HMM Approves Busan Headquarters Move
6, May 2026
HMM will relocate its headquarters from Seoul to Busan North Port after labor union approval, reinforcing Busan’s role in South Korea’s maritime and container shipping sector.
shipping industry
Suez Canal Sees Early Traffic Uptick as Security Conditions Improve
19, November 2025
Suez Canal traffic is beginning to rise as carriers reassess Red Sea routes following the pause in Houthi attacks. Recent transit data and direct engagement by the Suez Canal Authority highlight a measured return of vessel movements.
BIMCO Develops Standard Clause to Address China’s New Port Fees
22, October 2025
BIMCO is preparing a standard clause in response to China’s new “Special Port Fees” applicable to vessels with U.S. links, aiming to reduce contractual risk for the shipping industry.
US Threatens Visa and Trade Sanctions Over IMO’s Net-Zero Policy
12, October 2025
The U.S. has issued a warning that it may impose visa and trade sanctions on countries supporting the IMO’s net-zero shipping agenda, citing economic and sovereignty concerns.
