[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....

Dong-A Tanker Has Exited Dry Bulk Market

In the Capesize sector, South Korea’s Dong-A Tanker has sold three sister ships – Dong-A Eos, Dong-A Astrea, and Dong-A Oknos to Greece’s Minerva Marine for an en bloc price of $81m, says an...

How Can Retired Cruise Ships Be Repurposed?

A Washington-based architecture firm is looking into the possibility of repurposing cruise ships. The ships could be transformed into affordable housing, architect Abe Desooky told Insider. The cruise industry has encountered plenty of difficulties...