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International Maritime
Chile Becomes 1st Country To Ratify High Seas Treaty
Chile has become the first country in the world to ratify the UN High Seas Treaty otherwise known as an ocean conservation agreement.
Recall that about 84 countries have signed the treaty marking their commitment to ratify the treaty.…
China Cements Position As World’s Top Ship Building Nation In 2023
People Republic of China has been won the world’s largest shipbuilding nation in 2023 across all three measures of output, new shipbuilding contracts and orders-on-hand.
It has also achieved double-digit growth across all three in 2023.…
SEA PIRATES:Nineteen Crew Aboard Hijacked St Nikolas Are Safe, Says Ship Owners
Empire Navigation owners of the 158,500dwt Suezmax tanker St Nikolas has confirmed that nineteen crew members taken hostage after the hijacking of their ship in the Strait of Hormuz on 11 January are all safe,
The owners said that the…
RED SEA PASSAGE: ICS, Shipping Council Canvass Urgent Action Over Militia Attacks On Vessels
As Houthi militia in Yemen step up attacks on vessels in the Red Sea the International Chamber of Shipping (ICS) and the World Shipping Council (WSC) have called for urgent action.
Since the hijacking of car carrier the Galaxy Leader…
DIVERSION: CMA CGM, Maersk, Others Join MSC To Abandon Red Sea Route Over Terror Threat
MSC, CMA CGM, Maersk, and Hapag-Lloyd have all paused their vessels transiting the Red Sea and are rerouting via the Cape of Good Hope as Houthi militia step up attacks on commercial shipping.
The world’s largest container line MSC…
RED SEA: 20% Of World Trade To Experience Diversion, As MSC Suspends Suez Canal Route
By Roland Ekama
MSC has announced the suspension of transit along the Suez Canal route due to weekend attack on one of its vessel MSC Palatium III .
MSC stated that Eastbound and Westbound of the route would be avoided until the Red…
Union Urges DPW To Sell P&O Ferries Over 20% Sack Threats Of Dockworkers
Following P&O’s threat to sack up to 20% of its 84-docker workforce, in a reprise of the UK sackings in March 2022, Dutch union leaders have condemned P&O Ferries management as “incompetent”, urging its parent body DP World to sell…
MOWCA Seeks Collaboration With Incoming IMO Scribe Dominguez
Dr. Paul Adalikwu, Secretary General of the Maritime Organisation of West and Central Africa (MOWCA) has met Mr. Arsenio A. Dominguez Velasco , the newly elected Secretary General of the International Maritime Organisation in London to…
Kitack Hands Over To Arsenio Dominguez As IMO Secretary-General
Arsenio Antonio Dominguez has been confirmed as the next Secretary-General of the International Maritime Organization (IMO) in a unanimous vote.
The IMO Assembly unanimously approved Thursday, the decision of the Council at its 129th…
ZIM Loses $2.27Billion In Q3 2023
Container line ZIM slumped to a massive $2.27 billion loss in Q3 2023 as it took a $2.06 billion non-cash impairment due to the negative outlook for the container sector.
Taking out the non-cash impairment NYSE-listed ZIM reported an…