Shipping

By Andres Guerra Luz and Alex Longley (Bloomberg) — Oil fluctuated above $63 a barrel, exactly one year after U.S. benchmark crude futures plunged below

Norwegian exhaust gas scrubber company Yara Marine Technologies is joining forces with British-based BAR Technologies to offer commercial-scale wind-assisted

Global freight rates will remain high in the short term, but will moderate in the longer term once shipping supply-chain disruptions are cleared and more new

April 19 (Reuters) – The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose to 1-1/2-year

John Konrad and Sal Mercogliano discuss the maritime news of the week in this latest episode of the gCaptain Weekly. Topics include the SEACOR Power capsizing,

A former crew member on board MSC Gayane containership has been sentenced to more than five years in prison for his role in a plot to smuggle $1 billion

By Sheela Tobben and Lucia Kassai (Bloomberg) — Canadian oil sellers are sending exports to the U.S. West Coast, an unexpected move prompted by the

Ontario, Canada-based Algoma Central Corporation has been fined $500,000 after pleading guilty to dumping wastewater into Lake Ontario, the U.S. Justice

ISMAILIA, Egypt, April 15 (Reuters) – Two crew members aboard the cargo vessel that blocked global shipping in the Suez Canal last month will be

German shipping company Hapag-Lloyd has placed an order for 150,000 twenty-foot equivalent containers amid the pandemic-fueled container crunch in Asia and

By Erica Yokoyama and Tsuyoshi Inajima (Bloomberg) — Some of the biggest industrial companies in Japan are working on a project that could trigger a

The Panama Canal Authority (ACP) will postpone its planned price hike on transit booking fees which were due to come into effect tomorrow. The ACP made the

A Maersk containership has berthed in Long Beach, California more than a month after its engine broke down the middle of the Pacific Ocean. The MV Maersk

WELLINGTON, April 14 (Reuters) – New Zealand will cease the export of livestock by sea following a transition period of up to two years, Agriculture

By Andres Guerra Luz and Isis Almeida (Bloomberg) — Net bullish wagers on rising commodity prices fell to the lowest since December last week, raising

By Brendan Murray (Bloomberg) — Ship congestion outside the busiest U.S. gateway for trade with Asia persisted over the past week as imports surged

By Mike Wackett (The Loadstar) – After cumulative ocean carrier profits exceeded some $9bn for the final quarter of 2020, the returns for the liner

A dry bulk shipping exchange traded fund (ETF) has emerged as the top performing ETF in the first three months of 2021, reflecting a strong turnaround for

Greek shipping magnate John Angelicoussis passed away on Saturday after suffering a heart attack last month, his family has confirmed. “It is with great

By Jonathan Saul and Carolyn Cohn LONDON, April 8 (Reuters) – Reinsurers are set to foot most of the bill for the grounding of the ship that