President Confirms Release of Kidnapped Crew Members
Six Ukrainian seamen, previously taken hostage by pirates in Nigerian territorial waters, were released Saturday, according to a confirmation by Ukrainian President Vladimir Zelensky,...
Capacity Crunch Drives Breakbulk Revival
Container shipping’s capacity crunch has priced some agricultural and chemical commodities out of the market – in favour of breakbulk, says an article published...
Hapag-Lloyd At The Top End of Its Revised Earnings Forecast
Hapag-Lloyd’s preliminary results for 2020, of an ebit of $1.5bn, are at the top end of its revised earnings forecast, says an article published...
Kawasaki Heavy Industries Orders Battery-based Energy Storage System
Japan's Kawasaki Heavy Industries has ordered a Corvus Energy battery-based energy storage system (ESS).
The aim is to integrate it into the zero-emissions...
Maritime Organizations Push Governments To Ensure The Safety Of Seafarers
The COVID-19 pandemic has trapped hundreds of thousands of seafarers aboard cargo ships, unable to get off or switch crews due to fears of...
Wartsila’s Marine Businesses Heavily Hit, New Orders Declined
The impact of the Covid-19 pandemic and a slump in shipbuilding contracting resulted in Wartsila’s marine businesses.
As a result, there is a...
High Alert in Singapore Strait Eastbound Lane Over Attacks
In a major development, Re CAAP ISC issued an Incident Alert (01/2021) on incidents against ships in the eastbound lane of Singapore Strait The...
Carriers Resort To Blank Sailings As Equipment Shortage Ends
According to a LoadStar report by Mike Wackett, ocean carriers are to cancel several headhaul sailings to North Europe around the Chinese New Year...
Shippers Reek Benefits of Increased Vessel Value As Rates Soar
Containership owners have seen the value of their assets soar in the past few weeks, and they are said to be “raking in the...
China & India Dominate Global Vaccine Influence As Rich Nations Hoard
With mass vaccination campaigns against Covid-19 underway globally, there is an emerging gap between rich and poor nations in their abilities to secure enough...
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