16.8 C
Hamburg
Tuesday, June 18, 2024
Home Sticky News

Sticky News

Oil spill in Singapore after dredger hits bunker tanker

Singapore's port authorities are racing to clear up a serious oil slick after a Van Oord dredger hit a bunker tanker near Pasir Panjang...

The Maritime Trade Ripple Effect Disrupting Global Economies

The following article was written by Matan Peled, Co-founder & Head of US Business at Windward. Decades-long tensions between the West and several rogue players...

Booming charter market driven by mid-sizes

The container market is on fire, according to Braemar which outlines the combination of geopolitical upheaval and market economics that is driving parts of...

Vestas chooses Maersk for turbine powertrain transport

Danish renewable energy company Vestas has launched a new project with its compatriot shipping giant Maersk. Vestas has awarded Maersk a contract for transporting...

Seafarer severely hurt in Houthi assault

A seafarer on a general cargo vessel was seriously injured after two Houthi missiles hit the ship on 13 June. The US Central Command (Centcom) said...

Port of Long Beach sees 8.2% cargo decline in May

Shifting trade routes and cancelled voyages resulted in a decline in cargo at the Port of Long Beach in May. Dockworkers and terminal operators handled...

Georgia Ports Authority handles over 490,000 TEUs in May

In May, the Georgia Ports Authority managed 490,330 TEUs, marking a 22% increase compared to the same month last year. This rise equates to...

Posidonia 2024 sets attendance record in 55-year history

Posidonia 2024 made history as the most attended event in its 55-year history. Organizers are already fielding inquiries and pre-registration for the next event...

US importers caught in a vicious circle as labor union strike threat raises fears of soaring freight rates and massive disruption at US East...

Threat of strike action at US East and Gulf Coast ports may see importers accelerate efforts to protect ocean supply chains in a vicious...

MABUX bunker indices surge

In Week 24, the MABUX global bunker indices experienced substantial growth across all segments. The 380 HSFO index increased by US$7.74 to US$544.49/MT. The VLSFO...

Asia-Europe spot rates could surpass US$20,000 per FFE

Spot rates have continued to soar this week, causing significant concern among shippers about how high these rates might climb. However, the reality is that...

Malaysia’s anti-graft body eyes containers for possible tax evasion

Malaysia Anti-Corruption Commission (MACC) is launching a large-scale investigation into non-declaration of containerized imports, and is targeting all states with container ports. MACC Chief Commissioner Tan Sri Azam...

Most Popular

CMA CGM updates Asia peak season surcharges

The French carrier, CMA CGM Group, has announced an updated Peak Season Surcharge effective from 20 June 2024, until further notice. The surcharge applies to...

U.S. container imports to surpass 2 million TEUs for next 7 months

The Global Port Tracker report, released jointly by the National Retail Federation (NRF) and Hackett Associates, forecasts that monthly inbound cargo volumes at U.S....

Pier owner seeks to arrest MSC boxship after near-miss

An arrest warrant has been issued against one of Mediterranean Shipping Company's ships, MSC Michigan VII, after Charleston port officials accused the vessel of...

Asia-Europe spot rates could surpass US$20,000 per FFE

Spot rates have continued to soar this week, causing significant concern among shippers about how high these rates might climb. However, the reality is that...

OOCL celebrates maiden voyage of two new mega vessels

Orient Overseas Container Line (OOCL) is celebrating the maiden voyage of its latest two 24,188 TEU mega vessels, "OOCL Finland" and "OOCL Sweden." With these...