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A Sea Of Shipping Containers
Maritime News

China-U.S. Box Rates Sail Past $20,000

By Roslan Khasawneh and Muyu Xu (Reuters) Container shipping rates from China to the United States have scaled fresh highs above $20,000 per 40-foot box as rising retailer orders ahead of...

12 seconds ago
Total Views: 0

Wednesday, August 4, 2021
Maritime Security

U.S. Believes Iran was Behind ‘Hijacking’ Incident in Gulf of Oman, But Can’t Yet Confirm

The United States believes Iran was behind Tuesday’s maritime security incident on board the Asphalt Princess in the Gulf of Oman, but it wasn’t yet in a position to confirm...

10 hours ago
Total Views: 558

Shipping

SFL Acquires Two Modern Containerships and Sells Vintage Feeders to MSC

NYSE-listed SFL Corporation (NYSE: SFL) has agreed to acquire two secondhand 14,000 TEU containerships backed by charters to a leading container line. The company described the vessels as modern eco-design...

11 hours ago
Total Views: 399

Royal Caribbean's Quantum of the Seas
Cruise Ships

Royal Caribbean Falls on Earnings Miss, Delta Variant

By Jonathan Levin (Bloomberg) — Royal Caribbean Cruises Ltd. tumbled after reporting second-quarter results that fell short of Wall Street projections and saying the delta variant of Covid-19 is having a...

15 hours ago
Total Views: 1474

Port of long beach
Shipping

U.S. Maritime Regulator Probing Legality of Carriers’ Congestion Surcharges

The U.S. Federal Maritime Commission has requested answers from eight ocean carriers regarding congestion-related surcharges they have either implemented or announced. The FMC says the information request is part of...

16 hours ago
Total Views: 705

golden ray oil spill
Shipping

Golden Ray Lifting Paused for Oil Spill Clean-Up

Work to lift the latest section of the Golden Ray has been put on hold as responders continue to clean-up an oil spill that was first reported at the site...

16 hours ago
Total Views: 617

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Wednesday, August 4, 2021
Accidents

Beirut Marks One Year Since Catastrophic Port Explosion

BEIRUT, Aug 4 (Reuters) – Thousands of Lebanese gathered in Beirut on Wednesday to mark the first anniversary of a catastrophic explosion at the port, holding pictures of the dead...

17 hours ago
Total Views: 699

Hurricane Elsa
Weather

NOAA: Conditions Remain for Above-Average Atlantic Hurricane Season

With five named storms on the books already this year, forecasters are continuing to call for an above-average Atlantic hurricane season as conditions remain ripe for storm development. “After a...

18 hours ago
Total Views: 414

Joe Biden and Kamala Harris
Navy

Kamala Harris To Focus On Freedom Of Navigation At Sea

By Nandita Bose (Reuters) Vice President Kamala Harris will focus on defending international rules in the South China Sea, strengthening U.S. regional leadership, and expanding security cooperation during her trip to...

21 hours ago
Total Views: 1049

Radiance at Hubbard Glacier - Alaska
Cruise Ships

Royal Caribbean To Fully Resume Cruises In 2022 Despite Delta Surge In Florida

Royal Caribbean International, which operates the biggest cruise ships in the world, including “Symphony of the Seas,” said on Tuesday it will restart sailing in September, and the complete fleet of ships...

24 hours ago
Total Views: 576

Asphalt Queen tanker
Maritime Security Incidents

Boarders Exit Asphalt Princess Off UAE

DUBAI, Aug 4 (Reuters) – Oman on Wednesday identified the Panama-flagged Asphalt Princess as the tanker involved in a hijacking which Britain’s maritime trade agency earlier said was over. The...

August 4, 2021
Total Views: 1425


Tuesday, August 3, 2021
Indian Naval Fleet Underway
Navy

Indian Navy Task Force Departs For South China Sea

By Sanjeev Miglani (Reuters) – India is sending a naval task force to the South China Sea this month to expand security ties with friendly countries, officials said on Wednesday,...

August 3, 2021
Total Views: 1234

wind turbine
Offshore

US Wind Seeks Approval for Wind Farm off Maryland

By Josh Saul (Bloomberg) — US Wind Inc. has submitted a bid to Maryland regulators to build a massive wind farm off the state’s shoreline, the latest proposal for such projects...

August 3, 2021
Total Views: 826

MSC Gayane
Shipping

Two More MSC Gayane Crew Members Sentenced to Prison for Role in Record-Setting Drug Bust

Two former crew members of the MSC Gayane have been sentenced to prison for their roles in a plot to smuggle an estimated $1 billion worth of cocaine through the...

August 3, 2021
Total Views: 2988

Asphalt Queen tanker
Shipping

Tanker Seized by Suspected Iranian-Backed Forces in Arabian Sea, Maritime Sources Say

By Lisa Barrington and Jonathan Saul DUBAI/LONDON, Aug 3 (Reuters) – Iranian-backed forces are believed to have seized an oil tanker in the Gulf off the coast of the United...

August 3, 2021
Total Views: 9955

Shipping

From Sail to Steam to … the Stars? How Innovation in the Commercial Space Industry is Impacting the Maritime Sector and Coast Guard

By Sean T. Pribyl (Holland & Knight) – On July 21, 2021, U.S. Coast Guard Commandant Admiral Karl L. Schultz testified to Congress on a discreet budget issue that one may have...

August 3, 2021
Total Views: 1271

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Tuesday, August 3, 2021
Containership docking Port of Long Beach
Shipping

More Complaints Against ‘Profiteering’ Carriers Expected as Shippers’ Costs Soar

By Nick Savvides (The Loadstar) Following its formal complaint to the Federal Maritime Commission(FMC) last week, Pennsylvania home décor firm MCS Industries CEO Richard Master has told The Loadstar why the company felt it had...

August 3, 2021
Total Views: 1350

mercer street
Maritime Security

Israel Flags ‘Hard Evidence’ That Iran Struck Mercer Street Tanker as Mideast Tensions Rise

By Alisa Odenheimer and Verity Ratcliffe (Bloomberg) — Israel said it had given allies “hard evidence” that Iran was behind last week’s deadly attack on a tanker in the Gulf of...

August 3, 2021
Total Views: 1319

one apus
Accidents

Shipping Losses Hit Record Low in 2020, But Risks and Challenges Abound -Report

The number of total losses in shipping hit record low levels in 2020, but risks and challenges on several fronts pose a threat to safety, according to marine insurer Allianz...

August 3, 2021
Total Views: 929

Miami Pilot Boat Underway With Maersk Kentucky
Finance

Maersk Raises Stock Guidance As Freight Rates Jump 59%

by Nikolaj Skydsgaard (Reuters) The world’s biggest container shipping company, A.P. Moller-Maersk, on Monday lifted its full-year earnings outlook after reporting strong preliminary quarterly results as chaotic conditions in the...

August 3, 2021
Total Views: 435

German Navy Frigate F 217 Bayern
Navy

German Navy Departs For First South China Sea Patrol In Decades

Germany sent a warship to the South China Sea for the first time in almost two decades.

August 3, 2021
Total Views: 1578