Liner shipping could need up to 1.7m teu additional capacity to reroute all their services that normally use the Red Sea route via the Suez Canal following the disruption caused by the
by Our Economic Affairs Editor China has made significant strides in the development of automated container and dry bulk terminals, with 52 of these facilities now operational, placing the country at the
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A groundbreaking proposal for a flat tax on shipping emissions has gained significant momentum as Liberia and Panama, the world’s leading shipping registries, announced their support. These nations join 43 others, including
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Yesterday, the colossal Megamax container ship, named “Ever Ace,” docked at the Colombo East Container Terminal under the management of the Sri Lanka Ports Authority. Boasting an astounding capacity nearing 24,000 TEU
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The Chinese are increasingly angry with Iran. Reuters has reported that Chinese officials have asked Iran “to rein in attacks on ships in the Red Sea by the Iran-backed Houthis, or risk harming business relations with
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Houthi attacks on ships in the Red Sea have cut Suez Canal trade volume by 42 percent since November, a UN trade official said on Thursday. The disruption adds to the strain
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On December 30, 2023, the Singapore-flagged Maersk Hangzhou, owned by Danish company Maersk Line, came under missile and subsequent boat attacks by Houthi rebels in the Red Sea. The U.S. Navy responded by
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Since late November 2023, Houthi rebels in Yemen, in response to the conflict in Gaza, have targeted cargo ships with links to Israel, according to many commentators. At first, India and a
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The voyages of the eunuch Admiral Zheng He are often overlooked in the West. When he was in his early 30s, Zheng set out with a fleet of 317 ships on his
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Statement by Arsenio Dominguez, Secretary-General, IMO, at Maintenance of International Peace and Security – United Nations Security Council, 9525th meeting Firstly, let me start by reiterating my condemnation of the attacks against international
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Liner shipping could need up to 1.7m teu additional capacity to reroute all their services that normally use the Red Sea route via the Suez Canal following the disruption caused by the
More