Korean Banks Should Provide Ship Leasing for This Reason
A South Korean lawmaker has called on the country’s banks to become more involved in the ship leasing business to help HMM build its fleet.
Choi In-ho, from the ruling Democratic Party of...
Freight Rates Decline After 17 Months of Surge
After over 17 months of a continuous surge, freight rates on select global routes have started moderating since early October.
It is due to an ease in traffic congestion and eventually container availability...
Chinese Surveillance Tech To be Expunged from US Retail Giants
Lorex and Ezviz removed from stores over links to human rights abuses
Home Depot also stopped selling Ezviz products
Walmart and Costco, which still stock Lorex and Ezviz technology, did not respond to...
Will Taiwan Be Unified With Mainland China?
Heightened tensions with Taiwan have focused attention on China, with many wondering where President Xi Jinping sees his country on the world stage, reports BBC.
China’s global rhetoric
China is now a global power, something scarcely...
“K” Line, NYK & Partners To Develop Ammonia-fueled Vessels
"K" Line, Nippon Yusen and partners join to develop ammonia-fueled vessels, reads a "K" Line news release.
Green Innovation Fund Project
Kawasaki Kisen Kaisha, Ltd. (“K” LINE), together with ITOCHU Corporation, NS United Kaiun Kaisha, Ltd.,...
COVID Shuts Down A City of 4 Million in China
China placed a city of four million under lockdown on Tuesday in a bid to stamp out a domestic coronavirus spike, with residents told not to leave home except in emergencies, reports News18.
Restrictions in...
Carrier Alliances ‘Mayhem’ Mount Amid Vessel Schedule Discrepancy
Shippers from Asia to North Europe are being given conflicting information on vessel ETAs by carriers in the same alliance, and for the same ship, reports gCaptain.
Discrepancy in vessel schedule
It seems decisions on port...
Battery-Powered Ships Decarbonize Cargo Shipping Industry
Marine shipping contributes 1 billion metric tons of carbon emissions each year.
The massive cargo ships of today aren’t able to fit at many of the ports around the world.
Fleetzero is attempting...
Michelin Joins IWSA To Unlock $1 Trillion In Fuel Savings
French tire manufacturer Michelin has joined the International Windship Association (IWSA).
The move is being announced in line with the company’s “all-sustainable” strategy.
The WISAMO project is Michelin’s contribution to enabling greener, softer...
A Picture To Brief The Risks To Security In The Supply Chain
TT Club, the insurance provider to the global freight industry remains dedicated to heightening awareness of the risks to security in the supply chain.
A total of seven animations simply and clearly illustrate...