Shipping audit services – Page 3

Indian Maritime Trade Unaffected By Red Sea Issues, Affirms Shipping Secretary

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The secretary of Ports, Shipping, and Waterways, T K Ramachandran, declared on Wednesday that Indian maritime trade with the rest of the world will remain unaffected by the developments in the Red Sea. Due to the most recent strikes by the Houthis, who are located in Yemen, the situation in the Bab-el-Mandeb Strait—a vital shipping …

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Panama-Flagged Bulk Ship Collides With Russian Mine In Black Sea, Two Injured

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Two crew members were hurt when a bulk ship flying the Panamanian flag collided with a Russian mine in the Black Sea while en route to the River Danube port for loading grain. The incident, which happened on Wednesday, is the most recent in a run of incidents in which civilian ships have come into …

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Due to security concerns, half of the container ships divert from the Red Sea, disrupting global trade

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Recent data from the industry indicates that 50% of the fleet of container ships that typically cross the Red Sea and the Suez Canal has avoided the route due to the potential for attacks. 299 ships with a total capacity of 4.3 million containers have either changed their intended path or plan to do so, …

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China’s COSCO Shipping Reveals the World’s Biggest Electric Containerships

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The 700TEU electric container ships N997 and N998, constructed on December 28 by COSCO Shipping Heavy Industry Co., Ltd., were acquired by COSCO Shipping Development. “Zhongyuan Haiyun Lvshui 01” and “Zhongyuan Haiyun Lvshui 02” are the world’s first electric container ships for the River-Sea Direct Service. This type of ship was independently researched, planned, and …

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Maersk pauses Red Sea sailings after Houthi attack on Singapore-flagged container ship

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Iranian-backed Houthi militants attacked a Maersk container vessel with missiles and small boats, prompting the company to pause all sailing through the Red Sea for 48 hours, Maersk said on Sunday (Dec 31). The crew of the Maersk Hangzhou crew was safe and there was no indication of fire onboard the vessel, which was fully …

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In The Face Of Escalating Houthi Attacks, BP Suspends Oil And Gas Shipments Across The Red Sea

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BP was the first oil corporation to suspend shipments in the Red Sea, citing a deteriorating security environment as a result of increased attacks by Yemeni rebels on ships sailing a route that accounts for 10% of all international commerce. Brent crude, the worldwide benchmark, finished the day 1.8% higher at $77.95 a barrel. The …

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Bulgaria Is Preparing To Negotiate With Somali Pirates Following The Hijacking Of The MV Ruen

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In response to the recent capture of the Bulgarian bulk carrier MV Ruen, which is listed under the Maltese flag, Bulgaria is preparing for discussions with Somali pirates. The yacht, which was detained last week, arrived off the coast of Puntland, Somalia, near Bander Murcaayo during the weekend. The Bulgarian prime minister announced that talks …

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Singapore And Japan Have Signed An Agreement To Build The World’s First Green And Digital Shipping Corridor

The World’s Largest Container Shipping Line Has Purchased A 49% Stake In Adani’s Ennore Terminal

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Adani Ports and Special Economic Zone Ltd (abbreviated the APSEZ) announced on Friday that it had entered into a second strategic partnership with Mediterranean Shipping Company’s (the MSC) arm, Terminal Investment Limited (abbreviated TiL), for the seamless operation of Adani Ennore Container Terminal Pvt Ltd (popularly known as the AECTPL). TiL is a partner of …

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In The Midst Of A Surge In Houthi Attacks, The United States And Its Allies Have Banded Together To Protect The Red Sea Route

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The US and its allies are trying to launch a global operation to protect ships passing through the Red Sea. The move was made in response to an increase in Houthi attacks, which prompted concerns about the safety of commercial transportation on this crucial waterway. Following intensive conversations prompted by the recent surge in armed …

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