Shipping’s resilience buffeted by threats
by hellenicshippingnews...
Friday, May 17, 2024
In 2024, the shipping industry has been caught in a maelstrom of challenges that threaten to destabilise global supply chains, endanger crew safety, and derail progress made on environmental sustainability. Allianz Commercial’s annual Safety and Shipping Review, due to be published later this month, has examined emerging risk areas and proposed solutions to navigate this ...
Flooding Slows Cargo Movement at Brazil’s Rio Grande Port
by Reuters
Friday, May 17, 2024
By Roberto Samora and Ana Mano SAO PAULO, May 17 (Reuters) – The Rio Grande port authority said the impact of excess rains and heavy flooding on cargo shipments will only be possible to...
French Shipping Giant Expects Overcapacity to Drive Down Freight Rates
by Bloomberg
Friday, May 17, 2024
By Tara Patel (Bloomberg) — CMA CGM SA, the world’s third-largest container line, is expecting a decline in ocean freight rates as new vessel deliveries gather pace, boosting capacity that has...
Aid Arrives in Gaza via U.S.-Built Pier
by Reuters
Friday, May 17, 2024
GAZA, May 17 (Reuters) – Aid deliveries began arriving at a U.S.-built pier off the Gaza Strip on Friday as Israel comes under growing global pressure to allow more supplies into the besieged coastal enclave,where...
How Tiny Djibouti Said ‘No’ to the U.S. Over Houthi Red Sea Attacks
by Bloomberg
Friday, May 17, 2024
(Bloomberg) — Captain Mohammed Houssein Omar patrols one of the most dangerous coastlines in the world. Until the Israel-Hamas conflict reignited seven months ago, it was largely people smugglers and...
UK Imposes Sanctions Over Russia-North Korea ‘Arms-for-Oil’ Trade
by Reuters
Friday, May 17, 2024
LONDON, May 17 (Reuters) – Britain announced sanctions on Friday against three companies and one individual over what it called the “illicit ‘arms-for-oil’ trade” between Russia and North Korea. The announcement followed...
UK Royal Fleet Auxiliary Officers to Begin Industrial Action Amid Ongoing Pay Dispute
by Mike Schuler
Friday, May 17, 2024
Officers of the Royal Fleet Auxiliary (RFA) represented by Nautilus International, have announced plans for industrial action starting 1 June 2024, the union announced Friday. The RFA, a civilian-manned fleet...
Maritime Authority of Jamaica Appoints New Director General
by Ship Bunker
Friday, May 17, 2024
Bertrand Smith has taken up the role of the authority's director general.
OceanPal and George Economou bury the hatchet
by Adis Ajdin
Friday, May 17, 2024
Greece’s OceanPal has struck a deal with George Economou, which will see the compatriot shipping magnate drop his pursuit to oust most of the bulker owner’s directors. Economou, who owns 14.1% of the Nasdaq-listed spinoff of Diana Shipping via his investment vehicle Sphinx, has been seeking departures from five of OceanPal’s seven current directors, including …
Jan De Nul orders another extra-large cable layer
by Adis Ajdin
Friday, May 17, 2024
Belgian marine contractor Jan De Nul is further expanding its fleet of cable layers with a fresh order for another extra-large vessel. The newbuild, which will be the fifth cable layer in the company’s fleet, is identical to the vessel Jan De Nul ordered at China Merchants Heavy Industry (CMHI) Haimen shipyard for delivery in …