In accordance with the assessment of Drewry Supply Chain Advisors, the container rates this week continued the decreasing tendency. As it is mentioned, their composite World Container Index decreased by 7% to $1,959 per 40-foot container.

The U.S. and Russia have agreed Thursday to reestablish high level military-to-military dialogue for the first time in more than four years, in another sign of warming relations between the two countries and a move towards normalizing some ties between the United States and Russia.

The new joint venture Albireo between the German shipowner and ship manager will manage 800 seafarers on around 90 vessels

The contract represents the largest order for a single type of vessel at the Chinese yards

Raytheon has been selected by the US Defense Advanced Research Projects Agency (DARPA) to develop a new sensing and targeting system aimed at protecting commercial shipping and naval logistics vessels from emerging maritime threats.

Zhonggu Logistics has continued to build out its orderbook, lining up two post-panamax boxships at China Merchants Jinling Shipyard.

An explosion and subsequent fire have hit the MSC-operated container ship MSC Giada III while the vessel was approaching St Petersburg in Russia’s Neva Bay, according to vessel tracking data and regional response activity.

Refrigerated containership Baltic Spirit was detained and searched, but released when no drugs were discovered (Cool Carriers file photo)

The Solong burned for days with the prosecution arguing the collision was avoidable, endangered both crews, and killing the one seafarer