Israeli liner shipping company ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) and e-commerce giant Alibaba.com will extend their cooperation agreement for two more years. The agreement, which has been in...
ISMAILIA, Egypt June 20 (Reuters) – The owners of a container ship that blocked the Suez Canal in March have made a new offer in a compensation dispute with the...
By Jack Wittels (Bloomberg) — Trafigura Group said the shipping industry’s regulator needs to act with ‘lightning speed’ to cut carbon emissions from an industry that spews more C02 into the...
by James E. Mercante, Esq. No one sets sail expecting to be involved in a marine accident, but even the most experienced mariners will find themselves in need of a...
In 2019 the ocean logistics unicorn Flexport secured $1 Billion in Funding Led by Japan’s SoftBank Vision Fund, now the legendary startup bank has announced a big investment in the...
By Jonathan Levin (Bloomberg) — Florida won a temporary freeze on a set of CDC coronavirus rules for the cruise industry, potentially easing the companies’ path back to the sea. The...
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Stockholm-based Stena RoRo has taken delivery of the lengthened roll-on/roll-off passenger vessel (Ro-Pax) Stena Scandica to operate in the Baltic Sea. Formerly named Stena Lagan, the ship arrived at Sedef...
With the conclusion of the International Maritime Organization’s MEPC 76 meeting, several major shipping industry bodies are calling on governments to make good on their word and not waste any...
The U.S. Bureau of Safety and Environmental Enforcement (BSEE) has released findings from its investigation into a serious weather-related accident on board the Transocean drillship Deepwater Asgard last fall. The...
Tokyo-based finance firm Mitsubishi HC Capital Inc. will acquire all outstanding shares of CAI International (NYSE: CAI), one of the world’s leading marine container leasing companies, for $56 per share...
By Jack Wittels (Bloomberg) — Under pressure to decarbonize a global shipping industry that emits more CO2 each year than the U.K. and France combined, the world’s governments agreed a plan...
Inadequate navigational assessment that did not identify the risk of strong cross currents led a towing vessel and barge striking a bridge near Fort Pierce, Florida last August, the National...
By Brian K. Sullivan (Bloomberg) — The U.S. Gulf coast is getting its first tropical-storm warnings of the year, stretching from Louisiana to Florida, including New Orleans, the National Hurricane Center...
By Nick Savvides (The Loadstar) – Chronic congestion in Asia, particularly at Yantian, the US and Europe will force rates higher and will most likely lead to shortages of low-value goods no...
This post is brought to you by DTN and ABB who will be speaking on these issues at an upcoming webinar hosted by gCaptain on Tuesday, June 22, 2021. You...
MADRID, June 17 (Reuters) – Spain has detained a tanker ship for illegally dumping fuel in waters off the Canary Islands and creating a 55-square km (21 square miles) oil...
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The International Maritime Organization’s Marine Environment Protection Committee has concluded its 76th meeting (known as MEPC 76), held remotely from June 10-17, to consider new measures to tackle climate change,...
The International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC 76) has agreed to prohibit the use of heavy fuel oil in the Arctic, although certain exemptions mean a complete...
The IMO’s Marine Environment Protection Committee (MEPC 76) adopted amendments to the International Convention for the Prevention of Pollution from Ships (MARPOL) Annex VI that will require ships to calculate...
Houston-based Great Lakes Dredge & Dock Company (NASDAQ: GLDD) has plead guilty in the Eastern District of Louisiana in connection with an oil spill it caused in 2016 along the Texas...
By Elizabeth Low (Bloomberg) — High-sulfur fuel oil markets are getting a boost as Chinese private refiners hunt for more straight-run fuel oil to use as a feedstock, and a sweltering...
