OPEC+ Outlines Record Oil Cut
By Rania El Gamal, Olesya Astakhova and Ahmad Ghaddar DUBAI/MOSCOW/LONDON (Reuters) – OPEC, Russia and other allies outlined plans on Thursday to cut
Explore the latest developments in the shipping industry, including market trends, fleet management, and the impact of global trade on maritime logistics.
By Rania El Gamal, Olesya Astakhova and Ahmad Ghaddar DUBAI/MOSCOW/LONDON (Reuters) – OPEC, Russia and other allies outlined plans on Thursday to cut
April 10 (Reuters) – The U.S. Centers for Disease Control and Prevention extended its “no sail order” for all cruise ships, as it looks to
Dutch marine services firm Royal Boskalis Westminster N.V. has announced the acquisition of maritime emergency response specialist Ardent Americas, helping
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 Claire Jiao, Siegfrid Alegado and Ann Koh (Bloomberg) — Port restrictions and canceled flights are straining the ability to replace seafarers on
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