Shipping

U.S.-based ocean carrier Matson (NYSE: MATX) has announced a goal of achieving net zero greenhouse gas emissions from its fleet by 2050. The goal was announced

COPENHAGEN, Nov 2 (Reuters) – Denmark’s A.P. Moller-Maersk said on Tuesday it will buy freight-forwarder Senator International along with two

The world’s largest shipping line tripled its earnings in the third quarter with no end in sight to supply chain disruptions driving high freight rates.

By Augusta Saraiva (Bloomberg) — With a near-record 75 container ships waiting outside the U.S.’s largest port complex in southern

Danish shipping giant Maersk has signed an agreement with Saudi Ports Authority “Mawani” to set up an Integrated Logistics Park at the Jeddah Islamic Port

By Kate Abnett, Jonathan Saul and Ilze Filks GLASGOW, Nov 1 (Reuters) – Denmark, the United States and 12 other countries on Monday backed a goal to

By Bloomberg News (Bloomberg) — This year, the Chinese city of Yiwu — the world’s biggest hub for the manufacture of plastic

Savvy traders, analysts and math whizzes had seen it coming- the drybulk market’s “parabolic rise” during September was simply not sustainable. Big

By Mike Wackett (The Loadstar) – With stock market-listed ocean carriers reporting even better-than-expected profits for the third quarter, their

Containership charter rates fell for the first time in at least 16 months in what could be the first sign of container freight rates easing. This is according

By Michael Sasso (Bloomberg) — President Joe Biden’s point-person for clearing the supply-chain bottleneck in southern California hailed a new

An Ohio man has been charged with possession of suspected explosive devices that he allegedly dropped onto two tugboats on the Ohio River. Nathaniel Blayn

German liner company Hapag-Lloyd has raised its 2021 earnings outlook to up to $12.6 billion due to the “unabated” global demand for container

Oct 29 (Reuters) – Royal Caribbean Group missed market estimates for quarterly revenue on Friday, as people were apprehensive about going on cruises due

By Mike Wackett (The Loadstar) – Japanese ocean carrier Ocean Network Express (ONE) said it now expects a net profit of nearly $12bn for its financial

Oct 29 (Reuters) – The Baltic Exchange’s dry bulk sea freight index eased on Friday and posted its biggest monthly fall since January 2020, hurt by

The Panama Canal reported record tonnage in its 2021 fiscal year amid unprecedented supply chain challenges. Containers led in total tonnage, while LNG, LPG,

By Jeffrey Dastin and Nivedita Balu Oct 28 (Reuters) – Amazon.com Inc on Thursday reported a slump in profit that it expects will continue through the

Move over SpaceX, there’s a new rocket launch company coming to the Port of Long Beach. The Long Beach Board of Harbor Commissioners on Thursday approved

Dubai-based ports operator DP World says COVID-19, supply chain disruptions and geopolitical uncertainty could continue to hinder global economic recovery. DP