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Cruise Ship Reports “Splash” in Strait as Five Ships Escape Persian Gulf

Cruise Ship Reports “Splash” in Strait as Five Ships Escape Persian Gulf

  Taking advantage of the relative calm with the current ceasefire and reports that the Strait of Hormuz is open, the first of the cruise ships began their outward journey. Six cruise ships had bee...

Ho Chi Minh City Approves $5B MSC Container Terminal

Ho Chi Minh City Approves $5B MSC Container Terminal

  Vietnam’s transshipment port project Can Gio International has made progress, with Ho Chi Minh City this week approving the consortium to lead its development. The partners under the consortium a...

Cruising Demonstrates Resiliency as Mainstream Vacation Business

Cruising Demonstrates Resiliency as Mainstream Vacation Business

The executives leading the major cruise corporations point to the business demonstrating its resilience as they believe cruising has finally evolved into a mainstream option from its long-term posit...

Gianluigi Aponte Transfers World's Largest Container Line to His Children

Gianluigi Aponte Transfers World's Largest Container Line to His Children

  Gianluigi Aponte, the founder and chairman of number-one container line MSC, has transferred the ownership of his company over to his daughter Alexa and his son Diego.  MSC confirmed Monday th...

Oil Spill While Bunkering Containership Disrupts Port of Antwerp

Oil Spill While Bunkering Containership Disrupts Port of Antwerp

The Port of Antwerp, one of the busiest ports in northern Europe, reported that shipping operations have been disrupted after an oil spill was detected overnight while a vessel was bunkering. While...

Global Cruise Outlook: New Challenges

Global Cruise Outlook: New Challenges

  After rebounding from the COVID-19 pandemic with "revenge travel" driving strong growth, the cruise industry is facing new headwinds from the broader macro-environment and geopolitical pressures....

CK Hutchison Files Arbitral Claim Against Maersk Over Panama Terminals

CK Hutchison Files Arbitral Claim Against Maersk Over Panama Terminals

  CK Hutchison, the Hong Kong-based ports giant, has filed an arbitral claim against AP Moller-Maersk. The case expands on an earlier arbitral claim that Hutchison filed against the Panamanian gove...

Container Vessel Reports Being Hit Off Iran

Container Vessel Reports Being Hit Off Iran

Attacks on containerships in the Persian Gulf continued with a new report of a vessel being struck off Iran. It is the fourth containership reportedly targeted by Iran in the past three days. Few...

Iran Continues Strikes on UAE Ports and Claims Hit on “Israeli Ship”

Iran Continues Strikes on UAE Ports and Claims Hit on “Israeli Ship”

Iran continues to strike out at ports in the UAE in what the Islamic Revolutionary Guard Corps (IRGC) is calling Operation Wave 97. Reports indicated a fire and damage at the Khor Fakkan Port, follo...

Agility at Sea: Geopolitical Shocks Reshape Energy Shipping

Agility at Sea: Geopolitical Shocks Reshape Energy Shipping

Conflict in the Middle East has practically halted shipping traffic through the Strait of Hormuz. The narrow passageway is not technically closed, but the risks now dissuade most attempts at passing t...