container ship

While the massive ships are owned by companies based in major countries, most of them are registered in countries such as Panama, Liberia, the Marshall Islands, Palau etc.

Around one fifth of global crude flows through the strait, where insurance costs once stood at 0.25 per cent of vessel value but are now rising sharply, threatening overall voyage economics and wider energy markets.

By 26th May, the nitric acid leak had triggered a fire, which burned uncontrollably for 11 days, despite efforts by the Sri Lankan Navy, Air Force, and international salvage teams.

Despite opposition from workers, political parties and even the army, the interim govt in Bangladesh intends to go ahead with handing over the operations of a new mooring container terminal at Chittagong port to Dubai based DP World

Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved setting up a major port at Vadhavan near Dahanu in Maharashtra.

Reports say the crew has been unable to leave due to visa restrictions, a lack of requisite shore passes, and concurrent continuing investigations by the National Transportation Safety Board (NTSB) and the FBI.