Marine Link
Friday, November 22, 2024

Maritime Blogs Marine Logistics

Maersk expects global demand to remain steady, but slower.

Posted to Maritime Reporter on August 7, 2024

Maersk, a shipping company, said on Wednesday that global container demand will likely remain positive over the next few quarters. However, it warned of substantial risks. When it released its preliminary earnings for the second quarter last week…

Expeditors second-quarter earnings falls as Red Sea stress weigh

Posted to Maritime Reporter on August 6, 2024

system. Shares of the business were down about 5% in early trade. e-commerce need had actually strained its air market capability. Jeffrey Musser stated. enhancing market conditions. fell to $175 million or $1.24 per share, compared to $196.8. million or $1.30 per share a year earlier.

Ukraine economy minister visits Turkey to discuss free trade deal

Posted to Maritime Reporter on August 1, 2024

Svyrydenko, the Ukrainian Minister of Economy, arrived in Turkey on Thursday to discuss the ratification and strengthening economic co-operation with Ankara. Svyrydenko, a member of the X social network, said that the meeting also included expanding…

South Africa steps up fight to contain oil spill from grounded ship

Posted to Maritime Reporter on July 29, 2024

and began to break apart in rainy weather condition on South Africa's. west coast, although there are no signs of affected wildlife. yet, authorities stated on Monday. Rough sea swells have damaged the Panama-flagged general. freight vessel Ultra Galaxy given that it wandered onto a sand bank.

Shipping source: Iran releases cargo from oil tanker St Nikolas

Posted to Maritime Reporter on July 25, 2024

A shipping source said on Thursday that Iran had released the oil cargo of the Greek owned, Marshall Islands flagged tanker, which it seized earlier this year in the Gulf of Oman. Source: Iran still holds the vessel M/T Saint Nikolas. The vessel was loaded with 1…

Houthi leader warns of a response to Israeli airstrikes in Yemen's Hodeidah

Posted to Maritime Reporter on July 25, 2024

In a Thursday televised address, the leader of the Iran-backed Houthi group said that a response to Israeli airstrikes in Yemen's Hodeidah was coming. A drone fired on a crowd near Yemen's Hodeidah port, killing nine and injuring 87 people, just a day after the Houthi attacked Tel Aviv…

DSV Freight expects earnings to increase from Red Sea disruption

Posted to Maritime Reporter on July 24, 2024

DSV, a Danish shipping company, said that it expected disruptions in the Red Sea to have a positive effect on its earnings during the second half. Third-largest global freight forwarder, a company that operates in sea, air and roads divisions…

West, a UK-based ship insurer, has problems with paying claims to a Russian company that is under sanctions

Posted to Maritime Reporter on July 23, 2024

West, a UK ship insurer, said that it would be difficult to pay claims for ships involved with accidents or collisions involving other vessels insured by the sanctions-hit Russian Ingosstrakh. This is another indication of the difficulties with Moscow's oil trading.

UN representative to Yemen says the threat of Houthi to Red Sea shipping has grown.

Posted to Maritime Reporter on July 23, 2024

Hans Grundberg, the U.N.'s Special Envoy for Yemen, told the U.N. Security Council that recent developments in the Red Sea suggest the threat of international shipping by Yemen's Houthis has grown. Grundberg, in a briefing about the situation…

IRGC: Iran's Revolutionary Guards have intercepted a tanker managed by the UAE

Posted to Maritime Reporter on July 23, 2024

The IRGC, along with British security firm Ambrey, announced on Monday that the IRGC had intercepted a tanker flying the flag of Togo, but managed by UAE, carrying 1,500 tonnes of marine gas oil. Ambrey reported that the vessel was carrying…

UKMTO reports minor damage to vessel after two attacks north of Yemen's Mokha

Posted to Maritime Reporter on July 23, 2024

United Kingdom Maritime Trade Operations said that on Saturday, it received a report about two attacks against a vessel that caused minor damage. The attack took place 64 nautical miles (118.5 km) north of Yemen's Mokha. The captain of the ship…

Spain seizes cargo ship after fuel spill in Ceuta

Posted to Maritime Reporter on July 23, 2024

Spain's Merchant Fleet reported on Monday that Spanish authorities had detained a German cargo ship after it caused a spill while refuelling near the Spanish enclave Ceuta. It added that the owner of the Tony Stark-flagged ship, which is registered in Antigua & Barbuda…

UKMTO reports that two attacks were reported northwest of Yemen’s Mokha. The vessel suffered minor damages.

Posted to Maritime Reporter on July 23, 2024

The United Kingdom Maritime Trade Operations said that on Saturday, it received a report about two attacks against a vessel at 64 nautical miles north of Yemen's Mokha. One of the attacks caused minor damage to a ship. The captain reported that "two attacks" had taken place: first…

Search for missing Indonesian cargo ship

Posted to Maritime Reporter on July 23, 2024

Officials said that Indonesian rescuers were searching for a cargo vessel with 12 people aboard, which has been missing off the coast of Papua since last week. The cargo ship is carrying the equipment needed to build towers for telecommunications…

After being stopped by the coast guard, a fire-hit tanker enters Malaysia's terminal area

Posted to Maritime Reporter on July 23, 2024

Shipping data from LSEG & Kpler revealed that a tanker involved in a collision last week near Singapore entered the Bertam floating oil storage terminal area on Monday morning, after being intercepted on Sunday by local authorities. On Friday…

Malaysia Coast Guard locates oil tanker involved with collision off Singapore

Posted to Maritime Reporter on July 23, 2024

Malaysia's Coast Guard said Sunday that it had intercepted and located a large tanker involved in an exploding collision with another vessel just two days earlier off Singapore. The Coast Guard said that on Saturday, the tanker Ceres I flying…

Early US back-to school sales by retailers hastens peak ocean shipping season

Posted to Maritime Reporter on July 23, 2024

Walmart, Target, and Shein retailers started back-to school sales early in order to prevent Amazon.com Prime Day from stealing U.S. sales for backpacks and computers. This helped advance the peak ocean-shipping season by two-months and increase already high freight rates.

Houthis increase attacks on cargo ships in Gulf of Aden

Posted to Maritime Reporter on July 23, 2024

Yemen's Houthi Rebels damaged and destroyed a container ship flying the Singapore flag with two missiles Friday, as they intensified their attacks against global shipping in response to Israel's Gaza War. The Houthis, who are aligned with Iran…

Maersk reports an incident of fire on a vessel near the western coast of India

Posted to Maritime Reporter on July 23, 2024

Maersk said on Friday that a fire had broken out on one of their chartered vessels, sailing from Mundra off the west coast of India, to Colombo in Sri Lanka. Local media reported that the fire was caused by a short-circuit, which resulted in explosions, and that a Filipino seaman died.

Malaysia Coast Guard says that the tanker involved in an explosion has left the site

Posted to Maritime Reporter on July 23, 2024

Malaysia's Coast Guard said on Saturday one of two large oil tanks involved in an accident that resulted in fires on both vessels had left the scene of the accident. It was also believed that the tracking system of that tanker had been turned off.

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week