Shipping

The Baltic Dry Index is now up almost 80% from its 52-week low of 965 points recorded on August 31st. Sept 20 (Reuters) – The Baltic Exchange’s

By Ann Koh (Bloomberg) — Costs for shipping energy are surging as Europe’s scramble for supplies creates a shortage of vessels to carry essential

The video below was filmed in Turkey’s Iskenderun Port and shows an incident involving the geared cargo ship Sea Eagle taking place this past Saturday.

MARAD Administrator Ann Phillips last week testified before the Subcommittee on Coast Guard and Maritime Transportation, announcing two initiatives intended to

By Augusta Saraiva (Bloomberg) — The head of the second-biggest US port expects the pandemic-era surge in consumer demand that snarled supply chains

The International Union of Marine Insurance (IUMI), representing 44 national and marine market insurance and reinsurance associations, said underwriters have

By Ivelisse Rivera and Ezequiel Abiu Lopez SAN JUAN, Puerto Rico/Santo Domingo, Sept 19 (Reuters) – Hurricane Fiona battered the

As part of the directives to the Federal Maritime Commission (FMC) contained in the three month old “Ocean Shipping Reform Act of 2022” (OSRA 2022), the

U.S. shipping and logistics company Crowley has awarded a time charter contract to Singapore-based Eastern Pacific Shipping (EPS) for four newbuild

The U.S. Department of Transportation’s Maritime Administration (MARAD) has awarded New Orleans-based Canal Barge Company, Inc. with a loan guarantee of

(Bloomberg) –Poland opened a canal linking the Baltic Sea with a lagoon whose only previous entrance went through Russian territorial waters. The canal

KYIV, Sept 18 (Reuters) – A total of 165 ships with 3.7 million tonnes of agricultural products on board have left Ukraine under a deal

KYIV, Sept 17 (Reuters) – The third vessel charted by the United Nations World Food Program (WFP), left Ukraine’s Chornomorsk Black Sea port with

(Bloomberg) –Benchmark oil tanker earnings topped $50,000 a day for the first time in more than two years as Russia’s invasion of Ukraine upends global

Sept 16 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, marked its best week in

PARIS, Sept 15 (Reuters) – A Russian billionaire is suing French authorities in an effort to win back access to two of his yachts,

There’s been a lot of speculation about when and how fast the container shipping market would return to pre-pandemic norms. Today there is more hard data

By Jamie Freed and Casey Hall SYDNEY/SHANGHAI, Sept 16 (Reuters) – Global trade bellwethers like FedEx and Cathay Pacific Airways. have cast a pall

By Lisa Baertlein and Doyinsola Oladipo LOS ANGELES/NEW YORK, Sept 15 (Reuters) – Union railworkers in the United States scored a potential key

American consumers are continuing to spend their money on retail goods despite persistent inflation and rising interest rates, the National Retail Federation