A foreign cargo ship with 21 crew members on board has been towed to safety in the Pearl River estuary by a Chinese professional rescue ship after it broke down off the Nansha Islands in the South China Sea on March 3. At 2:20 pm, the Panamanian cargo ship suffered a...

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ABS is leading a unique approach to advance the shipbuilding industry’s decarbonization efforts with a joint development project (JDP) involving all the leading Korean shipyards plus the classification group Korean Register to address a growing need in the calculation...

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The close relationship and the strengthening of the ties of friendship between the Republic of Panama represented by the Panama Maritime Authority as well as the Republic of Finland and the International Maritime Organization (IMO) were reaffirmed through the official...

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The Black Sea Grain Initiative, which covers exports of agricultural products from Ukrainian Black Sea ports has been extended, representatives of Turkey, Ukraine and the United Nations said March 18. The deal was brokered to enable shipments critical of global food...

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Rates for transporting chemicals on various modes of transportation continue to face downward pressure as reduced demand has helped ease the strains on supply chains seen throughout most of last year. Ocean freight rates for liquid tankers and shipping containers...

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Container prices fell in March 2023 due to sluggish consumer demand and excess inventory in Asia, online container logistics company Container xChange said in a market forecaster report. Singapore and China saw container prices plunge by 55 percent and 47 percent...

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