Yang Ming Chiefs Deny Extra Bonus Amid Doubled Q1 Profits
Yang Ming has denied media reports that its chairman and GM, Cheng Cheng-mount and Patrick Tu, paid themselves an ex-gratia bonus after the Taiwanese operator’s earnings began
Baltimore Plans Explosive Demolition for Collapsed Bridge
The task force working on the restoration of full access to the port of Baltimore is going explosive. Yesterday, the Key Bridge Response 2024 Unified Command announced it would be
FBI Investigates Criminal Case in Baltimore Bridge Disaster
The investigation of the Baltimore bridge disaster may be turning into a criminal case. An FBI team boarded the containership Dali as the bureau launched a probe into whether the c
Shipping Line Prospects Improve After Tough Fourth Quarter
The last three months of 2023 were some of the worst for liner shipping’s finances in recent years, with the cumulative loss among carriers amounting to $700m, according to new a
Disruption Warning for Roads, Trains, Ports Due to Pro-Palestine Protests
Police and shipping operators are bracing for parts of the city and the Port of Melbourne – Australia’s busiest port – to be shut down on Monday as part of a global protest o
Navigating the Waves: Global Events & Sea Freight Rates
Have you ever tossed a stone into a pond and watched the ripples spread out far and wide? Just like that stone’s impact on the water, global events can send waves through the
EVENT: 26-27th March 2024 Trade Opportunities for Australia, US and Mexico Nearshoring in North America
Across The Ocean Shipping Pty Ltd., The Embassy of Mexico in Australia, Bryan Gonzalez Vargas y Gonzalez Baz and the United States-Mexico Chamber of Commerce cordially invite you t
Canal Issues Stir Global Shipping Disruption
More than 50 ships queued to cross the Panama Canal on a recent day—from tankers hauling propane to cargo ships packed with food. A prolonged drought has led the canal’s operat
US Mulls Sanctions on Yemen Over Red Sea Attacks
The US Federal Maritime Commission (FMC) is considering what retaliatory measures, if any, it can take against Yemen for the attacks on shipping from its shores. This month, the FM
Red Sea War-risk Insurance Premiums Surge 900% Due to Attacks
War-risk premiums may have increased by as much as 900% since the Houthi attacks on shipping in the Red Sea began. This is one of several troubling predictions in a United Nations
