Thursday, August 5, 2021
yantian port
Shipping

Typhoons Pose Latest Supply Chain Threat as China Ports Shut

By Ann Koh (Bloomberg) — Extreme weather in China is becoming the latest challenge to global supply chains, as a heavy typhoon season threatens to further delay goods stuck at some...

21 mins ago
Total Views: 95

Wednesday, August 4, 2021
Shipping

SFL Acquires Two Modern Containerships and Sells Vintage Feeders to MSC

NYSE-listed SFL Corporation (NYSE: SFL) has agreed to acquire two secondhand 14,000 TEU containerships backed by charters to a leading container line. The company described the vessels as modern eco-design...

18 hours ago
Total Views: 1111

Port of long beach
Shipping

U.S. Maritime Regulator Probing Legality of Carriers’ Congestion Surcharges

The U.S. Federal Maritime Commission has requested answers from eight ocean carriers regarding congestion-related surcharges they have either implemented or announced. The FMC says the information request is part of...

23 hours ago
Total Views: 1230

golden ray oil spill
Shipping

Golden Ray Lifting Paused for Oil Spill Clean-Up

Work to lift the latest section of the Golden Ray has been put on hold as responders continue to clean-up an oil spill that was first reported at the site...

23 hours ago
Total Views: 1442

Tuesday, August 3, 2021
MSC Gayane
Shipping

Two More MSC Gayane Crew Members Sentenced to Prison for Role in Record-Setting Drug Bust

Two former crew members of the MSC Gayane have been sentenced to prison for their roles in a plot to smuggle an estimated $1 billion worth of cocaine through the...

August 3, 2021
Total Views: 3108

Asphalt Queen tanker
Shipping

Tanker Seized by Suspected Iranian-Backed Forces in Arabian Sea, Maritime Sources Say

By Lisa Barrington and Jonathan Saul DUBAI/LONDON, Aug 3 (Reuters) – Iranian-backed forces are believed to have seized an oil tanker in the Gulf off the coast of the United...

August 3, 2021
Total Views: 10122

Shipping

From Sail to Steam to … the Stars? How Innovation in the Commercial Space Industry is Impacting the Maritime Sector and Coast Guard

By Sean T. Pribyl (Holland & Knight) – On July 21, 2021, U.S. Coast Guard Commandant Admiral Karl L. Schultz testified to Congress on a discreet budget issue that one may have...

August 3, 2021
Total Views: 1332

Containership docking Port of Long Beach
Shipping

More Complaints Against ‘Profiteering’ Carriers Expected as Shippers’ Costs Soar

By Nick Savvides (The Loadstar) Following its formal complaint to the Federal Maritime Commission(FMC) last week, Pennsylvania home décor firm MCS Industries CEO Richard Master has told The Loadstar why the company felt it had...

August 3, 2021
Total Views: 1420

Monday, August 2, 2021
ship crew-change covid19 pandemic
Shipping

Opinion: Pathetic Maritime, Its Reactions and Reality

By Frank Coles If you don’t like direct, brash or in your face, stop reading now. You may not like or even agree with what I am going to say...

August 2, 2021
Total Views: 3264

mercer street
Shipping

US, Israel, UK Vow Action Against Iran on ‘Mercer Street’ Tanker Attack

By Arsalan Shahla and Gwen Ackerman (Bloomberg) — The U.S., Israel and the U.K. all vowed to respond to a deadly drone attack on an Israeli-linked tanker last week in a...

August 2, 2021
Total Views: 1550

APM terminals los angeles
Shipping

Maersk Again Upgrades Full Year Guidance on ‘Exceptional Market Situation’

A.P. Møller – Maersk has again upgraded its full-year 2021 guidance to reflect strong Q2 results and “an exceptional market situation,” the company said in a trading update. Maersk on...

August 2, 2021
Total Views: 1050

port of long beach
Shipping

U.S. Shipper Accuses Ocean Carriers of Colluding to Raise Spot Market Rates

By Nick Savvides (The Loadstar) – A Pennsylvania-based shipper has lodged a formal complaint against two global shipping lines. In a $600,000 lawsuit filed with the Federal Maritime Commission (FMC) last week,...

August 2, 2021
Total Views: 1332

Friday, July 30, 2021
hapag-lloyd ship
Shipping

Hapag-Lloyd Raises Full-Year Earnings Outlook

Hapag-Lloyd expects to report first-half 2021 earnings before interest, taxes, depreciation, and amortization (EBITDA) of approximately $4.2 billion as global demand for container shipping remains high, according to preliminary figures...

July 30, 2021
Total Views: 850

mercer street
Shipping

Two Crew Killed in Attack on Israeli-Managed Tanker off Oman

Update: Zodiac Maritime confirms the MT Mercer Street is “sailing under control of her crew and under her own power at 14 knots to a safe location with a US...

July 30, 2021
Total Views: 3702

Thursday, July 29, 2021
Shipping

Cargo Ship Gets Kicked Out of U.S. Waters After Discovery of Invasive Insects

U.S. Customs and Border Protection ordered a Panama-flagged bulk carrier to immediately depart U.S. waters earlier this month after the discovery of invasive insects on board. CBP says the M/V...

July 29, 2021
Total Views: 21597

Shipping

Containership Owners Continue to Strike Gold as Carriers Rush to Secure Charters

By Mike Wackett (The Loadstar) – With the exception of a few containership owners that are enjoying eye-watering short-term charters, most non-operating owners have chosen to fix their ships on lengthy periods...

July 29, 2021
Total Views: 2142

Wednesday, July 28, 2021
port of los angeles and long beach
Shipping

FMC Presented with Interim Recommendations to Address Supply Chain Issues

The Federal Maritime Commission has been presented with a set of interim recommendations from its fact finding investigation into challenges facing the ocean transportation supply chain brought on by the...

July 28, 2021
Total Views: 1413

Defense

Crowley Awarded Contract to Manage Vessel Acquisitions for MARAD’s Ready Reserve Force

The U.S. Maritime Administration has awarded Crowley Maritime Corporation with a multi-year, $638 million Vessel Acquisitions Management contract. As the Vessel Acquisition Manager, Crowley will assist MARAD in acquiring and...

July 28, 2021
Total Views: 2892

bulk carrier ballast water
Shipping

Costamare Expands Dry Bulk Fleet to 37 Ships

NYSE-listed shipping company Costamare Inc. (NYSE: CMRE) says it has agreed to acquire an additional 21 dry bulk vessels after announcing its entry into the sector earlier this year. Including...

July 28, 2021
Total Views: 884

Monday, July 26, 2021
Shipping

Delta Cases Rise on Containership in New Zealand

New Zealand health officials have confirmed additional cases of COVID-19 on board the containership Mattina, bringing the total number of confirmed cases on the ship to 15. Officials perviously reported...

July 26, 2021
Total Views: 1603