New figures from the Shanghai Shipping Exchange show the world’s busiest container port handled 3.27 million teu in April, a year-on-year rise of 5%. Neighbouring Ningbo-Zhoushan took in more than 2 million containers in the same month, a year-on-year rise of nearly 17%.
South Korean shipbuilder DSME still insists on claiming exclusivity to what it labels as “partial reliquefaction technology” despite losing its patent battle to compatriot competitors.
Depressed scrap prices due to lower steel prices on the Indian subcontinent have compelled shipowners to demolish elderly vessels.
President Trump's directive to eliminate burdensome federal regulations is a significant undertaking for the US Coast Guard, which is struggling to balance government efficiency with maritime safety.
Global shipping could be targeted by piracy gangs using drones and cyber attacks, a leading insurance broker has warned.
The dockers, who had been due to start industrial action this week, have cancelled the strikes they were due to stage on 24, 26, 29, 31 May, and 2 June.
Broker Marsh wants ship and cargo owners to be more aware of emerging threats.
Vallianz records a net loss of USD158 million for the 15 months ended 31 March 2017 due to a USD215 million asset write-down.
Hyundai Merchant Marine has reportedly sold its Capesize bulk carrier amid rising asset prices.
Japan’s Kawasaki Heavy Industries is shedding more jobs following its decision to shift shipbuilding work to its joint-venture yard in China as it battles to survive amid a slowdown in global business.