South Korea’s POSCO Considers Strategic Entry into Shipping Through HMM Deal
POSCO is preparing to acquire a controlling stake in HMM, valued at around $5 billion, marking its re-entry into the shipping industry.
The...
Understanding Extended Dry-Docking Under MGN 672 (M): Guidance for UK Vessels
MCA has formalized the Extended Dry-Docking (EDD) scheme, allowing qualifying vessels to dry-dock once in 7.5 years instead of twice in 5 years.
...
Lessons Learned: Cargo Damage from Condensation During Fumigation Voyage
This incident summary, based on a report from the Swedish Club, describes cargo damage caused by condensation during a voyage from Mexico to Southern...
US Sanctions Nine Tankers Over Iranian Oil Shipments Through Iraq
The United States has imposed sanctions on nine tankers allegedly involved in disguising Iranian oil exports as Iraqi crude. According to S&P Global Commodities...
[Podcast] The Top 100 Container Ports: 2024’s Winners and Losers
Each year, Lloyd’s List publishes its influential Top 100 Container Ports ranking. The 2024 edition highlights how ports worldwide performed during a year marked...
Singapore And India Partner On Green And Digital Shipping Corridor
Singapore and India have signed a Memorandum of Understanding (MoU) to establish the Singapore-India Green and Digital Shipping Corridor (GDSC).
The agreement, witnessed by the...
UK’s Project FASTMOVE To Assess Ammonia As A Future Maritime Fuel
Ammonia’s potential as a zero-carbon marine fuel is set to be explored under Project FASTMOVE, a feasibility study led by Ricardo in partnership with...
CONTSHIPS Raises $75M Via Tap Issue To Strengthen Expansion Plans
CONTSHIPS Logistics, the world’s largest owner of feeder containerships in the 900–2,000 teu segment, has successfully raised $75 million through a tap issue of...
Second-Hand Container Ship Prices Rise Despite Weak Freight Market
In a surprising market development, the average price of five-year-old container ships has climbed 17% year-on-year, even as freight rates continue to fall sharply....
Federal Maritime Commission Investigating Flags of Convenience
The U.S. Federal Maritime Commission (FMC) has launched a non-adjudicatory investigation into the use of “flags of convenience” and other flag-state practices. The Commission...