French shipping group CMA CGM has reported $567 million in profit in the third quarter of 2020 amid a “marked recovery” in container volumes. CMA CGM’s Board of Directors met...
By Shipping Australia – Shipping Australia is very concerned about the ongoing crisis caused by a lack of crew changes. Hundreds of thousands of people are trapped at sea and hundreds...
By Ellen Wulfhorst NEW YORK, Nov 19 (Thomson Reuters Foundation) – Tributes to victims of the transatlantic slave trade can be found in museums and through statues, but a new...
The International Maritime Organization’s Marine Environment Protection Committee (MEPC) met virtually for its 75th session this week to consider (and approve) new measures to cut emissions from ships, building on...
LONDON, Nov 20 (Reuters) – The United Nations shipping agency on Friday approved a ban on the use of heavy fuel oil in the Arctic region in a move criticised by green...
Lower Lakes Towing is a ubiquitous name in Great Lakes shipping. Together with their sister-company Grand River Navigation, they form the only trans-national fleet operating on the Great Lakes. Capt....
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Nov 19 (Reuters) – The Trump administration on Thursday proposed to loosen Obama-era safety regulations for the oil industry in the Arctic Ocean off Alaska to ease the way for...
Norwegian shipbuilding group Havyard has announced that its new hydrogen propulsion system for large ocean-going ships should be completed next year as the shipping industry looks to hydrogen as a...
LONDON, Nov 19 (Reuters) – Prime Minister Boris Johnson pledged to restore Britain’s navy to its position as Europe’s most powerful maritime force on Thursday, highlighting that shipbuilding could also help heal...
The U.S. Coast Guard Cutter Stratton has returned to its homeport in Alameda, California after 11 crew members tested positive for COVID-19 during its deployment in the Eastern Pacific. According...
The third of four ASD-90 Class tugs for Foss Maritime has been launched at Nichols Brothers Boat Builders yard in Freeland, Washington this week. The 100’ x 40’ Z-Drive tractor...
DUBAI, Nov 19 (Reuters) – Iran’s elite Revolutionary Guards have added a warship capable of carrying aircraft, missile launchers and drones to its naval fleet, state media said on Thursday,...
By Devika Krishna Kumar, Olga Yagova and Noah Browning NEW YORK/MOSCOW/LONDON, Nov 19 (Reuters) – China, the global oil market’s lifeline this year, has stepped up purchases from exporters like...
By Kate Abnett BRUSSELS, Nov 19 (Reuters) – The European Union unveiled plans on Thursday to transform its electricity system to rely mostly on renewables within a decade and increase...
By Lisa Baertlein LOS ANGELES, Nov 18 (Reuters) – Record cargo imports are causing delays that are rippling from the nation’s busiest U.S. port complex to other parts of the...
Video shows the moment the cargo ship MV Mentari Crystal capsized and partially sank at the Teluk Lamong Terminal at the Port of Tanjung Perak in Indonesia on November 16,...
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By Ewa Krukowska (Bloomberg) — The European Union wants a massive increase in offshore wind to help clean up the electricity industry and aid the recovery after the pandemic. To meet...
By Christian Wienberg (Bloomberg) — The chief executive officer of the world’s biggest container shipping company says trade relations between Europe and the U.S. will probably become more “collaborative” under the...
SINGAPORE, Nov 18 (Reuters) – Global container shipping rates have surged to records on a spike in restocking demand in the United States and Europe, container scarcity at export hubs, and changes...
By Nichola Groom Nov 18 (Reuters) – The Trump administration’s final sale of oil and gas leases in the Gulf of Mexico generated nearly $121 million in high bids on...
By Jack Wittels and Jessica Shankleman (Bloomberg) — The organization responsible for setting global environmental standards for shipping approved rules designed to curb the industry’s carbon emissions, triggering criticism that its...
