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By Mike Wackett (The Loadstar) – The outlook for ocean carriers is a sharp decline in earnings this year, as average freight rates fall and inflation drives cost increases hitting …
By William Mathis (Bloomberg) — Orsted A/S, the world’s largest developer of offshore wind farms, said its biggest project in the UK is at risk of being scrapped without government …
By Alex Lawler LONDON, March 6 (Reuters) – The United Arab Emirates has been taking more cargoes of Russian crude oil, according to ship tracking data and trading sources, in …
By Enrico Dela Cruz and Adrian Portugal MANILA/POLA, Oriental Mindoro, March 6 (Reuters) – Philippine authorities believe they have found the location of a tanker that sank off a central …
Conditions in the global supply chain have returned to normal after three-years of pandemic-induced disruptions, according to the Federal Reserve Bank of New York. The latest reading of the NY …
By Sherry Su (Bloomberg) — A large amount of Russian oil continues to be transfered between tankers just a few miles off the coast of Spain — just a few …
March 6 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest level since late December on Monday, supported …
CAIRO, March 5 (Reuters) – A container ship that broke down in Egypt’s Suez Canal on Sunday causing some traffic to be diverted has resumed its journey, the Canal Authority …
By David Stanway March 5 (Reuters) – Negotiators from more than 100 countries completed a U.N. treaty to protect the high seas on Saturday, a long-awaited step that environmental groups …
SYDNEY, March 4 (Reuters) – A joint U.S. and Australian law enforcement operation busted an international drug ring after intercepting 2.4 tonnes of cocaine aboard a vessel off the coast …
By Áine Quinn and Megan Durisin (Bloomberg) –After a slow start to the season, Russia’s grain exports are booming as buyers load up on its attractive bumper supplies. The country’s …
By Lisa Fleisher (Bloomberg) –What do buyers of the world’s largest yachts want these days? Same thing that we all wanted more of during pandemic lockdowns: more space and a …
MANILA, March 4 (Reuters) – The Philippines said on Saturday it had spotted a Chinese navy ship and dozens of militia vessels around a contested Philippine-occupied island in the South …
LONDON (Reuters) – Britain’s Royal Navy said on Thursday it had seized Iranian weapons, including anti-tank guided missiles, last month from a smugglers vessel in international waters in the Gulf …
MILAN, March 4 (Reuters) – Italy’s government will hold a cabinet meeting near the southern seaside town where dozens of bodies washed ashore after a migrant ship broke up on …
Platts, part of S&P Global Commodity Insights, has announced the launch of daily carbon-accounted container freight assessments on 10 key routes from March 1, 2023—a move aimed at providing more …
By Vel Moonien in Mauritius, On Sunday, February 19th, a 98-ton Taiwanese-flagged longliner named Lien Sheng Fa lost radio contact with Taipei while cruising in international waters in the Indian …
By Augustin Turpin and Dina Kartit March 3 (Reuters) – CMA CGM expects the marked slowdown seen in the fourth quarter of 2022 to continue in the current year, the …
Subsea7, a company that provides services to offshore oil and gas industries, has reached a deal to acquire a majority of Seaway7’s remaining shares, giving it full control over its …
By Timothy Gardner and Jarrett Renshaw WASHINGTON, March 3 (Reuters) – The Biden administration is holding talks with global energy companies and foreign officials in an effort to set standards …
