Severe shipyard overcapacity in China has prompted the National Development and Report Commission's Jiangsu province to cancel work on 23 projects. The projects included construction of new docks, offshore vessels, facility conversion projects and additional expansions.
The Panama Canal Authority (ACP) has set a new historical tonnage record, welcoming 340.8 million Panama Canal tons (PC/UMS) through the canal in the 2015 fiscal year.
The Nicaragua Canal project has been dealt another setback amid reports that construction will not begin until the first quarter of 2016 due to environmental mitigation measures.
Annual reporting from BSR's Clean Cargo Working Group indicates that average CO2 emissions per container per kilometer for global ocean transportation routes have declined by 8.4 percent from 2013 to 2014 and by more than 29 percent since 2009.
The U.S. Army Corps of Engineers has given its final substantive approval for the deepening of South Carolina's Charleston harbor to accommodate post-Panamax container ships.
New York reinsurance broker Guy Carpenter & Company has estimated that it could cost $3.3bn to cover the extent of losses associated with the Tianjin explosions.
The Swedish government has proposed a tonnage tax system that means Swedish shipping companies will operate under competitive conditions similar to companies in other countries in Europe. The tonnage tax would be introduced in summer 2016.