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...

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...

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...

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...

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....

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...

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...

The delivery ceremony for the liquefied natural gas (LNG) dual-fuel very large crude carrier (VLCC), described by China Classification Society (CCS) as the world’s first, has been held today, 28 February, at Dalian Shipbuilding...

The Suez Canal Authority in Egypt announced Monday that starting next month, canal charges for laden and ballast vessels will be increased by up to 10% as reported by Splash 247. Growth in global trade  Justifying...

Summary  Omicron is ripping through cargo ships, raising concerns that a surge in cases, coupled with China’s tightened quarantine requirements for vessels, could delay supply chain stabilization for the shipping industry. Anglo-Eastern Univan Group,...