Despite Easing Spot Container Freight Rates, Serious Bottlenecks Remain
A recent Sea Trade Maritime News states that container freight contracts agreed at high levels despite spot rate easing.
Jeremy Nixon, CEO of Ocean Network Express (ONE)
Speaking about the market Jeremy Nixon, CEO of Ocean...
$22m Claim For Bulker Hit By Missile Off Ukraine?
A recent news article published in the Lloyds List reveals that Beazley handles $22m claim for bulker hit by missile off Ukraine.
Bangladesh Shipping vessel hit by a missile
Lloyd’s underwriter was leading war risk reinsurer...
Scuffle Between Russia And Ukraine Over Drifting Mines In Black Sea
Russia says mines floating in Black Sea
Ukraine says Russia is misleading shipping
Turkey issues alert for drifting mines
A recent news article published in the Reuters states that Russia says mines drifting in...
Shippers Wary Of Long-Term Contracts
The appetite for long-term contracts, much desired by shipping lines, has waned with the onset of war – while long-term relationships with forwarders and carriers are also suffering from deep mistrust by shippers, reports...
New Rocket Engine Could Reach 99% The Speed Of Light
When it comes to space, there's a problem with our human drive to go all the places and see all the things. But another human drive is finding solutions to big problems. And that's...
Which Country Survived Covid Better?
In 2019, the Global Health Security Index published a report ranking countries on their preparedness for pandemics. The US scored highest, followed by the UK. Two years later, both countries rank among those with...
How Does the Baltic Dry Index Influence Markets
The Baltic Dry Index is published daily. But for most investors who are not steeped in the logistics industry, it is one of those more obscure financial market indicators that only surfaces from...
Appeal Court Upholds Scrap-sale Jail Term for Vessel Owner
An Appeal Court in the Norwegian city of Bergen, has confirmed the prison sentence for Norwegian ship owner, for aiding and abetting the attempt to export the ship Tide Carrier (Eide Carrier and Harrier)...
Höegh Autoliners Fined $5.4m After Multi-year Antitrust Investigation
Höegh Autoliners is looking at contesting a fine dished out by Brazilian authorities in one of many car carrier cartel investigations that have been going on around the world, reports Splash247.
Fine for breach of...
MPC Container Ships Sold Shares Worth $80M
The largest shareholder in the Oslo-listed boxship owner, MPC Container Ships, has sold 27.5m shares for a total of NOK687.5m ($79.4m), says an article published in Splash247.
About Stakes
MPC Container Ships said in a filing...