Knutsen takes full ownership of Level Offshore
Norway’s Knutsen Group has become the sole owner of offshore recruitment agency Level Offshore by buying out its partner DeepOcean for an undisclosed sum. Level Offshore was founded in 2018 as a 50/50 joint venture between DeepOcean and Knutsen to source temporary and permanent personnel for DeepOcean and has since broadened its customer and contractor […]
FreightdayFact #13/2025 – Demurrage & Detention
Because every Friday deserves a #FreightFact.. This site’s motto has always been SEEK * LEARN * KNOW * GROW, wherein we learn from and empower each other about our industry. To enable this knowledge and understanding and to kick off the New Year 2025, I started sharing a “FreightdayFact” every Freightday, I mean Friday, on LinkedIn (so […]
Ukraine’s Black Sea Cargo Volumes on the Rise
Ukrainian ports increased the volumes of freight by more than 77% in 2024 as the success of the Black Sea operations was translated into real on-the-water freight exports and imports from the southern Ukrainian cluster of terminals. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your […]
Persistent tensions in Red Sea as US forces pound Houthi targets
As of March 2025, the situation in the Red Sea remains highly volatile due to ongoing Houthi attacks and continuous US military strikes on Houthi positions in Yemen. This content is locked Select a CN Premium Subscription Package To Unlock The Content! Remember Me Lost your password? Don’t have an account? Register If you liked […]
Russian reefer ship suffers engine room blast
Fire broke out on a Russian reefer ship shortly after it departed from South Korea’s Busan port on 26 March. Korea Coast Guard’s Busan branch said that its patrol vessel detected flames on the 1993-built Crystal Asia around 7 am local time. At the time, the ship was 8km south of Busan’s Gamcheon sub-port. All […]
CK Hutchison pulls back from Panama ports sale?
Hong Kong-based conglomerate CK Hutchison, headed by magnate Li Ka-shing, will not proceed with signing a deal next week to sell its two key ports at the Panama Canal to the MSC/BlackRock consortium, according to recent reports. Although the signing of the agreement was initially scheduled for April 2, following an announcement on March 4, […]
Smart containers’ role in tackling the costly rise in container security risks
Developments in smart container technology are revolutionising how shipping lines and key stakeholders better detect, deter and respond to threats from drug smuggling and cargo theft, writes Christian Allred, Chief Commercial Officer of ORBCOMM Drug smuggling, cargo contamination, and cargo theft have surged in recent years, creating significant challenges for the shipping industry. These illicit […]
Yang Ming purchases three 8,000 TEU methanol dual-fuel boxships
Yang Ming is advancing its fleet optimization strategy with the acquisition of three 8,000 TEU methanol dual-fuel-ready container ships from Shoei Kisen Kaisha. Currently under construction at Japan’s Imabari Shipbuilding, the vessels are set for delivery between 2028 and 2029. The Taiwanese ocean carrier plans to add up to 13 container ships with a capacity […]
The Fleeting Nature of Tweets Shows Whether Deleted Posts Truly Disappear
Real-time thoughts and news updates along with fleeting opinions have been the cornerstones of Twitter which later became known as X since its inception as a social media platform. The instant shareability of short concise tweets permits spontaneous message sharing. User doubts lead them to activate the delete button on their content. The digital footprint […]
PSA sets new container throughput record despite declining profits
PSA International handled 100.2 million TEUs in 2024, representing a growth of 5.6% compared to the same period in 2023. PSA Singapore contributed 40.9 million TEUs, and PSA terminals outside Singapore delivered a total throughput of 59.2 million TEUs, both increasing 5.5% and 5.7%, respectively, from the previous year. Additionally, PSA Group boosted revenues by […]