Shipping

Twelve seafarers who have not been paid for more than nine months have been given a boost as the UAE Ministry of Energy and Infrastructure fined the ship’s manager 30,000 UAE Dirham…

Hapag-Lloyd has introduced a software aimed to prevent the improper loading of dangerous cargoes onto vessels, thereby improving safety and reducing the occurrence of container fires.…

COSCO Shipping Lines said it is not the operator of the MV COSCO Nagoya which lost dozens of containers overboard in the Pacific Ocean last month. The ship is now back underway…

The United Nations Conference on Trade and Development (UNCTAD)  has predicted that maritime trade growth will slow to 2.4%, compared to 2.9% over the past two decades. UNCTAD…

Singapore-headquartered PIL was rescued by Temasek Holdings unit Heliconia Capital Management in a $600m restructuring deal the end of the first quarter of this year under a court sanctioned…

A container laden  ship Zim Kingston over the weekend lost 40 containers over a storm off the Strait of Juan De Fuca in Canada even as the vessel reportedly  caught fire. …

In the latest initiative aimed at decarbonizing ocean shipping, nine major retailers and consumer companies, including Amazon, Ikea, Michelin, and Unilever, announced that they are signing a…

Worried about the looming dangers on cargo  safety, maritime stakeholders under the auspices of Nigerian Ship Association (NISA) has expressed dissatisfaction over  poor enforcement of barge…

President of Cyprus Nicos Anastasiades has lauded the resilience of the shipping sector and its contribution to the Cypriot economy despite the adverse conditions caused by the Covid 19.…

The International Shipping Industry has shares a major chunk, about 90%, of the global trade in goods. According to the International Chamber of Shipping, there are currently…