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Chinese Carrier Makes $48M Profit by Flipping Order for Two Boxships to MSC

Chinese Carrier Makes $48M Profit by Flipping Order for Two Boxships to MSC

By The Maritime Executive
July 5, 2024
With demand remaining hot for all container vessels, China’s BAL Container Line has found a novel means of making a significant profit before it ever took delivery of its ships. Two years after orde...
Russian Attack Damages Port Infrastructure in Odesa

Russian Attack Damages Port Infrastructure in Odesa

By The Maritime Executive
July 5, 2024
  Russian forces launched a ballistic missile attack on the Odea port region on Thursday evening, July 4, causing damage and starting at least one fire. The attacks came as Ukraine works to continu...
Changes in Container Shipping as MSC Expands Lead to 20% Share

Changes in Container Shipping as MSC Expands Lead to 20% Share

By The Maritime Executive
July 3, 2024
  With a growing orderbook that is already at record levels and an overheated charter and secondhand market, the container shipping segment is going through rapid changes. The market has expanded t...
Maritime Executive

Charleston Takes Steps to Clear Backlog by Pausing Construction

By The Maritime Executive
July 2, 2024
  After reports of persistent backlogs and congestion at the Port of Charleston, port officials highlight they are taking steps to reduce the frustrations. The goal is to temporarily pause the curr...
FMC Lists HMM as a State-Controlled Shipping Line

FMC Lists HMM as a State-Controlled Shipping Line

By The Maritime Executive
July 2, 2024
South Korean national-champion container line HMM has been added to the U.S. Federal Maritime Commission's list of "controlled carriers," which means that FMC views HMM as a state-owned enterprise....
USCG Presents Charleston Harbor Pilot Award for Managing Runaway MSC Vessel

USCG Presents Charleston Harbor Pilot Award for Managing Runaway MSC Vessel

By The Maritime Executive
June 30, 2024
[By: U.S. Coast Guard] The Coast Guard presented a Meritorious Public Service Award to Christopher Thornton with the Charleston Branch Pilots Association, Wednesday, at the Charleston Branch Pilots...
Canada Starts Test Construction for New Destroyer Class to Modernize Navy

Canada Starts Test Construction for New Destroyer Class to Modernize Navy

By The Maritime Executive
June 28, 2024
  Work began today at the Irving Shipbuilding yard in Halifax, Canada of the first test module for a new class of guided-missile destroyer that is planned to modernize the Canadian Navy and equip i...
MSC Clears Threshold to Buy Gram Car Carriers and Enter PCTC Market

MSC Clears Threshold to Buy Gram Car Carriers and Enter PCTC Market

By The Maritime Executive
June 26, 2024
  SAS Shipping Agencies Services Sàrl, a wholly owned subsidiary of MSC Mediterranean Shipping Company, reported late today June 26 that it has received more than 93.5 percent of the shares of Gram...
Video: Houthis Claim First Launch of Hypersonic Missile Targeting MSC Ship

Video: Houthis Claim First Launch of Hypersonic Missile Targeting MSC Ship

By The Maritime Executive
June 26, 2024
The Houthis military and spokesperson are asserting that they have launched for the first time a hypersonic missile which was used to target an MSC containership far out in the Gulf of Aden. This come...
ITF Says Flag States Must Instruct Ships to Divert from Red Sea for Safety

ITF Says Flag States Must Instruct Ships to Divert from Red Sea for Safety

By The Maritime Executive
June 25, 2024
Marking the Day of the Seafarer, the International Transport Workers’ Federation speaking on behalf of seafarers’ unions globally is urging the international community to reflect on the invaluable c...

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