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vessels

Container ships keep piling up at Singapore port, sending sea freight rates soaring

by Walter Watson
Container ships keep piling up at Singapore port, sending sea freight rates soaring

“The fundamental backdrop remains the same with higher peak season volumes coming” in a shipping market already seeing healthy demand, Jefferies LLC analysts led by Omar Nokta wrote in a …

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Chinese exporters vying for slots on container ships face months of anxiety, DHL says

by Anas Siddiqui
Chinese exporters vying for slots on container ships face months of anxiety, DHL says

A shortage of slots on container vessels leaving China, which has caused a surge in freight rates, is unlikely to ease in the coming few months because global shipping giants …

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Climate change: Hong Kong’s shipping sector ‘slow to the game’ with its environmental efforts, says industry body

by Anas Siddiqui
Climate change: Hong Kong’s shipping sector ‘slow to the game’ with its environmental efforts, says industry body

“On the green side of things, we are slower to the game and have a lot of catching up to do to get us back on track. The government’s action …

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US coastguard rejects Chinese claim it illegally boarded fishing vessels in Pacific: ‘host nations invite us’

by Walter Watson
US coastguard rejects Chinese claim it illegally boarded fishing vessels in Pacific: ‘host nations invite us’

The United States’ coastguard has rejected comments by a Chinese diplomat that its recent boardings of Chinese fishing boats in the Pacific alongside local police are illegal, saying the joint …

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South China Sea: Philippine coastguard accuses Chinese vessels of ‘dangerous, blocking manoeuvres’

by Walter Watson
South China Sea: Philippine coastguard accuses Chinese vessels of ‘dangerous, blocking manoeuvres’

The Philippine Coast Guard on Sunday accused Chinese vessels of “dangerous” manoeuvres during a nine-day patrol near a reef off the coast of the Southeast Asian country. The Philippine vessel …

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Panama Canal traffic cut by 36% due to drought linked to climate change, El Nino

by Walter Watson
Panama Canal traffic cut by 36% due to drought linked to climate change, El Nino

A severe drought that began last year has forced authorities to slash ship crossings by 36 per cent in the Panama Canal, one of the world’s most important trade routes. …

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Malaysia says ‘can handle’ losses from Israeli cargo ban, as 4,000 containers wait at Port Klang

by Walter Watson
Malaysia says ‘can handle’ losses from Israeli cargo ban, as 4,000 containers wait at Port Klang

Malaysia will have to swallow the loss of trade after banning Israeli shipping giant Zim from operating in the country over the nation’s war on Gaza, Prime Minister Anwar Ibrahim …

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