Loss
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Maritime News
Zim Confirms Loss of Containership Attacked in Black Sea off Bulgaria
Officials in Bulgaria reported the Greek-owned containership Contship Jet, which was operating under charter to Zim, sank around midnight on…
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Maritime News
Baltic Index Hits Third Weekly Loss As Capesize Rates Remain Weak
The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday, extending…
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Marine World
Saudi Pipeline Outage Threatens Loss Of 4% Of Global Oil Supply
By Alex Lawler and Dmitry Zhdannikov LONDON, Sept 13 (Reuters) – Saudi Arabia will run out of oil stocks for exports if…
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Maritime News
War Risk Insurance Pays $11M for Loss of Mayuree Naree
The Thai shipping company Precious Shipping reports it has received a payment of $10.98 million on the war risk insurance…
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Maritime News
India Asserts Maintenance and Training Issues Caused MSC Elsa 3 Loss
A year after the MSC Elsa 3 containership sank off the coast of India, the Directorate General of Shipping filed…
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Maritime News
Hapag Issues Difficult Outlook Saying War is Creating Unsustainable Burden
Hapag-Lloyd became the first of the major carriers to offer a glimpse into the impact the industry faces as the…
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Port News
Maersk posts ocean loss, 1,000 job cuts as container boom unwinds
The dark clouds swirling around the container shipping industry intensified today with Maersk following Japan’s Ocean Network Express, in announcing…
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Maritime News
ONE Posts $88M Loss – Newbuild Deliveries Pressure Rates; Fleet Continues to Grow
Ocean Network Express (ONE) reported a net loss of $88 million for the third quarter of FY2025, as persistent fleet…
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Maritime News
Oil Prices Fall After Biggest Annual Loss Since 2020
Oil prices dipped on their first trading day of 2026 after registering their biggest annual loss since 2020 as investors weighed…
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Port News
Vitol mourns the loss of shipping CEO Kit Kernon
Oil-and-products trading giant Vitol today announced the passing yesterday of Kit Kernon, CEO of its shipping arm Vitol International Shipping…
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