Durable goods manufacturing is finally back to pre-pandemic levels. But continued growth is competing for space with stimulus-driven retail demand

Congestion has led to capacity shortages on the main east-west trade lanes. Carriers are now pulling vessels from less profitable trades to service the demand

A full return to normal operations is expected by August 16, according to a ship agent

Some 66 vessels, mostly under 5,000 gross tonnes, identified as falsely flagged with 15 registries, IMO secretariat report shows

Boxship owner reports a second-quarter net profit of more than $370m, supercharged by its stake in Zim as well as proceeds from the redemption of charterers’ notes

Box lines are basking in record earnings. But while these may not last forever, costs will continue to rise even after the party is over

A welfare charity in Mauritius has called for the release of the Wakashio crew, detained now for a year. This follows a similar call by the International Transport Workers Federation

Diana executive says that industry has ‘overestimated’ the extent of emissions and finance challenges, which has helped keep ordering low

While Seanergy said its first-half result was the most profitable since it relaunched in 2015, Pioneer Marine is looking to sell its remaining owned vessels following a management buyout

The tanker market is likely to remain under pressure as it suffers from structural deterioration of the supply and demand balance

Some 66 vessels, mostly under 5,000 gross tonnes, identified as falsely flagged with 15 registries, IMO secretariat report shows

The explosion of a store of ammonium nitrate destroyed a large part of the port of Beirut and surrounding areas. One year on, the official investigation has gone nowhere

Middle East tensions are flaring following an abortive hijack and a fatal drone strike against a tanker in the world’s most important energy chokepoint, but shipping’s risk assessment remains unchanged and recent events must be read with distinct context in mind

Analysis of attack images shows drone deliberately targeted bridge with ‘lethal intent’, says risk consultancy

The result was 59% lower than in the same quarter last year and comes on top of a 57% fall in revenues attributable to weak tanker markets as well as a sharp reduction in FSL’s tanker fleet capacity

The tanker market is likely to remain under pressure as it suffers from structural deterioration of the supply and demand balance

Lloyd’s List Intelligence AIS tracking shows Asphalt Princess headed towards Oman after armed boarders who seized the Panama-flagged tanker on Tuesday evening left the vessel, which has been declared ‘safe’ by the UK military group

Days after a fatal attack on Zodiac operated tanker, armed men seize an asphalt tanker off Gulf of Oman and direct the vessel to Iran. UK and US naval operations monitoring the situation. Iran has reportedly denied involvement

There is plenty of mergers and acquisition activity going on in shipping, to the point that it’s even sometimes difficult to get a handle on it, say Daniel Saunders and Mark Tooke of WFW

The liquefied petroleum gas carrier saw net profits for the second quarter of 2021 drop on the back of lower revenues. However, it has also declared a $1 dividend per share that it says will return over $40m to shareholders

Box lines are basking in record earnings. But while these may not last forever, costs will continue to rise even after the party is over

Maersk has had a strong second quarter in an ‘exceptional market situation’. It expects to do even better in the third quarter

Second-quarter results for container lines were always going to be good. Now the outlook for the full year looks even better

The entire club ethos is to do the best they can by their members. If they turn around to shipowners and say they need more money, chances are they really do need more money

Some 66 vessels, mostly under 5,000 gross tonnes, identified as falsely flagged with 15 registries, IMO secretariat report shows

Ongoing low coronavirus vaccination rates for seafarers, despite the transmissibility of the Delta variant, could see big changes to the risk environment for marine re/insurers, according to a new analysis

Big challenges remain for shipping industry and its insurers, including coronavirus, the crew crisis, decarbonisation and the impact of ever-larger ships

‘Guy is a well-known and respected figure in the marine P&I market and brings a wealth of experience to the role, which will form an important part of our strategic growth and portfolio development,’ says QBE’s Pembroke

Philip Whittaker to revert to chief operating officer role

The entire club ethos is to do the best they can by their members. If they turn around to shipowners and say they need more money, chances are they really do need more money