In an exchange filing today, China COSCO announced their plans to scrap 13 ships, consisting of 4 container vessels totaling 11,207 TEU and 9 bulk carriers of 553,535 total DWT.
They note that this plan is part of an overall fleet restructuring plan, however they gave no further detail on what, if any, further restructuring may occur.
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U.S. energy company Williams Cos WMB.N said on Thursday it was working with federal and state regulators to revive two previously canceled natural gas pipelines from Pennsylvania to New York.
Importer uncertainty ahead of the vital holiday ocean shipping season remains high, the executive director of the busiest port in the U.S. said on Thursday, as a court battle broke out over President Donald Trump's trade tariffs.
(Bloomberg) — The ceasefire in the tariff fight between the world’s two largest economies is encouraging trade across the Pacific, holding up freight prices three weeks on, even as container...
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