General Average and Salvage security is yet to be posted on one third of the undamaged containers onboard the Yantian Express which suffered a cargo fire on 3 January.
Orient Overseas (International) Limited (OOIL) has sold its Long Beach Container Terminal (LBCT) for $1.78bn to a consortium led by Macquarie Infrastructure Partners (MIP).
Cosco Shipping Holdings is to sell the Overseas Orient International Ltd's (OOIL) Long Beach Terminal business to satisfy the requirments of the Committee on Foreign Investment in the United States (CFIUS) in its takeover of the Hong Kong-based...
There are new security recommendations for shipowners transiting the southern part of the Red Sea and Bab al-Mandeb as threats from the conflict in Yemen spill over into the busy commercial shipping lane.
Intercargo has expressed deep concern over the latest piracy attack off Nigeria in which 10 seafarers were kidnapped from a bulk carrier on 14 December.
