$186m FMC claim: Samsung takes CMA CGM to the wall
Samsung Electronics America files FMC complaint over 121,000 disputed charges from 2020 onwards.
Business
Business news maritime ports
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Business
MSC Halts Novorossiysk Bookings After Drone Strike on 2,700-TEU Ship
World’s largest carrier suspends Black Sea port calls following attack on Panama-flagged MSC Ulsan III
Business
Hafnia books $13.3m profit as it exits tanker joint venture
Product tanker owner sells 50% stake in H&A Shipping, continuing fleet reshaping strategy
Business
Seaspan breaks dollar dominance: first P&I calls in renminbi
The Canadian containership lessor settles protection and indemnity premiums in RMB for two 14,000 teu newbuildings.
Business
Black Sea Blockade Sends Wheat Prices to Three-Year High
Ukrainian exports collapse by 80% in August as 70 ships queue at Sulina Canal
Business
Frontline locks in $235m VLCC windfall as rates hit 15-year high
Frontline secures four VLCC charters at up to $120,000 per day, capitalising on a red-hot market.
Business
21 US logistics firms collapse in a month: who’s next?
From single-truck carriers to national distributors, 21 firms filed for Chapter 7 or 11 between late July and August 25.
Business
$5.3m Canal Bid Shatters Record as Drought Chokes Panama Trade
SK Gas pays highest-ever fee to secure a slot for its LPG carrier G. Spirit.
Business
70 Ships Stranded: Ukraine’s Grain Exports Face $8,000 Daily Delay Costs
Over 70 vessels are stuck near Romania’s Sulina Canal as Russian attacks force Ukraine to reroute grain exports through.
Business
BW LPG unlocks $128m selling ageing VLGCs as newbuild spree nears $1bn
The Oslo-listed owner sells two 2007-built gas carriers for $64m each, booking $73m in gains.
Business
Panama Canal’s $5.3M Slot Auction: How LPG Traders Are Burning Cash
SK Gas smashes its own record—again—as LPG traders pay millions to skip the queue.
