Three months of the Red Sea crisis, US cyber fears over Chinese made port cranes, and the Magna Carta of the seafaring kind and much more in the latest Maritime in Minutes.
Container line CMA CGM has resumed transit of some vessels through the Red Sea on a case-by-case basis, despite continued Houthi attacks on shipping transiting the region.
Chinese feeder service provider China United Lines (CULines) is opening up a new service connecting South China-Southeast Asia.
Japan, China and Greece continue to dominate shipowning nations both in fleet size and fleet value according to Veson Nautical’s VesselsValues.
A feeder and short sea shipping operator has been launched in Saudi Arabia, headed by former Hamburg Sud boss, Poul Hestbaek.
Ocean Alliance has chosen a period of crisis and flux to emphasise the container lines’ commitment to stability and cooperation by announcing an extension to the grouping of five years, from 2027.
Yet another attack on commercial vessels in the Red Sea/Gulf of Aden region, this time on the US flagged chemical tanker Torm Thor, again emphasises the difficulty in protecting trading routes from missile and drone attacks.
In 2023 the Panama Canal’s revenues increased by 14.9% to $4.97 billion despite handling less cargo due to draught and transits restrictions caused by drought.