Ever Given ship forbidden to leave the Suez Canal until its owners pay up to $1 billion in compensation for the chaos it caused While the giant Even Given container ship might have been freed from the banks of the Suez Canal, it still finds itself stuck, embroiled in a row of who should pay for dis
Sino-Global Shipping is a logistics company catering to the American and Chinese markets. In February 2021, the company's shares surged over 150 percent when it announced that it would be making a new move into the unrelated field of bitcoin mining. The firm has appointed a new chief operat
The Suez Canal Authority is contemplating the possibility of widening the southern section of the waterway, the agency's chairman told Reuters on Tuesday. The canal is a critical maritime chokepoint, and last month's boxship grounding showed a unique vulnerability: the 400-meter-long Ever G
Citing improving market conditions and a tightening charter market, RoRo operator Wallenius Wilhelmsen announced plans to reactivate three additional vessels. Nearly a year ago, the line had laid up 16 ships from its fleet of approximately 130 vessels that it was operating on 15 trade routes around
China took a step forward in the race to develop commercial hydrogen technology for the shipping industry. The China Classification Society awarded China’s first certificate of type approval for a marine fuel cell product. CCS says that the approval marks a major milestone in China’s pur
Royal Dutch Shell has reached an agreement with three shipowners to build and charter a total of 10 dual fuel LNG-powered very large crude carriers, with the first entering into operation in 2022. All will be built at DSME, and all will be chartered to Shell for the first seven years.
CURFEWS DECLARED BY METRO MANILA CITIES AMID SPIKE IN COVID-19 CASES MANILA — With another uptick in coronavirus cases across Metro Manila, several local government units have once again opted to reimpose curfew hours in their respective localities. For the en
Maritime digital transformation is in its most rapid and turbulent era. Such a transformation offers substantial advantages and benefits, but with commensurate risks in the cyber domain. On June 16, 2017, the International Maritime Organization (IMO) adopted Resolution MSC.428(98) that &ldq
CMA CGM Group announced that it plans to deploy the first LNG-powered large containerships on its Pacific routes starting later this year. The move is part of the company’s efforts to move to carbon neutrality by deploying a large fleet of LNG-powered vessels.
Securing Vessels at Sea: Frontline Insights on Maritime Cybersecurity After a string of cyberattacks affecting leading maritime companies like Maersk, CMA CGM and Cosco, cyber threats have become a top priority for maritime regulators. As nation-states and sector organizations pass