VLCC Charter Rates Reach USD 424,000 Per Day Following Hormuz Crisis

Charter rates for Very Large Crude Carriers (VLCCs) on the Middle East–China shipping route surged [...]

Conflict in the Middle East: Major Shipping Companies Suspend Operations Through the Strait of Hormuz

Amid escalating tensions following airstrikes between the US, Israel, and Iran, shipping companies are no [...]

Termination of IEEPA Tariffs, Implementation of Section 122 and Expansion on Sections 301 and 232

On February 20, 2026, the Supreme Court issued a definitive ruling that the International Emergency [...]

Reports of an Explosion and Fire aboard the MSC Giada III in the Gulf of Finland

The Liberian-flagged containership MSC Giada III has reported to be exploded while passing through the [...]

MSC Baltic III: Structural damage is worsening, and the ship will take years to dismantle due to harsh weather conditions.

The MSC Baltic III, which ran aground on February 15, 2025, has recently shown signs [...]

Unexpected strong weather hit ‘CMA CGM TIGA’ in Malta: 58 containers dropped into the ocean

The incidents off CMA CGM TIGA demonstrate that there is no risk-free in shipping even when ships ensure [...]

Shipping group CMA-CGM shifted three service away from Suez Canal due to the global uncertainties

CMA-CGM officially announced on 20th Jan on adjusting three routes away from the Suez Canal [...]

Hapag-Lloyd planned to return the Suez Canal with its ME11 Service

There is a high chance of Hapag-Lloyd’s ME11 Service will come back to the Suez-transit [...]

Maersk’s MECL service returns to trans-Suez route

Following increased stability in the Red Sea, Maersk will conduct its first structural return to [...]

COSCO expands its logistics capabilities: Orders Newcastlemax container ships and finalizes a series of container shipbuilding orders worth $2.7 billion

COSCO has signed a contract to order a series of Newcastlemax vessels and series of [...]

Maersk resumes its Red Sea service while the Gaza ceasefire is in effect

With the Maersk Denver, Maersk performed its second Red Sea voyage in January; a cautious test [...]

The delay of Section 232, stress release on furniture category of the Americans.

President Trump has signed a proclamation postponing the tariff hikes on upholstered furniture, kitchen cabinets, [...]