Demand revisions suggest that demand from Asia to the Middle East and South Asia is in a steep decline, according to a report from shipping consultancy Drewry.
South Korea's largest shipping line Hyundai Merchant Marine (HMM) said it will invest 3.153 trillion won ($2.84 billion) for 20 new large containerships to be delivered by June 2021.
HII Ingalls Shipbuilding division today announced that it has been awarded a $5.1 billion fixed-price incentive, multiyear procurement contract for construction of six Arleigh Burke-class Flight III destroyers for the U.S. Navy.
Japanese classification society ClassNK is advising owners to fit ballast water management systems (BWMS) well ahead of time as it sees a large spike in retrofit numbers in 2022.
The Golden Week holiday prompted an uptick in enquiry with rates firming four points to WS 59/59.5 for 270,000mt from the Middle East Gulf to both China and Singapore
While analysts expect disruptions in the coal export and import markets, solutions to the International Maritime Organization’s 2020 sulfur cap remain unclear, a Wood Mackenzie analyst said in a report.
Every year since 2003, October has been recognized as National Cyber Security Awareness Month (NCSAM) in the US, aiming to raise awareness about the importance of cyber security.
On Friday, 28 September 2018, Venta Maersk called the port of Saint Petersburg, Russia, after successfully completing a trial passage of the Northern Sea Route.