Maersk CEO Sees No Sign of Freight Market Easing This Year
COPENHAGEN, Sept 16 (Reuters) – Danish shipping giant A.P. Moller-Maersk sees no indication that the current red-hot shipping market will lose steam
COPENHAGEN, Sept 16 (Reuters) – Danish shipping giant A.P. Moller-Maersk sees no indication that the current red-hot shipping market will lose steam
A.P. Moller-Maersk, parent company to the world’s largest shipping line, has once again upgraded its guidance for the reminder of the year in a big way,
Another gangbuster month on the books for the Port of Los Angeles. The United States’ top port for freight from Asia reported handling 954,377 TEUs in
During the COVID pandemic the US offshore wind pipeline grew 24%, with 35,324 megawatts now in various stages of
By Alex Longley (Bloomberg) An owner of commodity hauling freighters said rates for the ships are close to the point of spiking sharply higher and mirroring
By Elizabeth Low (Bloomberg) Shipowners and financiers should avoid sinking money into new container vessels despite a global crunch because record orders have
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, The Ocean Cleanup’s young Dutch founder Boyan Slat does not often venture out onto the open ocean and can't fully see why his project is failing but, after
Australia will be only the second country after Britain in 1958 to be given access to U.S. Navy's top secret information for building nuclear-powered
The Ever Ace, the unofficial new title holder for the rank of the world’s largest container ship, has made its maiden call in the United Kingdom.
Today via twitter, President Biden called a ‘Red Alert’ for developing wind energy projects. But as of today, only seven wind turbines have been
Wreck removal crews are continuing work to remove the final two sections of the overturned Golden Ray in St. Simons Sounds. It’s now been 2 years since
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By Vanessa Dezem and Anna Shiryaevskaya (Bloomberg) — Natural gas prices in Europe continued their record-breaking run as uncertainties about supply
The U.S. Federal Maritime Commission has voted to move forward with two demurrage-and-detention related initiatives proposed by Commissioner Rebecca F. Dye as
By Nichola Groom Sept 15 (Reuters) – Vineyard Wind, which is on track to be the first major U.S. offshore wind farm, closed on a $2.3 billion
The U.S. House Transportation and Infrastructure Committee on Tuesday approved $1 billion for U.S. Coast Guard shore side infrastructure nationwide and $350
By Nick Savvides at London International Shipping Week (The Loadstar) – MSC has embraced market-based measures (MBMs) to help the industry meet its
by Emma Thomasson (Reuters) China has denied a German warship entry into a local harbor, a German foreign ministry spokesperson said on Wednesday.
The International Foundation for Aids to Navigation (IFAN) has announced a near $1.2 million investment to promote safe navigation in the Middle East Gulf,
By Alex Longley (Bloomberg) In an already banner year for shipping, commodity carriers just saw their biggest daily gain in a decade. Average rates for giant
by Yuka Obayashi (Reuters) Japan’s biggest hydrogen supplier Iwatani Corp and five other firms said on Wednesday they will study the feasibility of
Marine battery manufacturer Corvus Energy plans an initial public offering (IPO) later this year on the Norwegian Stock Exchange, said the
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New records are being set daily at the Los Angeles-Long Beach Port Complex as ships filled to the brim with cargo continue to pour into U.S. ports amid the
Inaccurate stability calculations caused the capsizing of vehicle carrier Golden Ray with more 4,100 vehicles loaded inside, resulting in a total loss of the
A newbuild hybrid battery-powered expedition cruise ship belonging to Hurtigruten Expeditions has been named in the Arctic archipelago of Svalbard, making
Tokyo-based Mitsui O.S.K. Lines has signed time charter agreements for four newbuild LNG carriers with a unit of Russian natural gas produce Novatek. The
By Marianna Parraga and Liz Hampton Sept 14 (Reuters) – Hurricane Nicholas on Tuesday took another swipe at U.S. Gulf Coast energy facilities, cutting
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