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Risk reigns in ocean shipping, industry and economic experts say
Risk is the "new normal" for the global ocean shipping industry that handles 80% of global trade as pressure from geopolitical tensions, rising protectionism and climate change mounts. "There are…
Maersk to cut 10,000 jobs, sees weaker profit as shipping demand wanes
Shipping group A.P. Moller-Maersk on Friday reported a steep drop in profit and revenue in the third-quarter, and said it would cut…
UN ship agency chief urges decisive action at environment talks
Countries must take decisive action at talks aimed at accelerating decarbonisation in the shipping industry, the United Nations' shipping agency chief said…
Ships, planes search for sub that went missing on trip to Titanic wreckage
U.S. and Canadian ships and planes searched on Monday for a submarine that went missing more than a day earlier off the…
Dozens of LNG-laden ships queue off Europe’s coasts unable to unload
Dozens of ships carrying liquefied natural gas (LNG) circling off the coasts of Spain unable to secure slots to unload have prompted…
A Maritime Court is necessary and consistent with the Country’s Aspirations to remain a Centre of Excellence – the Malta Maritime Forum
The Malta Maritime Forum has expressed support to a call made by Chief Justice Mark Chetcuti for the exclusive jurisdiction of the…
Sky-high cost of ageing ships sounds inflation SOS
Shipping companies are transforming rust buckets into gold mines in a modern-day alchemy that could fuel already rampant inflation for years to…
Ship insurance claims to rise as Black Sea remains high risk area
Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine spills over…
European Parliament says shipping industry must contribute to climate neutrality
The European Parliament has voted to include CO2 emissions from the maritime sector in the EU Emissions Trading System. MEPs largely agreed…
Ocean shipping shrinks as pandemic pummels retailers
The $1 trillion container shipping industry is in a slowdown. Literally. Some shipping lines, whose retail customers are being hammered by the…