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Klaveness Combination Carriers Reports Record-Breaking Q2 Performance
Klaveness Combination Carriers (KCC) has reported another successful quarter, driven by efficient trading within the CABU fleet and a strong product tanker market. The...
[Watch] Dozens Die as Cargo Jet Crashes into Homes
A Turkish cargo plane flying from Hong Kong has crashed into a village in Kyrgyzstan, killing all four crew and at least 33 people...
UGS Annual Report 2023-2024
The Union of Greek Shipowners (UGS) published today its Annual Report for 2023-2024, which highlights the international, European and national perspective of Greek shipping’s...
Wilhelmsen Ship Management Names New CEO
Wilhelmsen Ship Management announced the retirement of Carl Schou after 19 years of service, including 16 years as CEO.
Under his leadership, the...
[Watch] China-South Korea Cargo Commute Resumes After 3-year Hiatus
International cargo and passenger shipping from east China's Shandong Province to South Korea resumed on Friday following nearly 1,300 days of hiatus due to...
Evergrande Suspended After Stocks Fall, Oil Prices Sky-High
Technology companies led a broad slide for stocks on Wall Street, as rising bond yields and energy prices stoked investors' concerns about higher inflation,...
Bintulu LNG Outage Forces Relets, Triggering Significant Decline in Asia-Pacific Freight
Global LNG freight rates experienced a significant drop on April 16th. Sources with direct knowledge of the situation reported that at least three of...
Indian Navy Rescues Oil Tanker From Houthi Rebels In The Red Sea
An Indian Navy ship has assisted a Panama-flagged oil tanker that had come under attack from Houthi militants.
A total of 30 crew...
Nobel Prize Ceremony Scaled Back Amid COVID Uncertainty
The Nobel Foundation said in a statement on Thursday that prizewinners would receive awards in their home countries rather than attend a banquet in...
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Ferry Operator Giants Ink Historic Agreement For Fossil-free Ferries By 2030
Stena Line, Frederikshavn Municipality, and the Port of Frederikshavn have signed a historic agreement in which the parties commit to take their share...
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Wan Hai Finalizes 13,100 TEU Series, Expands Green Ship Orders Through...
Wan Hai Lines has completed its 13,100 TEU containership series, with the final vessel, WAN HAI A20, now delivered.
The newbuilds feature fuel-saving...
Chinese Vessel ‘Damages Undersea Cables Near Taiwan’
Taiwan has accused a Chinese-owned cargo vessel of severing a critical international submarine cable near Keelung on January 3.
The damaged cable, connected...
International Banking Community Contemplates Digital Currency
A recent survey among 66 central banks by the Bank for International Settlements shows that more than 80% are working on central bank...
