FSG Shipyards Get Temporary Financing from German State to Continue Work
The bankrupt German shipbuilding group FSG-Nobiskrug Holding received temporary financing to keep the operations open while efforts continue to seek…
Shanghai Exceeds 50 Million TEU for the First Time
Chinese officials reported that the Shanghai Port complex reached 50 million TEU for the first time on December 22. They…
Edison Chouest Completes Sale of Icebreaker Aiviq to the U.S. Coast Guard
Edison Chouest has finalized the long-discussed sale of the icebreaker Aiviq to the U.S. Coast Guard, completing a transaction that…
Norway’s Belships Agrees to Buyout by US-Based Investment Manager EnTrust
Norway’s Belships, a large operator of dry bulk and majority holder of Norwegian Bulk Carriers, agreed last week to the…
Shanghai Exceeds 50 Million TEU for the First Time
Chinese officials reported that the Shanghai Port complex reached 50 million TEU for the first time on December 22. They…
Red Sea to dominate Asia-Europe ocean trade again in 2025
Carriers have penciled in a return to the Red Sea and Suez Canal for the second half of the year,…
McAllister Towing Celebrates 160 Years While Focusing on the Future
The maritime community came together last week to mark the 160th anniversary of the founding of McAllister Towing, a leader…
Video: Containership Rolls Over While Loading in Istanbul
A small containership docked in Turkey’s main container port lost stability and rolled onto its side this morning, December 23,…