Freight rate indices are sending mixed messages but most of the latest indicators show a steady decline in rates as lines and shippers negotiate annual contracts on the transpacific.
US-based Advanced Polymer Coatings (APC) has signed a new contract to recoat the cargo tanks of two chemical tankers for Dubai based shipping group Gulf Navigation Holding.
Nearly a month after the collapse of the Key Bridge in Baltimore city, lawyers have fired back at Dali owners Grace Ocean and Synergy Marine, filing a lawsuit that claims the companies were negligent.
Pacific International Lines (PIL) has introduced two revamped weekly direct services, connecting key ports in China, Singapore, with Brazil, Argentina, and Uruguay.
As larger vessels ply Asia’s waters, authorities must reassess the strength of their infrastructure and use every tool in the chest, especially data, to build resilience.
Around 15% of normal traffic will be able access the Baltimore port with an additional channel as salvage works on the collapsed Key Bridge and stricken Dali continue.
The World Shipping Council (WSC)’s director, US government relations, Joe Kramek will take the role of president and CEO of the liner shipping NGO in July when the long-serving John Butler is due to retire.
At the end of March, the maritime world, along with the broader population, was captivated by the dramatic allision of the containership Dali with the Francis Scott Key Bridge, while it was moving outbound from Baltimore harbor.