News

Cargo volumes at the Port of Los Angeles, the busiest port in the United States, fell more than 30% in March as the COVID-19 crises increasingly hit the global

By Salvatore R. Mercogliano, Ph.D. – National Maritime Day (May 22) came a month earlier than usual with the announcement by the Maritime

The International Chamber of Shipping has issued new guidance to support the shipping industry in its role of ensuring essential goods and commodities, such as

By Jen Skerritt, Leslie Patton and Emele Onu (Bloomberg) — The port backups that have paralyzed food shipments around the world for weeks aren’t

By Adam Minter (Bloomberg Opinion) — Before the pandemic, 100,000 seafarers traveled in and out of the world’s ports every month. Some had spent

Norway has approved Equinor’s plans to develop and operate a floating wind farm that will provide power to five oil and gas platforms in the Norwegian North

Philly shipyard has been selected to build the new National Security Multi-Mission vessels, the U.S. Maritime Administration and TOTE Services said

By Mike Wackett (The Loadstar) – Idled containership capacity is expected to reach a record high of 3m teu within weeks, in the “worst capacity

By Anna Shiryaevskaya (Bloomberg) — Shipments of liquefied natural gas will decline from record levels as global economic growth weakens and energy

World trade is expected is expected to fall by between 13% and 32% this year as the COVID-19 pandemic disrupts just about every aspect of the global economy,

By Tangi Salaün PARIS, April 8 (Reuters) – France’s flagship aircraft carrier the Charles de Gaulle is returning to its home port early after

By Joe Mayes (Bloomberg) — Britain faces disruption to goods flows from continental Europe as the coronavirus outbreak squeezes the finances of ferry

By Roslan Khasawneh SINGAPORE, April 8 (Reuters) – Supertanker freight rates have fallen after last week’s highs as industry participants await the

The U.S. Department of Defense has opened the hospital ship USNS Comfort to patients with COVID-19 in order to relieve pressure on New York area hospitals, the

LONDON, April 7 (Reuters) – Ships must be allowed to change over overworked and exhausted crews to help to keep trade flowing as

European ferry operator Stena Line will furlough 600 employees and layoff 150 in the UK and Ireland as the coronavirus pandemic decimates passenger travel

By Jennifer A. Dlouhy and David Wethe (Bloomberg) — Inside more than a thousand offshore drilling rigs and oil production platforms that dot the Gulf of

By Claire Jiao, Siegfrid Alegado and Ann Koh (Bloomberg) — Port restrictions and canceled flights are straining the ability to replace seafarers on

By Jennifer Hiller HOUSTON, April 7 (Reuters) – Exxon Mobil Corp on Tuesday throttled back investment in shale, natural gas and deep water production,

Shares of Carnival Corporation (NYSE: CCL) shot up more than 20% on Monday after it was revealed that Saudi Arabia’s public investment fund has taken a more