Shipping

New Zealand health officials have confirmed at least 11 cases of COVID-19 on board a Hamburg Sud containership off the coast of Tauranga, putting dozens of

Aug 13 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, rallied to its highest

By Sam Potter (Bloomberg) — An expensive ETF riding both the commodity boom and the supply-chain chaos is shedding millions in assets, a sign of

Robert Bugbee, the well-known President of NYSE-listed Scorpio Tankers (NYSE: STNG), spent another $465,000 on STNG call options on Wednesday, bringing his

By Hugh Bronstein BUENOS AIRES, Aug 12 (Reuters) – A once-a-century drought has lowered the water level of Argentina’s main grains transport river,

Maine Maritime Academy will require students to be vaccinated for COVID-19 this fall as the Delta variant continues to complicate the return of normal

Only about 15% of the world’s seafarers have been vaccinated from COVID-19, according to data from the Neptune Declaration Crew Change Indicator.

German liner company Hapag-Lloyd has posted a $3.3 billion profit in the first half of the year amid “very strong demand” for container shipping

By Damian Shepherd (Bloomberg) — The summer doldrums are here for oil supertankers. Freight rates on the benchmark route from the Middle East to Asia

By Paul Sandle LONDON, Aug 12 (Reuters) – British satellite operator Inmarsat said it would launch a major upgrade to its L-band services to offer faster

By Jeff Mason and Trevor Hunnicutt WASHINGTON, Aug 11 (Reuters) – President Joe Biden said on Wednesday that his administration is working to relieve

The crew of a privately chartered Jones Act enforcement vessel has met with the U.S. Customs and Border Protection to touch base on issues that the vessel and

By Trevor Hunnicutt Aug 11 (Reuters) – U.S. President Joe Biden’s top aides are pressuring OPEC and its allies to boost oil output to

Congressmen in the U.S. House of Representatives John Garamendi (D-CA) and Dusty Johnson (R-SD) have introduced legislation requiring foreign-based ocean

Usually, when a company announces that it is re-organizing under “Chapter 11”, the idea is that the company will re-organize its balance sheet (usually,

By Jonathan Saul and Ari Rabinovitch JERUSALEM, Aug 9 (Reuters) – Four investment groups are looking to acquire the Israeli port of Haifa estimated to be

By Nick Savvides (The Loadstar) – Growing congestion fears in Asia are being matched by an apparent resurgence of delays at US west coast

With continued chaos driving record-high freight rates in container shipping, some shippers have been forced seek more creative ways of moving cargo point A to

Hong Kong-based Orient Overseas Container Line (OOCL) has become the first ocean carrier to offer a new rail-sea service connecting China with the U.S. East

Eastern Shipbuilding Group (ESG) has completed construction of the first of three new Staten Island ferries for the New York City Department of Transportation.