The Secretary-General of the International Maritime Organization (IMO), Arsenio Dominguez, has urged immediate global cooperation to secure the release of 44 seafarers currently being held captive by pirates and armed robbers in
Danish shipping giant AP Møller-Maersk has finalized a deal to acquire the Panama Canal Railway, a key infrastructure link that connects the ports at both ends of the Panama Canal. This acquisition
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The Trump administration is setting its sights on revitalizing American shipbuilding with an ambitious industrial strategy designed to enhance the nation’s maritime strength. The initiative, expected to be formalized through an executive
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In a major milestone for China’s shipbuilding industry, the country has delivered its latest dual-fuel car carrier, capable of carrying up to 8,600 vehicles. The new vessel, named Wen Jing Kou, was
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Several significant investments in the maritime sector have been announced, showcasing a global push to enhance port infrastructure, green shipping solutions, and technological advancements within the industry. India’s $5.8 Billion Inland Waterways
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The recent decision by Hong Kong conglomerate CK Hutchison to sell its stakes in two Panama Canal ports to American asset manager BlackRock has drawn significant backlash from Beijing, thrusting the American
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The International Maritime Organization (IMO) is spearheading efforts to modernize the global shipping industry with a comprehensive digitalization strategy aimed at boosting efficiency, safety, and sustainability. During its 49th session in London
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Despite the perception that oil piracy is a thing of the past, the danger of petro-piracy continues to be a pressing issue for the global oil industry. Petro-piracy refers to the hijacking
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The shift towards digitalisation in shipping operations has significantly changed the industry’s risk landscape. While emerging technologies such as blockchain-based shipping documents, e-navigation, and IoT-enabled sensors enhance efficiency and transparency, they also
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In 2024, 128 major maritime construction projects were launched globally, with a total investment of approximately $52.63 billion. The combined cost of the ten most expensive projects alone reached around $26 billion,
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Hong Kong-based conglomerate CK Hutchison saw its shares plummet more than 6% on Friday after China strongly criticized its $22.8 billion deal with US asset manager BlackRock for the sale of its
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