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MSC in discussions with UAE FTA over MSC Joanna legal action

Swiss-based liner operator MSC has said it is in talks with the United Arab Emirates’ (UAE) Federal Transport Authority (FTA) following the arrest of...

MABUX bunker index – 18 March

Veritas Pertoleum Services (VPS) has issued 15 bunker alerts since the sulphur cap was introduced on 1 January this year, surprisingly of those alerts...

Yangzijiang confirms Tiger Group’s order for 14,000TEU ships

Yangzijiang Shipbuilding has confirmed a much talked-about order from Tiger Group Investments for up to ten 14,000TEU container ships. China's largest non-state-owned shipbuilder said in...

Lines challenge Aussie port restrictions

Shipping Australia has criticised port authorities imposing a 14-day ban on vessels calling at Aussie ports, to protect against Covid-19, saying the ban puts...

Distancing emphasised between Heung-A Line and troubled former parent

The Korea Shipowners’ Association has issued a statement to reassure the market that Heung-A Shipping’s debt restructuring has nothing to do with the liner...

Two trillion-dollar cost for Coronavirus says UNCTAD

China’s National Bureau of statistics reported a 13.5% year-on-year decline in industrial output in the first two months of 2020, the most substantial contraction...

MABUX bunker index – 17 March

Oil prices have fallen into the high US$20/bbl range, around US$220/tonne, and in some regions the spread has increased, mainly because the price of...

Government pays to refloat troubled domestic carrier Antong

Antong Holdings, parent company of Chinese domestic operator Quanzhou Ansheng Shipping, will receive around US$8.4 million in government subsidies, after disclosing estimated losses of...

Miscarriage of HFO lands MSC vessel in hot water

The United Arab Emirates’ (UAE) Federal Transport Authority (FTA) has said it has forbidden the MSC Joanna to enter its ports for a year...

Maersk launches cargo insurance in Spain

Danish liner operator Maersk Line has begun to roll out its new line in cargo insurance, offered in collaboration with Zurich Insurance Plc (Zurich)...

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