MARITIME Strategies International's (MSI) Adam Kent said recently in a recent podcast episode that the container sector is heading for a short, sharp, hard landing as the supply chain normalizes and large amounts of new tonnage hits the water, From historic highs just a year ago container freight spot rates have been falling by 10 per cent a week over the last month as the traditional peak season failed to materialize and lines have scrambled to blank services in the run up Golden Week in China, reports UK's Seatrade Maritime News

Bulkcarrier hard aground at Kokkala

Irving Shipbuilding Inc. is waiting for word on a major shipbuilding deal that is expected on Wednesday — the culmination of three years of actively lobbying federal officials for the $35-billion deal.

The 11,356 TEU container ship CMA CGM large Libra sits remains of a plot by Racon M fired off the Chinese port of Xiamen. A Danish ship passed the site on Wednesday and took the above picture.

THIS was the first year in a more than a generation that every shipping sector has been simultaneously depressed with no rescue in sight, reports the American Journal of Transportation.

The 'Harriet' ran aground at the West coast of Mudyug island in the White Sea in the afternoon of March 15 , 2018