Shipping

In the world of Private Equity (PE), a “Unicorn” is finance-speak for a private start-up worth $1 billion or more, usually in some type of tech sector.

Imports at the nation’s major retail container ports set a new record this spring and are expected to see near-record volume this month as retailers bring in

By Kyunghee Park (Bloomberg) — HMM Co., the biggest container-shipping line in South Korea, will continue deploying more vessels than usual to try to

The U.S. Senate has voted to confirm Rear Admiral Ann C. Phillips USN (Ret.) to serve as the Administrator of the Department of Transportation’s Maritime

May 10 (Reuters) – The Baltic Exchange’s main sea freight index rose to a near five-month high on Tuesday, as rates rose for all vessel

By Mike Wackett (The Loadstar) – Ocean carrier alliances are preparing to blank more than a third of their sailings from Asia over the coming weeks in

FY 2022 Appropriations Act raises Port Infrastructure Development Program Funding to more than $684 Million, the highest total ever. U.S. Department of

Negotiations for a new collective bargaining agreement between employers and dockworkers at U.S. West Coast ports are scheduled to kick off Tuesday ahead of

Over 600 i-Kiribati seafarers trapped overseas due to the COVID-19 pandemic have now been repatriated, the International Chamber of Shipping announced Monday.

The U.S. Department of State has announced new sanctions against eight maritime-related companies and 69 vessels linked to the Russian govenment. In a

A U.S. District Court Judge in Delaware has sentenced the owner and operator of a foreign-flag tanker to pay a $3 million criminal fine for obstructing justice

By K. Oanh Ha (Bloomberg) — Before the $325 million Amadea megayacht was thrust into a legal tussle in the South Pacific, the luxury vessel that the

By Francesco Guarascio and Robin Emmott BRUSSELS, May 6 (Reuters) – The European Commission proposed changes to its planned embargo on Russian

The Maritime Port Authority of Singapore (MPA) has released new details from its investigation into bunker fuel contamination at the Port of Singapore, the

By Nick Savvides (The Loadstar) – Regulators in the US are slowly tightening their grip on the ocean shipping and inland supply chain market amid

May 6 (Reuters) – Russia’s leading shipping company Sovcomflot plans to sell part of its fleet, it said on Friday, as it grapples with Western

By Brian Platt and Erik Hertzberg (Bloomberg) — Canada is becoming more reliant on the fossil-fuel sector, even as Prime Minister Justin Trudeau seeks

The negotiating committees representing Longshore workers from the International Longshore and Warehouse Union (ILWU) Local 4 union and management from the

SINGAPORE, May 5 (Reuters) – China National Offshore Oil Company (CNOOC) has awarded 16 billion yuan ($2.42 billion) worth of contracts to

The three global ocean carrier alliances and each of their member companies will now be required to provide pricing and capacity information to the Federal