Shipowner Pays Nearly USD 4 Million for Earlier Panama Canal Transit as Congestion Raises Schedule and Cost Concerns
The owner of a containership has paid nearly USD 4 million to secure an earlier passage through the Panama Canal, bringing auction
Israel Raises Strong Objections to Hapag-Lloyd's USD 4.2 Billion Acquisition of ZIM Ahead of Key September 9 Regulatory Meeting
Hapag-Lloyd’s proposed USD 4.2 billion acquisition of Israeli shipping company ZIM is entering a critical stage of regulatory revi
Maersk Nokwanda Intercepted 640 Nautical Miles Off Portugal: 5 Tonnes of Cocaine Seized and Detained Crew Member Dies in Custody
A Maersk container ship was recently intercepted in the Atlantic Ocean, approximately 640 nautical miles off the coast of Portugal
Car Carrier Catches Fire in the Eastern Pacific: Engine Room Fire on China-South America Route, 22 Crew Members Rescued After Abandoning Vessel
A car carrier operated by COSCO Shipping Specialized Carriers caught fire in the eastern Pacific while sailing from Tianjin, China
Seaspan Enters China's Capital Market with RMB 1.5 Billion Debut Panda Bond, Opening a New Financing Channel for International Shipowners
The ownership and financing structure behind global shipping capacity is changing. Major liner operators such as MSC and Maersk ma
MSC SILVANA VIII Remains in Distress After Grounding Near Zhoushan as Hull Continues to Sink
The 8,401 TEU container ship MSC SILVANA VIII remains in distress after grounding in waters off Zhoushan, Zhejiang. The vessel has
