Maersk Shares Hammered as Red Sea Boost Masks Overcapacity
By Christian Wienberg and Sanne Wass (Bloomberg) — A.P. Moller-Maersk A/S shares plunged after the shipping company said it expects renewed gloom in
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By Christian Wienberg and Sanne Wass (Bloomberg) — A.P. Moller-Maersk A/S shares plunged after the shipping company said it expects renewed gloom in
By Jacob Gronholt-Pedersen COPENHAGEN, Feb 8 (Reuters) – Maersk warned on Thursday that container shipping overcapacity would hit profits more than
Republican Congressman Mike Gallagher (R-WI), the Chairman of the House Select Committee on the Chinese Communist Party, is sounding the alarm on the United
By Elida Moreno PANAMA CITY, Feb 7 (Reuters) – The Panama Canal sees no need for further vessel transit restrictions until at least April, when
The National Transportation Safety Board (NTSB) has issued its investigation report into the sinking of the Carib Trader II during a dead ship tow from the
The International Union of Marine Insurance (IUMI) confirmed in its annual winter meeting that the global marine insurance market continues to support trade in
(Bloomberg) — A UK official said that Group of Seven nations are aiming to curb Russia’s ability to use a vast shadow fleet of tankers to deliver its
LONDON, Feb 7 (Reuters) – War underwriters have raised the premiums they charge to U.S., British and Israeli firms by as high as 50% for ships
A new 10-year report by the Arctic Council’s Working Group on the Protection of the Arctic Marine Environment (PAME) highlights a substantial increase in
By Arathy Somasekhar and Muyu Xu HOUSTON, Feb 6 (Reuters) – U.S. crude oil exports to Asia tumbled to 1 million barrels per day in January, the
A Turkish ship pilot has died after falling into the water during a pilot transfer operation at the Bosphorus Strait. The accident took place Sunday morning
Carnival Corporation & plc, the world’s leading cruise company, reports progress towards its near-term emissions reduction goals. The company says it
By Timothy Gardner WASHINGTON, Feb 6 (Reuters) – As Republican and some Democratic U.S. lawmakers slam President Joe Biden’s
By Alex Longley and Áine Quinn (Bloomberg) — Chinese-owned merchant ships are getting hefty discounts on their insurance when sailing through the Red
(Bloomberg) — The delivery of specialized ships to a new Russian liquefied natural gas facility is being upended by US sanctions, according to Mitsui
Feb 6 (Reuters) – Yemen’s Iran-aligned Houthis said on Tuesday they had fired missiles at two vessels in the Red Sea, causing
By Sharon Cho (Bloomberg) — The global oil market is looking increasingly local as militant attacks in the Red Sea and surging freight rates make
The Seafarers’ International Union of Canada (SIU) recently revealed alarming statistics showing nearly half of all seafarers working in the Canadian
American Roll-On Roll-Off Carrier Group Inc. (ARC) has expanded its fleet with the addition of its ninth U.S.-flagged roll-on roll-off (Ro-Ro) vessel, the M/V
A group of prominent shipping associations have released revised security guidance for navigating the Southern Red Sea and Gulf of Aden in response to a series
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