galaxy leader Sea News

Hijacked ship ‘Galaxy Leader’ becomes tourist attraction

In a surprising twist, the Japanese-managed cargo vessel, “Galaxy Leader,” found itself in the spotlight after being seized by Yemeni Houthi rebels in the Red Sea on November 19. What initially posed a threat of heightened regional tensions has taken an unusual turn, with the hijacked ship turning into an unconventional gathering hub for the […]

U.S. imports showed signs, Charter Market Sea News

US Imports Rebound in March Despite Decrease in Cargo from China

In March, U.S. imports showed signs of recovery, increasing from February. However, the future remains uncertain. New data reveals that wholesale inventories are still high and cargo from China is decreasing. Descartes’ data shows that U.S. imports in March were 1,853,705 twenty-foot equivalent units. This is a 27.5% decrease from the previous year but a […]

US FLAG merchant fleet
Sea News Shipping Industry

Downward trend of US FLAG merchant fleet has stabilized but

According to the U.S. Department of Transportation, as of September 31, 2021, there were 180 U.S. flag vessels in the oceangoing self-propelled fleet of 1,000 gross tons and above. This fleet includes 79 privately-owned vessels that are engaged in international trade and 101 vessels that are either owned or operated by the U.S. government or […]

msc, sopep meaning in maritime, meaning of sopep Sea News

MSC Ship Put On Ban by AMSA for 90 Days

Due to poor performance and critical maintenance issues reported by MSC Shipmanagement, the Australian Maritime Safety Authority (AMSA) has denied entry to the Liberian-flagged containership “MSC KYMEA II” in Australian ports for 90 days. AMSA conducted an inspection of the vessel, which was built in 2006, and identified 21 deficiencies, including defective fire safety systems, […]