Shipping

By Manuel Baigorri, Cathy Chan and Vinicy Chan (Bloomberg) — South Korean buyout firm Hahn & Co. is reviewing strategic options for its majority

By Mike Wackett (The Loadstar) – Notwithstanding three attempts at GRIs (general rate increases) in 45 days, Asia-North Europe container spot rates have

By Daphne Psaledakis and Timothy Gardner WASHINGTON, Dec 1 (Reuters) – The United States on Friday imposed additional sanctions related to the price

The Chief Executive Officers (CEOs) of major global shipping lines have issued a joint declaration at COP 28, urging the International Maritime Organization

Dec 1 (Reuters) – The Baltic Exchange’s dry bulk sea freight index gained for the fourth straight week, marking its best week since

Maersk Tankers has confirmed an order for up to ten very large ammonia carriers (VLACs) from Hyundai Samho Heavy Industries in Korea. The first four vessels

The U.S. Department of Transportation’s Federal Transit Administration (FTA) has announced grants totaling $220.2 million to modernize the nation’s

Bureau Veritas (BV) has launched its first classification Rules for hydrogen-fuelled ships (NR678) to support the safe development of hydrogen propulsion in

The latest data from Oslo-based Xeneta suggests that 2024 could be an even more difficult year for carriers in the ocean freight shipping market. The Xeneta

By Grant Smith, Salma El Wardany and Fiona MacDonald 1(Bloomberg) — OPEC+ agreed to make 1 million barrels a day of additional oil-supply cuts to go

By Christian Wienberg (Bloomberg) — A.P. Moller-Maersk A/S settled a Danish lawsuit against the companies behind a ship that blocked the Suez canal in

The bankruptcy estate of Bed Bath & Beyond Inc. has filed a complaint with the U.S. Federal Maritime Commission against Swiss-based MSC Mediterranean

By Jonathan Saul LONDON, Nov 29 (Reuters) – Commercial ships face increasing dangers at sea after armed groups have attacked and seized vessels in

MOSCOW, Nov 29 (Reuters) – Oil loadings from the Black Sea port of Novorossiysk and the Caspian Pipeline Consortium (CPC) terminal

By Anna Shiryaevskaya (Bloomberg) — Unprecedented congestion at the Panama Canal could ultimately result in delays at Egypt’s Suez Canal, potentially

By Maha El Dahan, Olesya Astakhova and Alex Lawler DUBAI/LONDON, Nov 29 (Reuters) – OPEC+ is continuing to hold talks on

By Jack Wittels (Bloomberg) — The cost of shipping fuels such as diesel across the Atlantic has soared to an almost 16-month high amid ongoing

The Portuguese-flagged bulk carrier Barbro G has been refloated in the Detroit River. The 623-foot freighter, which was carrying 21,000 tons of wheat to Italy,

Nov 29 (Reuters) – The Baltic Exchange’s dry bulk sea freight index .BADI gained for the fifth consecutive session to hit an

By Mike Wackett (The Loadstar)- Not only do ocean carriers have too many ships, they also have too many containers to fill vessels that are being deployed. In