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Global Trade is On Track for a New Record in 2024

Global Trade is On Track for a New Record in 2024

With inflation easing and service trade booming, the total volume of world trade is likely to hit a new record of $33 trillion in 2024, according to UN Trade and Development (UNCTAD).  The forecast represents an increase of $1 trillion over UNCTAD's last update,...

U-Ming to Add Anemoi’s Rotor Sails to Giant Ore Carrier

U-Ming to Add Anemoi’s Rotor Sails to Giant Ore Carrier

Taiwan’s U-Ming Marine is becoming the latest in a growing list of shipowners to adopt wind-assisted propulsion. Bulkers are a popular category for the technology which is now planned for a broad range of vessel sizes. U-Ming plans to add rotors made by the UK’s...

China Commissions Its First Deep-Ocean Drillship

China Commissions Its First Deep-Ocean Drillship

In its quest to access deep-ocean resources, China commissioned its first drilling vessel at a shipyard in Guangzhou. The ultra-large drillship, the Meng Xiang (Dream), is a significant leap in China’s ambition for deep-sea exploration, including mineral...

Cybersecurity: Ghosts in the Machine

Cybersecurity: Ghosts in the Machine

In the dead of night, a fully laden LNG tanker quietly navigates the narrow channel of a strategic U.S. port. Suddenly, the ship's GPS blinks and alarms, showing the vessel miles off course. The crew has no idea their instruments have fallen prey to a sophisticated...

Tanker Collision Spills Paraffin Off Algeciras

Tanker Collision Spills Paraffin Off Algeciras

After a collision between a bulker and a chemical tanker near the Strait of Gibraltar on Friday, white balls of solid paraffin wax have been floating ashore near the port of Algeciras, Spain. The substance appears to be connected to the cargo released by the...

Two “Shunned” Cargo Ships Find Resolution to Disputes

Two “Shunned” Cargo Ships Find Resolution to Disputes

Two cargo ships have been making international headlines as they were shunned by ports and were being treated as “pariahs” endangering public welfare. Both ships, the Malta-registered general cargo ship Ruby and the Portugal-registered Kathrin, have...

Shipping and the Energy Transition

Shipping and the Energy Transition

Although the extreme demands of energy transition activists are receiving pushback from the public, the pressure for change remains. International forecasters point to the recent rapid growth of renewable energy as confirming that the transition is not merely underway...

UK Pursues Clean Shipping with EU Through Green Corridors

UK Pursues Clean Shipping with EU Through Green Corridors

The United Kingdom is living up to its promise to establish green shipping corridors to decarbonize the maritime sector. In December last year, the country made a pledge in the Clydebank Declaration at COP26 to establish six green shipping corridors by the middle of...

Maritime Crime and Piracy at Lowest Level in 30 Years

Maritime Crime and Piracy at Lowest Level in 30 Years

In the first nine months of 2024, reported incidents of piracy and armed robbery fell to the lowest levels since 1994, according to the latest report by the ICC International Maritime Bureau (IMB). Despite the lowest number of reported incidents in three decades, IMB...

Local News

DSV opens Singapore facility to boost logistics with Johor

DSV opens Singapore facility to boost logistics with Johor

Danish logistics giant DSV has launched a new facility in Singapore aimed at strengthening cross-border logistics with Malaysia. The Redlion2 facility will support the flow of goods across the Causeway and work in tandem with DSV’s Sunway City warehouse in Johor. The...

New tariff increases leave optical industry bracing for impact

New tariff increases leave optical industry bracing for impact

With letters having recently been sent from the White House to several US trading partners about tariff increases set to take effect on August 1, The Vision Council has noted “significant implications for the optical industry’s international supply chains and bottom...

Malaysia announces stricter plastic waste import rules

Malaysia announces stricter plastic waste import rules

Malaysia is set to introduce stricter new rules regarding imported plastic waste. From the 1st of July, imports of all plastic waste will be prohibited from entering the country, with the new law set to align the country with the Basel Convention, including the 2019...

Final warning for errant commercial vehicle operators

Final warning for errant commercial vehicle operators

PUTRAJAYA: Transport Minister Anthony Loke has announced that 11 freight transport companies were found to have over 1,000 unpaid summonses, while 17 express bus operators had more than 200 outstanding summonses each. One of the companies alone recorded over 22,000...

Cross-border e-commerce training boosts trade with ASEAN

Cross-border e-commerce training boosts trade with ASEAN

NANNING — At a fully automated production line in South China's Guangxi Zhuang autonomous region, cans of energy drinks rolled off conveyors, destined for shelves across China. Operated by Thai conglomerate TC Pharmaceutical Industries Co Ltd, this 1.3 billion yuan...

Husky Terminal launches shore power in Tacoma

Husky Terminal launches shore power in Tacoma

The Kuala Lumpur Express is a part of the new Gemini Cooperation in partnership with Maersk, and the nearly 9,000 TEU Hapag-Lloyd vessel was the first to plug in after completion of the commissioning phase....