Shipping

Global demand for ocean freight container shipping hit an all-time record in May amid soaring spot rates and severe port congestion, according to data released

Saltchuk Resources, Inc. has successfully completed its tender offer to acquire all outstanding shares of Overseas Shipholding Group, Inc. (NYSE: OSG) for

An articulated tug and barge struck a known underwater rock near Kodiak, Alaska, last year, resulting in grounding and $1.4 million in damages, the National

A coalition of maritime unions from NATO member states has issued a joint statement urging the alliance to increase investment in the merchant marine, which is

(Bloomberg) — Container ship congestion in Singapore, one of Asia’s busiest ports, is spreading to neighboring Malaysia, snarling supply chains and

(Bloomberg) — The cost of shipping crude oil along key routes to Asia is slumping as supertankers take shorter trips and demand softens in China. Freight

A containership operated by Maersk’s U.S.-flagged shipping arm reported an attack in the eastern Gulf of Aden as the Iranian-backed Houthis continue to

Columbia Group, an integrated maritime services and logistics platform, and Crowley have entered into a strategic cooperation agreement to enhance their ship

By Alex Longley (Bloomberg) — Group of Seven sanctions aimed at depriving the Kremlin of petrodollars are failing in one of their key objectives:

C-Innovation’s multi-purpose offshore vessel Dino Chouest has departed from Port Fourchon, Louisiana, and is enroute to Providence, Rhode Island, to

Royal Boskalis B.V. (Boskalis) has signed an agreement to acquire the remaining 50% shares in Smit Lamnalco, thereby taking full ownership of the company. Smit

Hornblower Group, a prominent provider of water and land-based experiences, has successfully completed its financial restructuring process after filing for

By Malte Humpert (gCaptain) – After a three-month odyssey aboard Chinese heavy lift vessel Wei Xiao Tian Shi, two Russia-bound LNG modules are headed

Maersk highlighted significant challenges posed by the ongoing Red Sea situation, which has forced ships to divert around Africa, increasing costs and

SFL Corporation Ltd. (NYSE: SFL) announced today the agreement of new 5-year time charters for four 8,700 TEU container vessels, adding approximately $240

By Erwin Seba and Arathy Somasekhar HOUSTON, July 8 (Reuters) – The Texas energy industry braced for Hurricane Beryl’s impact on

The United Nations’ International Maritime Organization (IMO) has issued an urgent call for in-kind contributions of spill response equipment to support

June saw further tightening of market conditions on key deep-sea container trades, with spot rates and associated surcharges increasing every week throughout

By Gavin van Marle (The Loadstar) – Since the 1 July implementation of a series of peak season surcharges (PSS) and new FAK (freight all kinds) levels,

Marine insurer Gard has published a new report analyzing five years of data from over 20,000 cases, shedding light on critical trends in seafarer injuries and