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Xeneta Real-Time Container Freight Rates Update: Week 3

By The Maritime Executive

January 20, 2023

2023 has marked a change in fortunes for ocean freight rates from North Europe to the US East Coast, with both spot and long-term contracted prices falling by around 10% since the start of the year....

Crew Stuck at Sea is Low Despite Renewed COVID Concerns From China

By The Maritime Executive

January 20, 2023

The Neptune Declaration Crew Change Indicator, which was launched in May 2021 to track the predominance of crew stuck at sea, is at its lowest level since it was launched. Yet, while the situation rem...

SoCal Ports Miss Records for 2022 While Still Having Second Best Year

By The Maritime Executive

January 20, 2023

South California’s twin ports of Los Angeles and Long Beach continued their position as the U.S.’s busiest overall ports while still missing the records and targets for 2022. Each port handled more th...

Salvage Operation is Underway in Gibraltar to Remove OS 35 Wreck

By The Maritime Executive

January 20, 2023

Salvage operations are underway off Gibraltar to remove the wreck of the bulker OS 35 after some weather-related delays. The port approved the salvage plan late in 2022 setting a target to complete th...

Hong Kong Receives First International Cruise Ship in Three Years

By The Maritime Executive

January 20, 2023

Hong Kong marked the first arrival of an international cruise into the city in three years signaling what many people hope is a key turning point for the industry and Asia’s recovery from the COVID-19...

Sembcorp Marine Names First LNG Hybrid Tug in Singapore

By The Maritime Executive

January 20, 2023

Sembcorp Marine celebrated the naming of its first of a series of LNG hybrid tugs specially designed for domestic service in Singapore. The Singapore-flagged vessel was christened JMS Sunshine on Janu...

Boy Falls Asleep in Container and Ends Up Traveling 1,600 NM

By The Maritime Executive

January 20, 2023

Malaysian officials are saying they believe there was no foul play involved when they discovered a young man locked inside a shipping container that had just arrived from Bangladesh. The young man was...

MARAD Will Grant Nearly $20 Million to Small Shipyards in 2023

By The Maritime Executive

January 20, 2023

The Maritime Administration (MARAD) has opened the application period for its annual Small Shipyard Grant Program. Once again this year, the U.S. federal budget includes approximately $20 million in f...

Hapag-Lloyd’s First LNG-Fueled ULCV Floated in South Korea

By The Maritime Executive

January 20, 2023

Two years after the order was placed, the first of Hapag-Lloyd’s new ultra-large container vessels was recently floated. The ship is the first of a new class of vessels for the carrier which will both...

Konecranes Expands Port Cranes Presence in India with Larsen & Toubro

By The Maritime Executive

January 20, 2023

Konecranes and Larsen & Toubro (L&T), a large Indian multinational company, have signed a licensing agreement for the manufacturing and distribution of Konecranes port cranes in India, expanding Konec...

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