SM Line Increases Stake in HMM, Fueling Takeover Speculation
By Martina Li in Taiwan (The Loadstar) – SM Line has expanded its hold on HMM after buying more shares, leaving the market to wonder if the rival South
gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.
By Martina Li in Taiwan (The Loadstar) – SM Line has expanded its hold on HMM after buying more shares, leaving the market to wonder if the rival South
By Jonathan Spicer and Reade Levinson ISTANBUL, July 6 (Reuters) – Ukraine has asked Turkey to help investigate three Russian-flagged ships as
Global trade shows a slightly positive trend in June as North America sees some improvement, but there is “unusually long” congestion in the North
The U.S. Army Corps of Engineers has awarded a $1.068 billion contract to Kokosing Alberici Traylor (KAT) for Phase 3 of the Soo Locks upgrade project. The
Only two LNG-fueled ships were ordered in June as bottleneck pressure slowed orders, according to classification society DNV. June actually saw six vessels
Singapore-based shipping company Pacific International Lines (PIL Shipping) has placed an order for four dual-fuel LNG containerships at Yangzijiang
By Serene Cheong (Bloomberg) A handful of shipowners still willing to transport Russian crude are reaping big rewards on at least one route as others shun the
By Selcan Hacaoglu and Firat Kozok Jul 4, 2022 (Bloomberg) –Turkey has begun an investigation into the origin of grain aboard a Russian ship
By Kevin Varley Jul 4, 2022(Bloomberg) –Typhoon Chaba has upset shipping after passing through the Hong Kong area over the weekend, creating a blip
By Julian Lee Jul 4, 2022 (Bloomberg) –Russia’s seaborne crude exports in the seven days to July 1 rebounded from the previous week’s plunge,
ATHENS, July 2 (Reuters) – An Iranian-flagged tanker seized by Greece in April, part of whose cargo was confiscated by the United States, was being
The captain and chief mate of a bulk carrier have been fined after pleading guilty to steering the ship through a protected area of the Great Barrier Reef. The
Captain Brian A. McAllister, former chairman of U.S. East Coast tug operation McAllister Towing, passed away Wednesday at the age of 89, the company has
By Jonathan Saul LONDON, July 1 (Reuters) – In a new take on ancient technology, Cargill, one of the world’s biggest charterers of ships, is to
By Jonathan Saul and Jonathan Spicer LONDON/ISTANBUL, July 1 (Reuters) – Ukraine has requested that Turkey detain and arrest the
PARIS, June 30 (Reuters) – Shipping line CMA CGM and energy group Engie plan to launch biomethane production in France in 2026 as they look to
Container shipping’s pandemic-fueled boom cycle has undoubtedly taken a turn in recent months, but lingering congestion is likely to prevent a swift
By Mike Wackett (The Loadstar) – Ocean carriers are resorting to more aggressive blanking strategies to manage a dip in demand, according to the
By Augusta Saraiva (Bloomberg) — A labor contract for 22,000 US West Coast dockworkers is on the verge of expiring, opening the door to strikes,
Container shipping companies and international customs authorities met earlier this month to discuss ways to step up the fight against drug trafficking by sea
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