Shipping Industry

The Latest

  • Rescue And Recovery Efforts Begin On Stricken Oil Tanker Off China Coast
    China
    Work to siphon the remaining cargo of the tanker has begun 40 nautical miles southeast of Qingdao Port.
  • Egypt Impounds 'Ever Given' Until $900 Million Compensation Paid
    Ever Given
    Japan ship leasing company Shoei Kisen Kaisha is working with lawyers and insurance companies.
  • Ever Given Floats Free Of Suez Canal Sandbank After Nearly A Week
    Stranded ship Ever Given, one of the world's largest container ships, is seen after it ran aground, in the Suez Canal.
    An army of tugboats, dredgers and diggers freed the Ever Given early on Monday.
  • Egypt's Suez Canal Scrambles To Move Giant Container Ship Blocking Traffic
    A container ship which was hit by strong wind and ran aground is pictured in Suez Canal,
    About a dozen tug boats are working to free a massive container ship stuck in the Suez Canal.
  • World's Largest Container Ships Dock At The Port Of Xiamen
    China Shipping Industry
    The Xiamen Songyu Container Terminal accommodated the mega container vessels MSC SAMAR and the MSC MIna, setting the record for having the world's largest berthing capacity.
  • US Lifts Sanctions On One Unit Of Chinese Shipping Giant Cosco
    Cosco Shipping
    The US Treasury Department announced that it has removed Cosco Shipping Tanker (Dalian) Co from its sanctions list, while Cosco's other unit still remains blacklisted.
  • China's Dalian Shipbuilding Industry To Shift Production To High-Value Vessels
    Dalian Shipbuilding Industry
    The subsidiary of the state-owned firm China Shipbuilding Industry Corp has revealed plans of shifting its production to more high-valued vessels such as liquefied natural gas (LNG) carriers, large crude carriers, and storage and offloading (FPSO) vessels.
  • Cosco Shipping Set to Overtake Hutchison Ports As Second-Largest Port Operator
    Cosco Shipping
    With Cosco Shipping's rate of growth, the company is expected to overtake its rival Hutchison Ports as the second-largest port operator this year.
  • Hong Kong's Orient Overseas Reports H1 Profit And Revenue Growth
    Container Shipment Industry
    Orient Overseas International Limited reported interim net profits of $138.9 million, a significant shift from the $10.3 million loss it reported last year.