The dramatic surge in ocean freight container shipping rates appears to be reaching its peak as importers push back against rising spot rates, according to

The Nimitz-class aircraft carrier USS Dwight D. Eisenhower (CVN 69) (IKE) returned to Naval Station Norfolk on July 14, 2024, following a historic nine-month

CAIRO, July 14 (Reuters) – Kuwait Petroleum Corporation (KPC) said on Sunday it had made a “giant” oil discovery in the

By Alex Longley, Julian Lee and Jack Wittels (Bloomberg) — Greece is again extending the naval drills that have largely deterred transfers of Russian

SINGAPORE, July 15 (Reuters) – Sales of marine bunker fuel at Singapore climbed 8.5% in the first half of 2024, official data showed on Monday, as

(Bloomberg) — Some of the biggest names in shipping are betting billions of dollars on tankers to transport a type of ammonia that’s scarcely being

LOS ANGELES, July 15 (Reuters) – The cost to ship a standard 40-foot container of toys, auto parts or other goods from Shanghai to New York has

Product tanker operator TORM has agreed to acquire agreed to acquire eight second-hand Medium Range (MR) tankers for $340 million. Delivery of these vessels is

CAIRO, July 14 (Reuters) – Yemen’s Houthis said on Sunday they had conducted two military operations, one in the Gulf of Aden and one in

ATHENS, July 14 (Reuters) – The EU naval mission protecting ships crossing the Red Sea said that its frigate Psara had destroyed an unmanned aerial

By Bloomberg News Jul 14, 2024 (Bloomberg) –Chinese and Russian naval forces recently conducted another round of joint exercises, according to

By Borges Nhamire, Matthew Hill and Mbongeni Mguni Jul 13, 2024 (Bloomberg) –Three southern African nations signed a deal to proceed with a rail and

By Alex Longley and Paul Burkhardt (Bloomberg) –Ships sailing around the southern tip of Africa are wrestling with a bout of bad weather that has

(Bloomberg) — Gunvor Group will send a supertanker loaded with North Sea Forties crude to Asia after the trading house amassed a large volume of

Efforts are in full swing to extract contents from the Panama-flagged general cargo vessel MV Ultra Galaxy, which has run aground and is almost beached on its

A global operational alliance between two of the world’s largest container shipping companies will not go into effect next week due to a need for more

July 11 (Reuters) – An environmental group on Thursday sued the U.S. government over its approach to examining the harm caused by aging offshore oil

(Bloomberg) — Billionaire Gautam Adani’s conglomerate is doubling investment to $2.4 billion in its new mega port in southern India as it seeks to

Contract Follows Historic Technology MOU between ABS and Seatrium Seatrium announced that it has awarded the American Bureau of Shipping (ABS) a Classification

By Malte Humpert (gCaptain) – The U.S. intends to create an Icebreaker Collaboration Effort (ICE) with Canada and Finland to overcome challenges of