News

by Kevin Varley (Bloomberg) –Forget Spain for a summer holiday overlooking the Mediterranean Sea. Croatia and Turkey are the up and coming destinations

by Christian Wienberg (Bloomberg) –The world’s largest container line may generate $1.5 billion more in operating profit this year than previously

by Ben Bartenstein & Lucia Kassai (Bloomberg) –The Trump administration is considering additional sanctions on Venezuela aimed at halting the

by Jacob Gronholt-Pedersen (Reuters) – Shipping group Maersk on Wednesday issued full-year earnings guidance above its forecast at the beginning of the

Last week Italy’s government gave permission for cruise lines to resume operations and, on Sunday, MSC Grandiosa became the first cruise ship to sail the

Four tankers whose fuel was seized by the U.S. over the past month were heading to Venezuela and carrying gasoline loaded in Iran, according to Iranian Oil

By Michael McDonald (Bloomberg) The Panama Canal is seeing signs of a rebound in global trade as ship transits recover from the depressed levels caused by the

by Bozorgmehr Sharafedin (Reuters) – Oil prices steadied on Monday as news that China planned to ship large volumes of U.S. crude in August and

by Colin Packham (Reuters) – The leader of Australia’s New South Wales state apologized on Monday for failing to stop people carrying the coronavirus

by Jessica Jaganathan (Reuters) – The court-appointed manager of Singapore Ocean Tankers is seeking to reclaim about $19 million from the Lim family

The Port of Long Beach posted its busiest month ever in July due to pent-up demand by consumers amid the COVID-19 pandemic. The port said trade increased 21.1%

A New Zealand court has fined the Ports of Auckland and one of its pilot a total of NZD $432,400 for excessive speeding during thousands of pilot boat voyages

The Port of Los Angeles says it saw its busiest month so far this year in July as retailers restock inventories ahead of the holiday season. The port said

Christian Bueger – The devastating oil spill that wreaked havoc on Mauritius’ coastline raises the question of whether the response by the government

The Justice Dept. called it the largest U.S. seizure of Iranian fuel. By Humeyra Pamuk and Mark Hosenball WASHINGTON, Aug 14 (Reuters) – The United

TOKYO, Aug 14 (Reuters) – A Japanese bulk carrier struck a coral reef off the Indian Ocean island nation of Mauritius on July 25, spilling about 1,000

By Lisa Baertlein LOS ANGELES, Aug 13 (Reuters) – Imports at major U.S. container seaports could hit their lowest level in four years as the novel

The Japanese owner of the MV Wakashio said it fully intends to compensate for any damages in accordance with applicable law from the ship’s grounding and

Below is the International Maritime Security Construct’s (IMSC) full statement on Iranian forces’ boarding of the Liberian-flagged MT Wila in the

By Brian K. Sullivan (Bloomberg) –The Atlantic spun it 10th storm faster than any other hurricane season in records going back to 1851, and more are