“Two steps forward and one step back!” That was the message from Royal Caribbean International CEO Michael Bayley after the company postponed the

By Tony Capaccio (Bloomberg) Textron’s $TXT construction of a new hovercraft for the U.S. Marine Corps, which had been plagued by propeller cracks, gear

South Korean shipyards and shipowners will raise billions of dollars via new stock market listings later this year. The yards hope to capitalize on the start

By Laura Millan Lombrana (Bloomberg) Floating drones inspired by whale sharks and four-wheeled robots that resemble the Mars rover are among the latest

By Nichola Groom June 15 (Reuters) – A federal judge in Louisiana on Tuesday blocked the Biden administration’s pause on oil and gas leasing on

Japanese shipping company NYK has announced plans to build a dozen LNG-fueled pure car and truck carriers (PCTCs) with deliveries starting in 2025. The company

The Port of Los Angeles processed over 1 million twenty-foot equivalent containers in May for a new Western Hemisphere record. Port of Los Angeles Executive

Cutting operations on the Golden Ray wreck have been paused once again to allow for maintenance on the wreck removal equipment, the incident command said in

Concerns are mounting amid shocking revelations that ports are increasingly refusing to repatriate deceased seafarers’ bodies under the the guise of

By Mike Wackett (The Loadstar) – Yet another ocean carrier has fallen foul to a cyber-attack: this time it is South Korea’s HMM, which today

By Allison McNeely (Bloomberg) — Transocean Ltd. is planning to raise cash and cut debt by selling new shares, taking advantage of a surge in its stock

Analyzing past events and anticipating the impact of weather tomorrow Press Release –Spire Global, Inc. (“Spire” or the “Company”), a leading global

By Irene García Pérez and Luca Casiraghi (Bloomberg) — Mark Spehn couldn’t join billionaire Idan Ofer at his seaside villa north of Tel Aviv for a

Press Release – The technology group Wärtsilä is active in its support for a co-programmed partnership between the European Commission and the

Press Release – Chevron Marine Lubricants will boost its presence in African ports after extending its joint venture with Akwa Group. Chevron is now an

By Roslan Khasawneh (Reuters) – Hong Kong providers of shipping services are breathing a sigh of relief after authorities announced they would ease

U.S.-listed containership owner and charterer Costamare Inc. (NYSE: CMRE) announced the acquisition today of 16 dry bulk vessels, marking a new sector for the

Private shipyards in the United States support $42.4 billion in gross domestic product and provide more than 107,000 direct jobs, according to new report

By Ari Rabinovitch JERUSALEM, June 14 (Reuters) – The first cargo ships from Dubai that docked last year in the Mediterranean port of Haifa

How bad is the container shipping crisis? So bad that The Home Depot has chartered its own ship. This isn’t a joke. Between soaring freight rates, a lack