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The looming US port fee regime aimed squarely at Chinese-linked tonnage could saddle COSCO and its Hong Kong-listed subsidiary OOCL with a combined bill of more than $2.1bn in 2026, according to fresh calculations from HSBC. The US Trade Representative (USTR) is due to impose port fees from October 14, though the final rules remain …
https://splash247.com/hsbc-warns-cosco-and-oocl-face-2-1bn-hit-from-looming-us-port-fees/
https://splash247.com/hsbc-warns-cosco-and-oocl-face-2-1bn-hit-from-looming-us-port-fees/The Thamesborg, a 12-year-old, 21,359 dwt Dutch general cargo ship, ran aground in the Canadian Arctic over the weekend. The ship ran into difficulty while transiting the remote Franklin Strait with Canadian authorities quick to attend the scene. At around midnight UTC, the ice-class freighter grounded on its transit from Lianyungang, China, to Baie-Comeau, Quebec, …
https://splash247.com/dutch-ship-grounds-in-canadian-arctic/
https://splash247.com/dutch-ship-grounds-in-canadian-arctic/Despite misdeclared cargoes making more and more headlines, leading to deaths and vessel losses, new data published today shows more than one in 10 shipments have deficiencies, an alarming upward trend. The World Shipping Council (WSC), liner shipping’s lobby group, has released a new report summarising deficiencies found in government cargo inspection programmes, reviving a …
Geopolitical conflicts and shifting trade patterns are redefining risks and opportunities for the marine insurance sector. Opening this year’s International Union of Marine Insurance (IUMI) conference in Singapore, IUMI president Frédéric Denèfle warned that marine insurers are facing significant change as the world approaches the end of an era of seamless globalisation. Denèfle reflected on …
https://splash247.com/the-end-of-globalisation-is-fast-approaching-iumi-president/
https://splash247.com/the-end-of-globalisation-is-fast-approaching-iumi-president/China's military on Saturday said its forces had followed and warned a Canadian and an Australian warship, which were sailing through the sensitive Taiwan Strait, in a move it criticised as a provocation.The People's Liberation Army's Eastern…
https://www.marinelink.com/news/china-criticises-canadian-australian-529692
https://www.marinelink.com/news/china-criticises-canadian-australian-529692Mexico's top prosecutor said on Sunday that authorities have so far detained 14 people suspected to be involved in the illicit trade of fuels, reiterating that more actions would follow as new information comes to light.On March 19, authorities seized a petroleum tanker in the Port of Tampico…
https://www.marinelink.com/news/mexicos-top-prosecutor-vows-action-fuel-529693
https://www.marinelink.com/news/mexicos-top-prosecutor-vows-action-fuel-529693Homeland ministers from Britain, the United States and the other "Five Eyes" alliance will announce new measures this week to increase border security and target people smugglers, British interior minister Shabana Mahmood said on Sunday.The…
https://www.marinelink.com/news/five-eyes-ministers-discuss-smashing-529694
https://www.marinelink.com/news/five-eyes-ministers-discuss-smashing-529694Five people were killed and another severely wounded when a boat carrying migrants hit a Turkish coast guard vessel off northwest Turkey on Sunday, a local governor's office said, adding a search operation was underway for a missing person.In a statement…
https://www.marinelink.com/news/five-killed-migrant-boat-hits-coast-guard-529695
https://www.marinelink.com/news/five-killed-migrant-boat-hits-coast-guard-529695The Global Ethanol Association (GEA) has officially launched as an independent, non-profit international organization headquartered in Switzerland.GEA’s mission is to unite resources and expertise, foster cross-sector collaboration, and amplify…
https://www.marinelink.com/news/global-ethanol-association-launches-529697
https://www.marinelink.com/news/global-ethanol-association-launches-529697Kongsberg Maritime has developed a simplified mooring system for offshore floating structures. Building on its patent-pending integrated tensioning and remote pull-in technologies, the company is now focused on reducing cost, complexity, and…
https://www.marinelink.com/news/kongsberg-maritime-develops-simplified-529698
https://www.marinelink.com/news/kongsberg-maritime-develops-simplified-529698