FMC judge says Hamburg Süd retaliated against Florida-based OJ Commerce after it filed a complaint with the commission protesting detention and demurrage charges. The judge doubled the actual injury sum of $4.9m due to the carrier's "knowing and willful behavour"

A fire broke on an MSC boxship en route from Dubai to Abu Dhabi, with one crew member airlifted to hospital by the UAE National Search and Rescue Centre after sustaining burns. Video released by the emergency services shows tugs spraying water over the ship’s stern

Ships planning to transit at or near maximum authorised draught should factor in possibility of further reductions during the waiting period, marine mutual warns

Cargo volumes are expected to continue rising sequentially, but the west coast labour situation is creating much uncertainty as peak season starts

Sale of 3,500 teu containership adds to six vessels that MSC has sold for demolition since February. Meanwhile, Chinese owners are said to have sold several panamax and handysize bulkers for scrap

Former Noatum terminals now owned by CSP and CMA CGM. Carrier says deal will boost its shortsea services and Mediterranean presence

Russia had been calling for the ammonia pipeline, which runs from the city of Togliatti to the Odesa port in Ukraine, to be re-opened, allowing its unhindered exports

The forward curve has responded to the flicker of hope that the Chinese government is looking to shore up the real estate sector, which is a big consumer of imported bulk commodities such as iron ore, coal, steel and cement

Sale of 3,500 teu containership adds to six vessels that MSC has sold for demolition since February. Meanwhile, Chinese owners are said to have sold several panamax and handysize bulkers for scrap

Smoke emanating from wildfires in Canada has severely impacted air quality and visibility in the US northeast and has forced container terminals in the port of New York and New Jersey to close early on Wednesday

Taiwan-owned vessel Babuza Wisdom was given a 90-day ban in the past week. The Australian Maritime Safety Authority says it has twice contacted the vessel’s operator, Briese Heavylift, to warn it about its poor performance and the potential consequences of further detentions

Deal has brought the number of LNG-fuel ships in MOL’s fleet to 23, of which 17 are oceangoing vessels

A local maritime authority at a major Chinese tanker port is imposing restrictions on the chartering and arrivals of elderly oil tankers considered unsafe or suspected of engaging in sanction-busting activities

Shipping sanctions lawyers have already received several concerned calls from industry officials grappling with the prospect of an EU port ban for vessels thought to have engaged in deceptive ship-to-ship transfers or deliberately switched off their Automatic Identification System

The freight market boom has fuelled ordering activities in the sector, with 46 LR2 tankers ordered so far this year, pushing the orderbook-to-fleet ratio of product tankers to 9%

KKR has provided lease financing for seven tankers bought and operated by shipowners in Greece to serve Russian oil trades. One has been identified as spoofing its location while it loaded in Russia and another was previously part of an Iran-linked oil smuggling ring

‘The trend to extend the age of container vessels means they are staying in drydock for 30 days — instead of just a week,’ said Drydocks World Dubai chief executive Captain Rado Antolovic

Amid unprecedented global uncertainties, MOL aims to protect earnings by reducing exposure to volatility and diversifying its businesses. The steadier cash inflow resulting from these changes will help the Japanese giant address another vital industry challenge: decarbonisation 

Two months after citing its intention to take over Belgian specialised offshore company in which it is majority holder, Saverex launches formal move to buy all shares it or affiliates do not already own

Amogy plans to present its first commercial offering in 2024

Investment decisions being made today must take into account the future global economy

Shipping executives now view regulation as the key barrier that will need to be addressed to kick-start investment in alternative fuels as production of hydrogen-derived fuels will need to be scaled up to meet shipping’s demand

Fredriksen continues to build a majority share in Euronav, even after cancelling merger plans with Frontline earlier this year. At the same time, he has attacked the management and board of another rival in which he has majority stake, International Seaways, ahead of tomorrow’s annual general meeting

Our industry is providing a second front without the shooting. Let the vice tighten slowly but surely

Ships planning to transit at or near maximum authorised draught should factor in possibility of further reductions during the waiting period, marine mutual warns

Jonathan Andrews hails ‘strong’ result at International Group affiliate

Höegh LNG and Gard chairman says risks emanating from the growing shadow fleet of tankers circumventing Western shipping sanctions cannot be ignored and must register with governments to avert catastrophe

Our industry is providing a second front without the shooting. Let the vice tighten slowly but surely

Free reserves take hit from negative investment return, but club gained both owned and chartered entered tonnage last year

Greek shipowners and insurers have limited presence on Russia’s eastern seaboard where oil is selling above the Western price cap, driving trade bifurcation and rise of dark fleet of anonymously owned, vintage tankers