What Has Led To Spike In Container Fleet?
A record 7.2m teu, or 14%, was added to the global container equipment fleet last year, taking it to 50.5m teu.
It is...
Cabotage Law Revision Increases Direct Loadings At Ports
Foreign container lines trading on Indian routes claim there is a significant sequential increase in direct port loadings.
It may be due to...
Tanker Ship Collision Spilled 9,400 Tons of Oil, Says Report
According to a government report, a tanker collision off China’s east coast last April leaked about 9,400 tons of oil into the Yellow Sea...
OPEC+ Lags Behind in Its Oil Output Quotas, Survey Says
Co-leaders Saudi Arabia, Russia pump below caps
OPEC+ compliance rises to record 120.8%
Venezuela plunges; Libya, Kazakhstan also fall
OPEC and its allies continue...
Top European Shippers Forecast Surge in Freight Rates
Two top European shippers warned freight costs were likely to remain high well into this year, offering no relief to customers including the world’s...
ICS Announces Maritime Decarbonization Summit
The board of the International Chamber of Shipping (ICS), has announced plans to mark its centenary and host a high-level summit to address the...
Erik Thun Orders Next-gen Dry Cargo Vessels
Swedish shipping company Erik Thun Group has ordered two new dry cargo vessels from Dutch shipyard Ferus Smit in an effort to replace some...
Legal Petition Demands Biden Govt. To Stop Unlawful Oil Drilling
Three hundred and ten environmental justice, climate, conservation, public health, indigenous, faith-based and community organizations sent an “emergency petition” this week to Debra Haaland,...
MOL Signs A MoU With PETRONAS To Study The Liquefied CO2
On February 7, 2022, MOL President & CEO Hashimoto and PETRONAS Executive Vice President & CEO, Upstream Adif Zulkifli participated in the MoU...
Amazon More Than Doubles Max Base Pay To $350k
An overall increase in total compensation intended to help recruit top talent and retain existing employees.
Amazon shares are down 15% from their...