Engineering Firm Fined $11m for Unfair Market Practices
Antitrust regulator has fined a French engineering company 12.5 billion won (US$11 million) for its unfair tie-in sales to South Korean shipbuilding clients.
...
66 Vessels, 5.7MT Coal, 1000 Seafarers Stranded by China Ban
The 5.7 million tons of coal is worth more than $500 million.
An estimated 1,000 seafarers are manning the bulk carriers.
A total...
CMA CGM Profitability Drives Up Amid Stronger Q3 Demand
CMA CGM has joined its liner peers in posting a huge profit for the third quarter of $567m.
Carryings on CMA CGM vessels...
Pacific International Lines Losses Double in 2020
Pacific International Lines (PIL) remains in the red, with a net loss that nearly doubled to US$120 million for the first half of...
PTE Ltd Orders Three New LPG Carriers For Construction
Petredec Holdings (Eastern) PTE Ltd has announced the signing of a contract for the construction of 3+3 × 93,000 cbm LPG carriers at Jiangnan...
Workshop on GPS Jamming & Spoofing in Maritime Environment
DOT, through the Office of the Assistant Secretary for Research and Technology (OST-R) and the Maritime Administration (MARAD), will host a workshop on Global...
Container Shortage Makes Carrier Prices Only Valid for a Week
Vessel Shortages expected through Lunar New Year
Freight rates doubled in major Asian routes.
Asian polymers hit by delays, price rises
Maersk's Taiwan-India...
Cargo Demand Rose As Maersk Rolls Out 1 in 3 Shipments
According to a Supply Chain Dive article written by Matt Leonard cargo rollovers have risen just in time for Maersk new rolls.
The rate...
CDC Asks People To Avoid All Types of Cruises
In a major development, CDC has recommended that all people avoid travel on cruise ships, including river cruises, worldwide, because the risk of COVID-19...
A Tribute To Diego Maradona
Diego Maradona has died at the age of 60 after suffering a heart attack - just two weeks after he was released from...