News
India-Bound Tanker Carrying Russian Crude Reverses Course After U.S. Sanctions
By Weilun Soon (Bloomberg) — An India-bound tanker filled with Russian crude reversed course and is now idling in the Baltic Sea, a sign ...
Container Shipping’s October Spot Rate Spike Unlikely to Derail Shippers’ 2026 Contract Leverage
Average spot rates on major front-haul trades from the Far East increased sharply in October, but shippers preparing for 2026 contract ne...
Alabama Port Authority and APM Terminals Commit $131 Million to New Container Berth at Port of Mobile
The Alabama Port Authority and APM Terminals Mobile announced an agreement to proceed with construction of a new 1,300-foot container ber...
Panama Canal Launches Global Consultation Process for New Port Terminals on Both Coasts
The Panama Canal Authority has begun a consultation process with maritime industry representatives to identify potential partners for dev...
Hurricane Melissa Explodes in Strength, Poses Peril For Jamaica
Oct 26, 2025 (Bloomberg) –Storm Melissa exploded in strength overnight, barreling toward an expected landfall Tuesday on Jamaica as a maj...
Interior’s Burgum Floats Shipping Gas From Alaska North Slope
Oct 24, 2025 (Bloomberg) –US Secretary of the Interior Doug Burgum floated the concept of storing natural gas produced in Alaska’s North ...
Container Shipping’s Recycling Backlog Reaches 1.8 Million TEU as Industry Faces Fleet Age Crisis
A recycling overhang of at least 500 container ships totaling 1.8 million TEU has accumulated in the global fleet, according to new analy...
Container Shipping Rates Rise for Second Straight Week as Carriers Push GRIs
The Drewry World Container Index increased 3% to $1,746 per 40-foot container this week, marking the second consecutive week of gains fol...
BIMCO Fast-Tracks New Clause as China Retaliates Against U.S. Port Fees
The Baltic and International Maritime Council is expediting development of a standard industry clause to address contractual uncertaintie...