News

By Mike Wackett (The Loadstar) – Ocean carrier optimism is being driven by higher freight rates and cheaper fuel – but tumbling charter hire costs are

A bunker tanker crashed straight into a breakwater at the Port of Marseille in France and it was all caught on video. The incident is believed to have occurred

WASHINGTON, June 22 (Reuters) – White House trade adviser Peter Navarro on Monday walked back on his earlier remarks that the U.S.-China trade pact was

A Hawaiian interisland barge lost more than 20 containers overboard off the coast of Hilo on Monday morning and several containers remain missing. The U.S.

By Wessley Johnson – As if COVID-19 was not enough this summer, a full river closure and a halt to shipping on one of the nation’s busiest river

The APL England has been cleared to leave Australia after losing some 50 containers overboard off the coast of New South Wales last month. Inspectors with the

WELLINGTON, June 22 (Reuters) – New Zealand on Monday extended a ban on cruise ships arriving in the country and tightened measures for visitors to exit

By Mike Wackett (The Loadstar) – Notwithstanding a significant decline in container liftings as a consequence of the global pandemic, ocean carriers have

By Jonathan Saul LONDON, June 21 (Reuters) – Plans to map the entire ocean floor by 2030 are going ahead despite the challenges of the coronavirus

SINGAPORE/BEIJING, June 22 (Reuters) – Chinese refiners have the capacity to produce 18.1 million tonnes of low-sulphur fuel oil (LSFO) this year, which

By Phil Stewart and Idrees Ali WASHINGTON, June 19 (Reuters) – In a reversal, the Navy on Friday scrapped its recommendation to reinstate Captain Brett

International cruise lines have extended their self-imposed sailing suspension from U.S. ports until September 15 amid the ongoing COVID-19 crisis. The Cruise

A Hapag-Lloyd containership has been cleared to discharge its cargo in South Africa after a month-long coronavirus quarantine. As we reported previously, two

By Emily Chow and Chen Aizhu SHANGHAI/SINGAPORE, June 19 (Reuters) – China’s marine fuel futures contract that debuts on Monday on the Shanghai

By Roslan Khasawneh SINGAPORE, June 18 (Reuters) – Ship fuelling activity in Fujairah in the United Arab Emirates, a bunkering and fuel storage hub in

Norwegian-based shipping company Wallenius Wilhelmsen Ocean AS is likely facing millions of dollars in fines after pleading guilty today in Australian federal

June 18 (Reuters) – The Baltic Exchange’s main sea freight index marked its largest single-day percentage rise on Thursday, as capesize vessel

By Guy Faulconbridge and Kate Holton LONDON, June 18 (Reuters) – The Lloyd’s of London insurance market has apologized for its

By Uday Sampath Kumar June 18 (Reuters) – Carnival Corp reported a record $4.4 billion in quarterly losses on Thursday, as the COVID-19 pandemic crippled

By Frances Schwartzkopff and Christian Wienberg (Bloomberg) –A.P. Moller-Maersk A/S said the development in the second quarter has been better than the