Hong Kong’s CK Hutchison said on Wednesday its Panama Ports Company unit has started international arbitration proceedings against Panama after the country’s top court annulled its licences to operate two Panama Canal ports, in a case that could…
CK Hutchison Launches Arbitration over Panama Canal Ports Contract Ruling Read More »
Fifteen migrants died after their boat collided with a Greek coast guard vessel, capsized and sank off the island of Chios in the Aegean Sea late on Tuesday, the coast guard said, in one of the deadliest migrant shipwrecks in Greece in years.The…
Fifteen Migrants Dead After Boat Collides with Greek Coast Guard Vessel Read More »
Oil prices steadied on Wednesday after rising earlier in the session after the U.S. shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged vessel, rekindling fears of an escalation in tensions ahead of planned talks.But a broader …
Oil Prices Rise on U.S.-Iran Tensions Read More »
The service “ClassNK Fleet Cost Simulation” provided by ClassNK has been honored with the Best Project Innovation Award at the Saudi Maritime Awards, hosted by Robban Assafina, the maritime media platform in the Middle East and North Africa (MENA) region.
ClassNK Fleet Cost Simulation Receives “Best Project Innovation Award'” Read More »
U.S.-flag Great Lakes freighters (lakers) carried 71.3 million tons of cargo in 2025, an 8.9 percent decrease from a year ago. 2025 cargo movement on the Great Lakes was 8.1 percent below the fleet’s 5-year average.Except for salt shipments…
U.S.-Flag Shipping on the Great Lakes Down in 2025 Read More »