Ukraine Grain Exports Via Poland, Romania Face Bottlenecks
Ukraine has established two routes through Poland and Romania to export grain and avert a global food…
Business
FMC Reaches $2 Million Settlement with Hapag-Lloyd Over Alleged Detention and Demurrage Violations
The U.S. Federal Maritime Commission has approved a $2 million settlement with German container shipping…
Tullow Oil confirms merger with Capricorn Energy
Tullow Oil has confirmed its merger with Capricorn Energy, a fellow British oil and gas…
Hapag-Lloyd Further Expands Africa Presence with DAL Acquisition
German liner operator Hapag-Lloyd has announced the closing of its acquisition of the container liner business of…
ONE Orders 10 Containerships as Part of Expansion Strategy
Singapore-based Ocean Network Express (ONE) has become the latest of the major containership operators to…
Maersk Claims First International Relay Shipment in China
Maersk is claiming China’s first coastal relay of international cargo by a foreign ocean carrier,…
Maersk Warns Los Angeles and Long Beach May Begin Charging Container Dwell Fees
For months, the ports of Los Angeles and Long Beach have been threatening ocean carriers…
AfCFTA loses US$5 billion yearly to third-party payment systems- AU Commissioner
Economies of the African Continental Free Trade Area (AfCFTA) lose US$5billion in transactional cost to…
China relaxes COVID-19 rules for its seafarers returning home
China is loosening quarantine restrictions overseas for Chinese national crews returning home at the end…
Port of Long Beach and Amazon to Collaborate on New Real-Time Cargo Tracking Platform
The Port of Long Beach and Amazon’s cloud computing subsidiary, Amazon Web Services, Inc., have…