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Disruptions at Ningbo-Zhoushan Port as Employee Tests COVID Positive

Disruptions at Ningbo-Zhoushan Port as Employee Tests COVID Positive

Overstretched global supply chains face the risks of further disruptions after an employee at the world’s busiest cargo port tested positive for COVID-19. Operations at China’s Ningbo-Zhoushan port ha...

Maritime Executive

Higher Prices Expected for Perishables as Reefer Container Rates Surge

In a new setback for food buyers in this season of high freight rates, the cost of importing perishables is also forecast to rise in the remainder of the year. According to a new report by the mari...

Vessel Delays and Bottlenecks are Reappearing from China

Vessel Delays and Bottlenecks are Reappearing from China

Shippers continue to complain about delays and the unevenness of the supply chain as the shipping lines and ports struggle to manage against dramatic increases in volumes and external challenges to th...

Maritime Industry to Meet at Envirotech in Rotterdam

Maritime Industry to Meet at Envirotech in Rotterdam

The long-awaited and widely talked about Envirotech for Shipping Forum in Rotterdam is finally set to happen this September.  The extra-ordinary event will gather leading shipowners; ship managers;...

MSC Seashore Delivered with Thordon COMPAC

MSC Seashore Delivered with Thordon COMPAC

[By: Thordon Bearings] The largest cruise ship to be built in Italy has been delivered with a COMPAC seawater lubricated propeller shaft system from Canada’s Thordon Bearings. The 170,400gt MSC...

Maritime Executive

Somalia Rejects Diplomatic Resolution of Maritime Dispute with Kenya

Somalia has rejected pressure for a diplomatic resolution to a longstanding maritime dispute with Kenya, maintaining the matter will be decided by the International Court of Justice (ICJ). Despite a c...

Maritime Executive

VLCC Demolition at Low Levels in 2021 Despite Weak Rates

Despite more than a year of low freight rates in the oil market, tanker owners are continuing to hold on to their VLCCs even avoiding the temptation of skyrocketing steel prices offered in India, Bang...

Britain’s Largest Cruise Ship Celebrates Maiden Voyage

Britain’s Largest Cruise Ship Celebrates Maiden Voyage

Britain’s largest cruise ship, P&O Cruises 185,000 gross ton Iona celebrated her coronavirus delayed maiden voyage with a spectacular fireworks display on August 9 off her namesake island in northern...

Maritime Executive

Hyundai Heavy Industries Targets $950 Million from Stock Offering

Korean shipbuilder Hyundai Heavy Industries confirmed today the details of its long-anticipated initial public offering of stock. The company is targeting raising as much as $950 million that will be...

Coast Guard Weather Warning System Offline When Seacor Power Was Lost

Coast Guard Weather Warning System Offline When Seacor Power Was Lost

The Coast Guard hearing into the loss of the Seacor Power entered its second week with the revelation that a critical warning system operated by the Coast Guard was not functioning on the day of the a...