News Flash | Sea and Job

Gulf ceasefire ‘fundamental’ to global shipping: FM spokeswoman

A ceasefire, as well as peace and stability, in the Gulf region are the fundamental prerequisites for keeping the international shipping route safe and unimpeded, a spokeswoman for China’s Foreign Ministry has said. Mao Ning made the remarks after United States...

Columbia Group CEO questions whether shipping is heading for a wider crewing shortage

Mark O’Neil, CEO of Columbia Group, has questioned whether the shipping industry is heading for a wider crewing shortage as conflict in the Middle East, fuel disruption in the Philippines and rising repatriation costs place growing strain on global crewing. In Mr...

Drewry: World Container Index Unchanged

Drewry’s World Container Index was unchanged at $2,287 per 40ft container this week. The Drewry World Container Index (WCI) remained stable at $2,287 per 40ft container, with rates holding steady on the Asia–Europe and Transpacific trade routes. Rates on Asia–Europe...

BlackRock Buys 5% Stakes of Samsung Heavy Industries

Global asset manager BlackRock has become a major shareholder in Samsung Heavy Industries by raising its stake above 5%. Although it stated the purchase was for a simple investment purpose, it is interpreted as reflecting expectations for improved industry conditions...

Scorpio Tankers Inc. Announces Strategic Collaboration with AMPERA, Inc. to Develop & Commercialize Micronuclear Solutions for Global Marine and Shipping Markets

Scorpio Tankers Inc. announced that it has entered into a strategic collaboration with AMPERA, Inc. (“AMPERA”) to jointly develop and commercialize advanced micronuclear power solutions for marine, shipping and related maritime applications. This strategic...

Guinea’s Simandou to become largest driver of seaborne iron ore supply growth, Wood Mackenzie says

The emergence of Guinea’s Simandou as a large-scale, high-grade iron ore supplier signifies a significant change in the global seaborne iron ore market. According to Wood Mackenzie, this project is set to be the primary catalyst for long-term supply growth. Wood...

Gulf ceasefire ‘fundamental’ to global shipping: FM spokeswoman

Columbia Group CEO questions whether shipping is heading for a wider crewing shortage

Drewry: World Container Index Unchanged

BlackRock Buys 5% Stakes of Samsung Heavy Industries

Scorpio Tankers Inc. Announces Strategic Collaboration with AMPERA, Inc. to Develop & Commercialize Micronuclear Solutions for Global Marine and Shipping Markets

Guinea’s Simandou to become largest driver of seaborne iron ore supply growth, Wood Mackenzie says

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