OFAC has imposed sanctions on the International Bank of Yemen (IBY) and three of its senior executives, accusing the bank of providing financial support to the Iran-backed Houthi forces.

Angelakos recently disclosed that its backlog of orders includes eight kamsarmax bulk carriers, which will be respectively constructed by Nantong COSCO Shipping Kawasaki (Nacks) and Dalian COSCO Shipping Kawasaki (Dacks).

Hengli Heavy Industry has officially signed a contract with Mediterranean Shipping Company (MSC), the world's largest container shipping company in terms of capacity, for the construction of six 22,000 TEU LNG dual-fuel container ships.

South Korea's flagship liner company, HMM, after increasing its fleet size by approximately 50% through another South Korean Shipping giant, SK Shipping, is currently planning to order more container ships.

Maersk has warned its customers that as congestion at Nordic ports continues to rise, the problem of chaotic shipping schedules is likely to intensify.

All container terminals of Suzhou Port will provide free storage services for heavy containers imported and exported by foreign trade enterprises in the city for a period of three months.

All ports in Japan went on a 24-hour strike on April 20th and a 48-hour strike from April 26th to 27th.

Ningbo Shipping has for the first time incorporated Sihanoukville Port, the largest deep-water port in Cambodia, into its international shipping route map.

Shipping companies have also intensified their efforts to control shipping space by suspending services to safeguard freight rates, resulting in a recent trend of slight fluctuations and mixed ups and downs in freight rates.

A major shift in container shipping, marked by record capacity and unexpected freight rate increases, points to the potential for serious disruption in the near term.