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Why increasing North Korean shipments have sparked sanctions scrutiny concerns | IMO divided on how to tackle fraudulent ship registries | Lack of insurance a threat to safety of navigation, nations tell IMO
Fifth-biggest vehicle carrier operator reports a 14% drop in quarterly revenues because of longer Red Sea diversions. Nevertheless, spot freight rates are being maintained at record levels and Höegh Autoliners should gain from an uplift in pricing from upcoming contract renewals with its major shippers
There have been some high-profile early adopters of low-emission shipping. But for most shippers, profitability is still more important than sustainability
Whether naval operation have degraded Houthi capabilities or the Iran-backed militants were simply regrouping, the latest warnings suggest that a resurgence of attacks targeting vessels in the Red Sea is imminent
MISC tanker operating subsidiary subsidiary AET orders first tankers capable of operating on ammonia at China’s Dalian Shipbuilding Industry.