Here Are Some Tips To Kick Start Your Business in 2022

The beginning of January is ripe with new possibilities. "New Year's resolution" season is the perfect time for companies to reassess their business visions and set concrete goals for the upcoming year, reports Forbes. Some...

[Watch] Record Profits for Shipping Industry

It's been a record year of profits for the shipping industry and earnings are expected to stay elevated well into 2022. But, economists are warning that persistently high prices for transportation and logistics globally...

What Is Geofencing and Why Are We Doing This?

A Gard news source by Teresa Marie Cunningham states that Geofencing – targeted and timely loss prevention advice to Members. Understanding Members’ trading patterns For the past several years, Gard has been using AIS data to...

No Side Effects? Did Your Covid Vaccine Really Work?

A reassuring new report shows even if you don't have side effects from your COVID-19 vaccine, it's likely still working to protect you, reports U.S. News. About the study  In the new study, researchers looked at...

China’s Total Natural Gas Imports Increased By 19.9% Year On Year

2021 LNG imports grew more than 18% December pipeline gas imports hit monthly record of 4 million mt US LNG imports saw biggest jump, rising 187.4% in 2021 A Platts news source says that...

Hafnia Keen To Acquire 12 Scorpio Tankers

  Singapore-based tanker owner and operator Hafnia is in advanced negotiations with Monaco-based counterpart Scorpio Tankers regarding the acquisition of 12 long-range 1 (LR1) tankers. Hafnia said it confirmed the information in response to...

Maersk Space Ban, Dark Future for Small Freight Forwarders

Thousands of small freight forwarders fear for their survival following Maersk’s decision to offer them only its Maersk Spot product. The loss of the vast majority of Maersk’s capacity has led to some...

ClassNK Issues AiP For Ammonia-Fueled GSC

The Planning and Design Center for Greener Ships has received an Approval in Principle (AiP) from the leading classification society ClassNK for the design of an ammonia-fueled Panamax bulk carrier (GSC) as reported by...

Price Fixing Puts 23 Shipping Companies In Trouble, $81M Fine

On 18 January 2022, the Fair Trade Commission (KFTC) said it has imposed a fine of KRW 96.2 billion (about $80.7 million) on Korean and foreign carriers along with corrective order. The companies...

Alibaba Under US National Security Investigation

The Biden administration is assessing if Alibaba's cloud business presents a threat to U.S. national security. Alibaba's cloud business in the U.S. has an annual revenue of about $50 million, a fraction of...