As geopolitical tensions rise globally, and President Trump prepares to reenter the White House later this month, focus turns to the maritime sector and China's growing dominance. So when the U.S. Department of Defense released on the Federal Register on January 7, 2025 a "Notice of Chinese military companies operating in the United States
Taiwanese shipping firm Yang Ming Marine Transport Corp said one of its cargo ships caught fire on Friday at China's Ningbo-Zhoushan Port, one of the world's busiest.Earlier, Chinese state media said an explosion was reported at the port and shockwaves were felt a kilometer away.Yang Ming Marine Transport said a fire occurred on board the YM Mobility while it was operating in the port.
Carnival Corporation, the world's largest cruise company, announced on Tuesday that it has ordered a trio of ultra large cruise ships from Italian shipbuilder Fincantieri for its Carnival Cruise Line brand.At nearly 230,000 gross registered tonnes, and with capacity for nearly 8,000 passengers in 3,000 guest staterooms, the new ships will be the largest in Carnival's global fleet.
A Chinese radio station on Monday started broadcasts on Arctic sea ice conditions off Russia's coast for vessels sailing the Northeast Passage, as China seeks to further utilise the world's northernmost routes as alternatives to the Suez Canal.Arctic sea routes are increasingly being used as an alternative global trade route connecting the Pacific Ocean and Atlantic Ocean to major economies as
Star Bulk Carriers Corp. on Tuesday announced that it has completed its merger with fellow dry bulk shipping company Eagle Bulk Shipping Inc.Eagle Bulk shareholders this week voted to approve the $2.1 billion deal, which was first announced in December 2023.Under the terms of the merger agreement, each Eagle shareholder received 2.
At least 94 people died, including children, and 26 are missing after a ferry boat capsized off the northern coast of Mozambique, an official from the country's Maritime Transport Institute (INTRASMAR) said.The vessel was an overloaded fishing boat and was not licensed to transport people, Lourenco Machado, an administrator of INSTRASMAR, said on state television on Monday.
A container ship smashed into a four-lane bridge in the U.S. port of Baltimore in darkness on Tuesday, causing it to collapse and sending cars and people plunging into the river below.Rescuers pulled out two survivors, one in a "very serious condition," and were searching for more in the Patapsco River after huge spans of the 1.6-mile (2.57 km) Francis Scott Key Bridge crumpled into the water.
A major bridge collapsed in the U.S. port of Baltimore in the early hours of Tuesday after being struck by a container ship, plunging cars and as many as 20 people into the river below.Rescuers were searching for survivors in the Patapsco Riverafter huge spans of the 1.6-mile (2.57 km) Francis Scott Key Bridge crumpled into the water.
The 1.6-mile (2.57 km) long Francis Scott Key Bridge in Baltimore, Maryland, collapsed in the early hours of Tuesday after a container ship hit it, and as many as seven people may be in the water, officials said.A live video posted on YouTube showed a ship hitting the bridge, after which several of its spans collapsed into the Patapsco River.
Attacks on merchant vessels in the Red Sea have delayed cargo and sent shipping costs higher, but soft demand and ample ship availability are muting the impact on inflation, analysts from Moody's Investor Service said on Thursday.Ships carrying everything from furniture and apparel to food and fuel are being diverted away from the nearby Suez Canal trade shortcut to the longer and more expensive
President Biden on Wednesday signed an Executive Order aiming to strengthen cybersecurity at U.S. ports amid growing threats to America's vital maritime supply chains.The directive bolsters the Department of Homeland Security’s authority to address maritime cyber threats, including through the creation of new standards to ensure the security of networks and systems throughout the nation’s marine
The United States on Wednesday returned the Yemen-based Houthi rebels to a list of terrorist groups, while business chiefs warned that disruption to shipping in the Red Sea caused by their attacks could affect supply chains for months.Attacks by the Iran-allied Houthi militia on ships in the region since November have slowed trade between Asia and Europe and alarmed major powers - an escalation