The top U.S. diplomat for East Asia warned on Tuesday that Washington could respond with sanctions against Chinese officials and enterprises involved in coercion in the South China Sea after the United States announced a tougher stance to Beijing’s cla…
US Says Room for Sanctions in Response to China in South China Sea Read More »
German container shipping line Hapag-Lloyd on Wednesday reported preliminary results for the first half of 2020 showing core profits above those of the same 2019 period and upholding its guidance for full year earnings.However, the company said…
Hapag-Lloyd Ups Profits, But Warns of Risks Read More »
The Baltic Exchange’s main sea freight index fell on Wednesday, weighed by capesize rates hitting their lowest level in nearly a month and lower earnings at the panamax segment.The Baltic dry index, which tracks rates for ships ferrying dry bulk commod…
Baltic Index Falls as Lower Vessel Rates Bite Read More »
At least seven ships have caught fire at the Iranian port of Bushehr, the Tasnim news agency reported on Wednesday, in what appeared to be the latest in a series of unexplained incidents around nuclear and industrial installations since late June.No ca…
Seven Ships Catch Fire at Iranian Port Read More »
A log carrier that lost power and went adrift while leaving New Zealand’s Port of Tauranga last week has been towed into port for repair and further inspection, local maritime authorities said.The Singapore-flagged Funing was outbound for Lanshan…
Disabled Log Carrier Towed into NZ Port for Repairs Read More »