China & Russia’s Arctic Sea route
A subcommittee has been set up to coordinate joint efforts toward promoting the Northern Sea Route
Maersk announces new order program
The shipping company is to purchase 800,000 TEUs; 160.000 TEUs a year from 2026 to 2030
Multipurpose shipping rates still rising
Rising steadily since August 2023, today freight rates hit $9,212 a day (+0.5% compared to last June)
Serious fire on the Maersk Frankfurt
The ship, which had left Mundra, India, on 17th July, was due to reach Colombo, Sri Lanka, on 21st July
Maersk Supply Service to go to the DOF Group
AP Moller Holding's maritime service provider will be sold to the offshore industry for $1.1bn
Asian ports fraught with congestion
Only half of the Asia-to-Europe sailings keep to their schedule. Shanghai is the most congested port
Charleston, operational standstill risk
A dozen ships are waiting in the outer harbour. Disruptions due to work at Wando Welch Terminal
Cyclone stops ports in India & Bangladesh
Services suspended for 54h in the Indian port of Chittadong. Ports closed for 12 hours in the Bay of Bengal
Baltimore sues the owner of the Dali
The vessel's operator has also been sued due to power supply malfunctions not being resolved