Shipping

March 17 (Reuters) – The Baltic Exchange’s main sea freight index on Wednesday climbed to a near 1-1/2-year high as panamax rates scaled a more

By Alex Longley and Alaric Nightingale (Bloomberg) — The market for moving oil across the world’s oceans is currently so bad that owners of the

By Bloomberg News (Bloomberg) — The world’s biggest makers of shipping containers are scrambling to meet a surge in demand for the metal

Authorities in Australia are investigating the smuggling of approximately 200 kilograms of cocaine that was offloaded from an MSC ship to a boat at sea off the

The MV ONE Apus departed Kobe, Japan on Tuesday after a major operation to remove hundreds of damaged and dislodged containers on deck following last

Crews have separated the latest section of the Golden Ray as the operation to cut and remove the wreck stretches into its fifth month. The St. Simons Sound

By Jonathan Saul and Laura Sanicola LONDON/NEW YORK, March 16 (Reuters) – U.S. refiners are scaling back on hiring ships for longer periods to save on

By Jonathan Saul LONDON, March 16 (Reuters) – Leading Japanese lenders have joined an initiative that links the provision of shipping finance to cuts in

BEIJING, March 16 (Reuters) – China foiled criminals seeking to smuggle nearly 1 million tonnes of refined oil worth 5 billion yuan ($770 million), with

A flood at the U.S. National Weather Service’s headquarters in Silver Spring, Maryland has knocked out power to servers processing NOAA’s marine

By Mike Wackett (The Loadstar) – CMA CGM has posted a net profit of $1.75bn for 2020, following a loss of $229m the year before, and said it was

Support is growing for a proposed $5 billion research fund to help decarbonize shipping. The World Shipping Council, one of the proposal’s original

DUBAI, March 13 (Reuters) – Israel is highly likely to have been behind an attack in the Mediterranean this week that damaged an Iranian container ship,

A rather serious situation has been unfolding over the last several days in southeastern Norway after a fire was reported on a battery-powered passenger

PARIS, March 12 (Reuters) – Container shipping group CMA CGM said on Friday that it expected activity to remain strong in the first half of

By Lucia Kassai (Bloomberg) — A company owned by the Emirate of Fujairah claimed a stake in an oil cargo that the U.S. alleges was from Iran, in

DUBAI, March 12 (Reuters) – An Iranian container ship was damaged in an attack in the Mediterranean, the state-run shipping company said on

The Ocean Network Express-operated ONE Apus is getting ready to depart Japan after operations to discharge collapsed and damaged containers after its

By Mike Wackett (The Loadstar) – Ocean carriers are enjoying a bull run of profitability, thanks to demand spikes and inflated freight rates, and now

Mental health problems among seafarers are getting worse, not better, with an industry report citing an increase in requests for counseling support from