Container Spot Rates Plummet as Asia-Europe Trades Witness Double-Digit Declines
By Gavin van Marle (The Loadstar) – The steady decline of container spot freight rates between Asia and Europe turned decidedly steeper this week, with
gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.
By Gavin van Marle (The Loadstar) – The steady decline of container spot freight rates between Asia and Europe turned decidedly steeper this week, with
California’s legislature has approved Assembly Bill 1122, a significant step towards improving mariner safety and port operations stability on the
BENGHAZI, Sept 5 (Reuters) – Libyan oil exports remained largely halted on Thursday, shipping data showed, but some tankers were being allowed to
By Malte Humpert (gCaptain) – Just days after sanctioning seven LNG carriers associated with Russia’s flagship liquefied gas project, Arctic LNG 2, the
TELDE, Sept 5 (Reuters) – An oil spill off the Spanish island of Gran Canaria forced local authorities to close several beaches in the popular holiday
Shipping giant Maersk, the world’s second-largest liner operator, says it will continue to avoid trade routes through the Red Sea until safety of its
Mediterranean Shipping Company (MSC) has maintained its dominant position in the container shipping industry through an unprecedented buying spree of
COSCO SHIPPING Development, a subsidiary of China state-owned COSCO Group, has announced a landmark agreement for the investment, construction, and leasing of
The container shipping industry reported a significant profit increase in the second quarter of 2024. According to John McCown’s quarterly report on
Classification society DNV has awarded Wallenius Wilhelmsen its first biofuel insetting verification statement in recognition of the company’s use of
SINGAPORE, Sept 4 (Reuters) – Singapore will allow for night movement of line-towed container barges to and from Pasir Panjang Terminal, following a
Norwegian authorities have successfully managed a potential maritime crisis involving the cargo ship RUBY, which sought emergency port in Tromsø harbor due to
(Bloomberg) — Global merchandise trade is recovering from last year’s slump, the World Trade Organization said, as one of its barometers for activity
By Malte Humpert (gCaptain) – Hong Kong-flagged and owned container ship NewNew Star has become the largest non-ice class box ship to travel across the
The U.S. Government Accountability Office (GAO) has released a new report highlighting significant challenges faced by the U.S. Coast Guard in its Arctic
The historic ocean liner SS United States is facing a critical juncture as a September 12 deadline looms for its removal from its current berth in
An MSC ship has lost dozens of containers overboard after encountering severe winter weather off the coast of South Africa, marking the third such incident in
A Malta-registered cargo ship named Ruby has sought emergency port in Tromsø harbor, Norway, due to hull damage after a grounding. The vessel,
North America’s liquefied natural gas (LNG) export capacity is projected to more than double between 2024 and 2028, contingent on the timely completion
The salvage operation for the oil tanker MT Sounion is facing a setback as private companies involved in the rescue efforts have determined that conditions are
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