Shipping

By K. Oanh Ha (Bloomberg) –A $150-million ultra-luxurious superyacht tied to Russia’s second-richest citizen Leonid Mikhelson, who is

Freya Womersley, David Sims (The Conversation)–Over 80% of international trade is carried by sea. Much of what we use and consume everyday either has

DUBAI, May 28 (Reuters) – Iran’s state maritime body said on Saturday the crew of two Greek tankers seized by its Revolutionary Guards on

By Anusha Ondaatjie, Asantha Sirimanne and Elizabeth Low (Bloomberg) –Sri Lanka is receiving Russian crude oil that it will use to make fuel as the

By Ana Monteiro and Eric Martin (Bloomberg) — The US merchandise-trade deficit shrank in April by the most since 2009 as imports fell amid lockdowns in

DUBAI/ATHENS, May 27 (Reuters) – Iranian forces seized two Greek tankers in the Gulf on Friday, shortly after Tehran warned it would take

By Salvatore R. Mercogliano, Ph.D.  The Russian invasion of Ukraine on February 24, 2022 had a profound impact on shipping in the Black Sea. To prevent

By Mike Wackett (The Loadstar) – With Shanghai on the cusp of unlocking its manufacturing and unshackling frustrated container exports, spot rates from

P&O Ferries’ abrupt firing of 800 UK-based ferry workers threatens to undermine 30 years of progress in improving the image of the ferry industry,

For months, the ports of Los Angeles and Long Beach have been threatening ocean carriers with exorbitant fees for long-dwelling containers at marine terminals,

By Pavel Polityuk, Felix Hoske and Stefaniia Bern CHERNIHIV, Ukraine, May 26 (Reuters) – Ukraine is desperately trying to export its vast

By Bloomberg News (Bloomberg) — Daily operations at Shanghai’s port have almost fully recovered from the effects of the city’s Covid-19 lockdown,

By Jonathan Saul, Lefteris Papadimas and Renee Maltezou LONDON/ATHENS, May 26 (Reuters) – The United States has confiscated Iranian oil held on

By Peter Apps LONDON, May 26 (Reuters) – In late April, trucks with number plates from Russian-occupied Crimea descended on the southern

The Greek owner and operator of a bulk carrier are facing a criminal penalty of $1 million each after pleading guilty in U.S. federal court on Tuesday to

By Michelle Nichols UNITED NATIONS, May 25 (Reuters) – A senior U.N. official is due to visit Moscow in the coming days to discuss reviving

By Andrea Dudik and Rosalind Mathieson (Bloomberg) — Resuming Ukrainian grain shipments will be time consuming given challenges that include

All eyes will be on the International Maritime Organization (IMO) when its Maritime Environmental Protection Committee (MEPC) convenes virtually next month for

By Mike Wackett (The Loadstar) – There was another new record for ocean carrier earnings in Q1, but with operating costs spiralling and spot rates

May 25 (Reuters) – Russia is ready to provide a humanitarian corridor for vessels carrying food to leave Ukraine, in return for the lifting of