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Sluggish demand ex-locked-down China fails to dent expectant sea-air sector

Forwarders are expecting to see a surge in demand – and rates – out of China once the lockdowns ease. Airfreight rates have started to...

Maersk Raises Full-year Guidance, But Says Shipping Boom Will Stabilize in H2

Shipping group Maersk, often seen as a barometer for global trade, on Tuesday cautioned the container market may normalize in the second half of...

Keppel Offshore & Marine and Sembcorp Marine merger deal agreed

After almost one year of negotiations, Keppel Corporation and Sembcorp Marine have reached an agreement for the combination of Keppel Offshore & Marine and...

Combined port and terminal operating system for Port of Borg

The Port of Borg in Fredrikstad, Norway, has agreed a deal to implement a combined port and terminal operating system (TOS) from Grieg Connect...

Josh Weinstein tapped as Carnival CEO, Arnold Donald moving to vice chair

Arnold Donald, left, has led Carnival Corp. as CEO since 2013. Josh Weinstein, right, will succeed him in August Josh Weinstein will become president and...

Congestions in Shanghai to ripple to other ports

Guangzhou and Zhoushan may be next to get clogged up as the bypassing continues As global supply chains continue to get battered by congestions, even...

Exports growth stymied by ongoing downside risks: UOB

Widespread lockdowns and the Russia-Ukraine war will impact Singapore’s trade exposure. The full-year growth of non-oil domestic exports (NODX) will be at a muted 2%...

Singapore’s contaminated bunkers crisis grows: $120 million worth of contaminated fuel

The contaminated bunkering crisis in Singapore will likely result in tens of millions of dollars in claims. 140,170 tons of dirty fuel worth 120 million...

USCG: New technical standard on LED radio interference to maritime VHF radio and AIS

The Coast Guard Inspections and Compliance Directorate published a Marine Safety Information Bulletin to inform mariners of newly published technical standard addressing LED radio...

First RITM-200 reactor for Yakutia, serial icebreaker of Project 22220, went through hydrotest

Hydraulic testing is needed to check integrity of equipment operating under pressure ZiO-Podolsk JSC (a company of Atomenergomash, ROSATOM’s mechanical engineering division) has completed hydrotest...
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