US sends submarine to Middle East as tensions grow
The US has sent a guided missile submarine to the Middle East, as tensions grow in the region. Defence Secretary Lloyd Austin also said...
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SHIPPING
- Aug 6
- 2 min
Groundbreaking low-carbon sailing cargo ship marks milestone in sustainable maritime transport
KR delivered a groundbreaking low-carbon sailing cargo ship, SV Juren Ae, to the Marshall Islands Shipping Corporation (MISC) on 31 July....
- Mar 26
- 2 min
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...
- Jan 3
- 2 min
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...
- Oct 27, 2023
- 2 min
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...
- Aug 22, 2023
- 3 min
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,...
- Aug 21, 2023
- 4 min
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...
- Aug 18, 2023
- 3 min
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...
- Jul 6, 2023
- 3 min
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...
- Apr 6, 2023
- 4 min
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...
- Mar 22, 2023
- 2 min
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...
- Mar 13, 2023
- 6 min
‘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...
- Feb 7, 2023
- 4 min
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....
- Jan 17, 2023
- 1 min
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...
- Dec 16, 2022
- 3 min
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...
- Dec 15, 2022
- 2 min
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...
- Dec 14, 2022
- 4 min
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....
- Dec 9, 2022
- 2 min
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...
- Dec 1, 2022
- 1 min
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...
- Nov 25, 2022
- 1 min
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...
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