Mike Schuler

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

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

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

The monthly inbound cargo volume at major U.S. container ports continues to rise despite a multiple supply chain challenges, according to the Global Port

The U.S. Coast Guard encountered multiple military ships from the People’s Republic of China in the Bering Sea over the weekend. On Saturday and Sunday, the

A coalition of leading shipping trade associations has issued a joint policy statement urging changes to the International Maritime Organization’s (IMO)

The California Energy Commission has adopted a strategic plan to develop one of the state’s largest untapped sources of renewable energy. The plan calls

A CMA CGM containership lost 44 containers overboard amid heavy weather off the coast of South Africa on Tuesday. The incident occurred while the CMA CGM

The International Maritime Bureau (IMB) reports a decrease in piracy and armed robbery incidents against ships in the first half of 2024. However, Bureau is

Severe weather conditions near the Cape of Good Hope have brought container traffic to a halt this week, according to analysis by LSEG Shipping Research.

The landscape of offshore wind generating capacity in the United States is undergoing significant changes following the cancellation of two major projects in

The International Maritime Organization (IMO) has announced the recipients of the 2024 IMO Award for Exceptional Bravery at Sea award, the highest recognition

U.S. container import volume remained strong in June 2024, with volumes increasing by double-digits compared to the same month last year, according to

The U.S. Department of Transportation’s Maritime Administration (MARAD) has announced $8.75 million in grant awards to 15 small shipyards in 12 states

Global demand for ocean freight container shipping hit an all-time record in May amid soaring spot rates and severe port congestion, according to data released

Saltchuk Resources, Inc. has successfully completed its tender offer to acquire all outstanding shares of Overseas Shipholding Group, Inc. (NYSE: OSG) for

An articulated tug and barge struck a known underwater rock near Kodiak, Alaska, last year, resulting in grounding and $1.4 million in damages, the National

A coalition of maritime unions from NATO member states has issued a joint statement urging the alliance to increase investment in the merchant marine, which is