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Cargo ship hits Baltimore’s Key Bridge, bringing it down. Rescuers are looking for people in water
A container ship rammed into a major bridge in Baltimore early Tuesday, causing it to snap in a few places and plunge into the river...
icarussmith20
Mar 26, 20242 min read


Maersk halts Red Sea shipping until further notice after Houthi militant attack
Maersk will pause all shipping through the Red Sea and Gulf of Aden until further notice after one of its vessels came under attack from...
icarussmith20
Jan 3, 20242 min read


Airbus Wants New Boats To Cut CO2 From Transatlantic Sub Assembly Transport
As the aviation industry looks for new and unique ways to meet emissions goals, European aircraft manufacturer Airbus has unveiled its...
icarussmith20
Oct 27, 20232 min read


Wind-powered cargo ship sets sail in a move to make shipping greener
August 21, (CNN) - A large red cargo ship named Pyxis Ocean set out on its maiden voyage this month. But unlike most others before it,...
icarussmith20
Aug 22, 20233 min read


Focus: Historic drought, hot seas slow Panama Canal shipping
LOS ANGELES/HOUSTON, Aug 21 (Reuters) - Before the Ever Max ship carrying lava lamps, sofas, Halloween costumes and artificial Christmas...
icarussmith20
Aug 21, 20234 min read


U.S. Importers Are Managing This Summer’s Higher Shipping Costs
This year, container shipping companies have managed to recover from a significant decrease in freight rates. However, according to...
icarussmith20
Aug 18, 20233 min read


Airfreight market “getting pretty nasty” as rates fall
Airlines are offering lower airfreight rates to avoid losing volumes despite data showing that demand declines have bottomed out. The...
icarussmith20
Jul 6, 20233 min read


Analysis: Western curbs on Russian oil products redraw global shipping map
NEW DELHI/LONDON, April 6 (Reuters) - Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions...
icarussmith20
Apr 6, 20234 min read


Global freight slump deepens at the start of 2023
LONDON, March 21 (Reuters) - Global freight movements continued to dwindle in the first two months of 2023 as manufacturers and...
icarussmith20
Mar 22, 20232 min read


‘Hard to ignore Julie Su’: Biden’s labor secretary pick fights for confirmation
Julie Su has come a long way since she first made headlines in 1995 when she, then just 26 years old, was lead lawyer for 72 Thai workers...
icarussmith20
Mar 13, 20236 min read


Shipping lines return to proven power of wind
Use of rotor sail technology set to boom as new carbon efficiency regulations force change Shipping is going back to the future....
icarussmith20
Feb 7, 20234 min read


China's COSCO SHIPPING Holdings to pay over $800 mln for 5.8% stake in COFCO Fortune
BEIJING/HONG KONG, Jan 17 (Reuters) - China's COSCO SHIPPING Holdings (601919.SS) has agreed to pay 5.5 billion yuan ($814 million) to...
icarussmith20
Jan 17, 20231 min read


Why is Maersk shaking things up at the executive level?
Shipping giant A.P. Moller-Maersk has confirmed the appointment of Vincent Clerc as its new chief executive officer as they prepare to...
icarussmith20
Dec 16, 20223 min read


US government sues Arizona governor for using shipping containers as barrier on Mexico border
The US government has sued Republican governor Doug Ducey and the state of Arizona for building a wall with shipping containers along...
icarussmith20
Dec 15, 20222 min read


Protesters block construction of Arizona border wall made of shipping containers
What started as a small demonstration has turned into a two-week standoff as residents and environmentalists fight outgoing Arizona Gov....
icarussmith20
Dec 14, 20224 min read


Deepening Turkey tanker logjam snarls Russia oil sanctions
ISTANBUL, Dec 9 (Reuters) - Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil...
icarussmith20
Dec 9, 20222 min read


The container-shipping industry's era of crazy-high profits has finally peaked
Container-shipping profits have soared during the pandemic to levels that industry veteran John McCown has variously described as...
icarussmith20
Dec 1, 20221 min read


Oil Freight Boom Makes $1 Million Waiting Bills More Common
With soaring shipping costs comes soaring bills for ships doing nothing. In the oil-tanker market, day rates for delayed vessels -- think...
icarussmith20
Nov 25, 20221 min read


The global shipping industry is facing a new problem — too many containers
While there was a shortage of containers at the height of the Covid pandemic, the global economy is now facing the opposite problem: too...
icarussmith20
Nov 11, 20223 min read


World’s largest container shipping firm Maersk, a barometer for global trade, warns of ‘dark clouds
Maersk, the world’s largest container shipping firm, on Wednesday posted record profit for the third quarter on the back of high ocean...
icarussmith20
Nov 2, 20222 min read
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