Bankruptcy Judge Orders Removal of Morton Bouchard as Bouchard Transportation’s CEO
A U.S. bankruptcy judge has ordered Morton S. Bouchard III, the long-time CEO of New York-based Bouchard Transportation, to be immediately removed from his
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A U.S. bankruptcy judge has ordered Morton S. Bouchard III, the long-time CEO of New York-based Bouchard Transportation, to be immediately removed from his
The Maersk Eindhoven has departed Japan for the U.S. West Coast after operations to remove damaged and dislodged containers after its cargo loss last month.
By Thomas Black (Bloomberg) — A cargo traffic jam on the world’s roads, seas and air corridors could easily continue into next year, continuing to
By Sheela Tobben (Bloomberg) — Crude exports from Louisiana’s offshore supertanker port tumbled to zero as Asian buyers limited purchases to manage
By Brendan Murray (Bloomberg) — A surge of imports into the U.S. economy shows little sign of slowing down, clogging American ports and highlighting
Wallenius Wilhelmsen will return three more ships from cold lay-up as it continues to reactivate its fleet amid improving market conditions. The privately-held
By Eric Martin (Bloomberg) — The U.S. merchandise-trade deficit widened in January as imports climbed to a record high, signaling a continuing recovery
By Amy Teibel, Verity Ratcliffe and Arsalan Shahla (Bloomberg) — Israel accused Iran of attacking one of its cargo ships in the Gulf of Oman last week,
By Mike Wackett (The Loadstar) – Higher fuel costs are triggering increases in ocean carrier bunker surcharges, adding more misery for shippers
TORM Tankers has announced plans to acquire eight medium-range product tankers from TEAM Tankers for approximately $148 in cash and shares. The eight vessels
By Eric Martin and Jenny Leonard (Bloomberg) — President Joe Biden’s nominee for trade chief called on China to live up to the
By Kim Bhasin, Jordyn Holman and Henry Ren (Bloomberg) — Overwhelmed U.S. ports, elevated freight costs and accidents that sent goods plunging to the
The U.S. National Oceanic and Atmospheric Administration is set to begin implementing its sunset plan for paper nautical charts as it transitions exclusively
By Roslan Khasawneh SINGAPORE, Feb 26 (Reuters) – Global demand for oil-based marine fuels is set to fall in the next three decades as stricter carbon
By Lisa Barrington DUBAI, Feb 26 (Reuters) – A Bahamas-flagged ship, the MV HELIOS RAY, was hit by an explosion in the Gulf of Oman on Thursday, the
By Mike Wackett (The Loadstar) – Containership charter rates have hit 13-year highs and shipowners are locking these in with carriers on three- and
By Emma Pinedo and Marco Trujillo CARTAGENA, Spain Feb 25 (Reuters) – A shipload of Spanish cattle that had been drifting for months due to concerns over
French shipping giant CMA CGM has announced plans to deploy six new LNG-powered containerships dedicated to the China-U.S. market. Group Chairman and CEO
Italian shipping company Grimaldi Group has announced the construction of six new multipurpose roll-on/roll-off vessels at Hyundai Mipo Dockyard in South
Maersk Tankers and Cargill have teamed up to launch a new bunker procurement service that will offer better pricing, service and transparency to tramp shipping
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