There is fear among the families of 25 Indian crew on the container vessel Ever Given that their breadwinners may be stuck in Egypt for some time, as wrangling continues over a $1bn compensation demand by the Suez Canal Authority (SCA).

Two major casualties in the last year – the Ever Given and the Wakashio - have once again brought shipping to the world’s attention for the wrong reasons.

Maritime Lawyer Christopher B. Kende examines the insurance considerations of the Ever Given blocking the Suez Canal at the end of March.

Former NOL/APL CEO Lars Kastrup and Heliconia Capital Management director Gan Chee Yen, have been appointed to top management positions at Pacific International Lines (PIL) following its rescue by the Temasek Holdings unit.

The total assets of ship leasing business of China Development Bank Leasing amounted to RMB34.18bn ($5.26bn) in 2020, hitting a record high.

International Seaways (INSW) and Diamond S Shipping are to merge in an all stock deal to create the second largest listed tanker company in the US.

Pacific International Lines (PIL) has completed its restructuring with a $600m investment into the Singapore container line which hit severe financial troubles early last year.

Stricken containership Ever Given’s size means salvors will need to work with ballast and cargo left onboard, according to a local consultant.

The liner sector has ridden high on Asia’s recovery post-pandemic but now risks being pulled up by its own overzealousness, writes Jim Hanscom.

IDB Invest, a multilateral development bank and member of the IDB Group, has structured a $128.3m financing package to support investment in a floating storage and regasification unit (FSRU) to be installed in El Salvador by Invenergy, a US global...