Global Trade Just Got More Expensive, Says Xeneta Chief
The Suez Canal Authority has released a new set of canal tolls on all vessels traveling both north and south. The increase for both full and empty vessels will be either 5%, 7% or...
IRClass Certifies 4 MOL Tankship’s Vessels
Indian Register of Shipping (IRClass) has completed the Condition Assessment Programme (CAP) certification of four vessels owned by MOL Tankship Management Singapore, reads the official website.
CAP certification issued
As disclosed, following the programme which is...
[Watch] Russian Invasion Enters Sixth Day!
The plodding Russian advance on the ground came while Ukraine's second-largest city, Kharkiv, was hit by intense shelling as Vladimir Putin's invasion of the neighboring nation entered its sixth day, reports CBS News
Huge Russian...
CDC Adds A New Highest-risk Destination For Travel
Vietnam was the only destination added to the US Centers for Disease Control and Prevention's highest-risk Level 4 category for travel on Monday, says an article published in CNN.
Very high risk
The "very high" risk...
VW Group Vehicles Worth $150 M On Burning Ship
After a burning ship carrying almost 4,000 VW Group vehicles caught fire last week, it now appears that hundreds of Porsche, Bentley, Audi, and some very rare Lamborghinis have been completely destroyed in the...
Maersk Halts All Container Shipping To Russia
Shipping group Maersk will temporarily halt all container shipping to and from Russia in response to Western sanctions on Moscow following its invasion of Ukraine, reports Reuters.
About the suspension
The move follows similar decisions by...
CMA CGM – DB Schenker Inks Biofuel Purchase Contract
DB Schenker and CMA CGM are moving towards decarbonising ocean freight by joining forces to offer green container transport, which immediately reduces the environmental footprint of maritime transport, says an article published in Offshore...
Transfar Pays $200,000 Per Day For Containership
Money is no object to the Singapore-registered, Alibaba-linked Transfar Shipping – getting box tonnage, whatever the costs are the priority in today’s tight container markets, says an article published in Splash 247.
About Transfar Shipping
Brokers...
GMS Week 8 – War Shocks!
Sub-continent markets remain firmly poised for another week, particularly in Bangladesh and a now resurgent India.
Oil / gas
Pakistan, as seems to be typical for the market there, has gone quiet over much of the...
Gibson Weekly Report – Banks Not Tanks
Yesterday’s sudden invasion of Ukraine will have major ramifications, not just for the energy markets, but also for the security of Europe. Broad sanctions have been enacted by the major economies of the world....