On Saturday, Yemen’s Houthi rebels claimed that their forces carried out six attacks on shipping in the Red Sea and Gulf of Aden, including an attempted strike on the carrier USS Dwight D. Eisenhower and another on […]
AL-MUKALLA: The US military said Yemen’s Houthi militia has fired a new wave of drones and missiles into international shipping lanes off Yemen, including two missiles aimed at a US warship in the Red Sea. […]
More shipyard capacity will be required in the coming decade, both for newbuilds and retrofits, according to an influential new magazine published at Posidonia in Athens today. Class society ABS released its 150-page 2024 Outlook […]
The Northern Route OSLO, Norway—The hits to global shipping just keep coming. With the Iran-backed Houthi rebels in Yemen still taking shots at commercial vessels in the Red Sea, traffic there is down almost 60 […]
Worsening port congestion has removed more than 2% of container vessel supply since March, according to a new report from Bank of America, citing Singapore, Dubai and the Mediterranean as congestion hot spots, while Asian […]
The 13,000-teu LNG-powered containership, CMA CGM Sao Paolo, has joined CMA CGM’s large fleet of LNG-fueled vessels. China’s Hudong-Zhonghua said in a statement it has handed over the LNG-powered containership to the French shipping giant […]
Mitsui OSK Lines (MOL), Japan’s largest shipowner, has expressed its confidence in its self-developed wind propulsion system, announcing today plans to install its Wind Challenger hard sail on a further seven dry bulk and multipurpose […]
BEIJING, May 22 (Reuters) – China’s breakneck build-out of solar power, fuelled by rock-bottom equipment prices and policy support, is slowing as grid bottlenecks pile up, market reforms increase uncertainty for generators, and the best […]
LONDON, May 22 (Reuters) – The London Metal Exchange (LME) copper price hit a record nominal high of $11,104.50 per metric ton on Monday. The London market is playing catch-up with its U.S. peer CME […]
Two unidentified merchant vessels have reported an attack off Yemen. Maritime security consultancy Ambrey said it received a report that a ship was suspiciously approached 68 nautical miles southwest of Yemen’s port city of Hodeidah […]
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