,...
US Container Imports Surge In January: 15.6% YoY Growth From Major Asian Countries
In January 2024, the United States experienced a robust increase in container imports from ten major Asian countries, reaching 1.65 million TEUs, indicating...
Container Stack Collapses: New Study Examines Weather Impact And Industry Implications
A recent in-depth study delves into the influence of adverse weather on container stack collapses, revealing insights into the increasing risk associated with...
Lessons Learned: Failure Of Self-Righting Frame On Fast Rescue Craft (FRC)
IMCA provides lessons learned from an incident in which during a routine rescue drill the self-righting frame assembly fell off the FRC into...
Rescue Efforts Underway For Crew members After Cargo Ship Sinks
Rescue teams in north-west Turkiye are working to rescue the crew of a cargo ship that has sank in the Sea of Marmara.
...
Liner Shipping Group Sets Out GHG Pricing Proposal To IMO
The WSC is the latest organisation to put forward a GHG pricing proposal to the IMO.
The WSC unveiled the Green Balance Mechanism...
Shell Expects 50% Rise In Global LNG Demand By 2040
Global LNG demand to double by 2040.
China, Asian countries to lead growth.
Market remains tight, prices above historical average.
European long-term contracts...
Hong Kong Startup Develops Autonomous Ocean-Cleaning Bot
Clearbot’s latest fleet of floating cleaners will each be able to pick up 500kg of water-borne plastic and other rubbish – double the...