Maritime and shipping news covering container lines, ports, freight rates, shipbuilding, and global trade routes.
The U.S. military reports nearly 1,000 commercial vessels transited the Strait of Hormuz in the last two months, about 17 per day, indicating the waterway is more open than previously thought. The U.S. Navy established an alternate route along Oman's coast after mine-clearing operations in April, bypassing the IRGC-controlled lane.
Argentina awarded a 25-year contract to Belgian dredger Jan de Nul NV to deepen and maintain the Parana River shipping lane, requiring about $10 billion in investment. The project aims to expand the key trade artery from Buenos Aires to Rosario, amid US-China rivalry in Latin America.
The UK Maritime and Coastguard Agency unveiled new international rules for autonomous cargo ships, addressing safety and regulatory challenges. The regulations are expected to be adopted by the International Maritime Organization.
Tom Nicholson Jr admitted at Hamilton Sheriff Court to failing to provide adequate food and rest for foreign seamen aboard the Sea Lady scallop dredger in 2017. Five Ghanaian men were not given sufficient food, training, or safety instructions. The case follows a BBC documentary alleging modern slavery.
German shipping firm Hapag-Lloyd hired former IDF Chief of Staff Gabi Ashkenazi to help secure its $4.2 billion bid for Israel's Zim. Shareholders approved the sale, but it needs Defense Ministry approval over security concerns.