News
UAE Ban on Cargoes From Sudan in Focus as Crude Tanker Idles
By Nicholas Lua and Verity Ratcliffe (Bloomberg) — A ban by the United Arab Emirates on port access for cargoes from Sudan has started to...
World's First Commercial CO2 Storage Facility Now Operational in North Sea
The world’s first third-party CO2 transport and storage facility is now operational, marking a significant milestone in Europe’s efforts ...
Coast Guard Arrests Drunk Containership Captain Six Times Over Legal Limit in Seattle
The U.S. Coast Guard has arrested the captain of a 333-meter Liberian-flagged containership in Seattle after he was found to be severely ...
US Orders Orsted To Halt Offshore Wind Project, Deepening Industry Woes
Aug 22 (Reuters) – The Trump administration on Friday ordered Denmark’s Orsted ORSTED.CO to stop far-advanced construction on an offshore...
Container Spot Rates Fall for 10th Week After Early Peak
By Alexander Whiteman (The Loadstar) – Container spot rates have experienced their tenth consecutive week of declines – albeit with indic...
Container Shipping Rates Keep Dropping as Tariff Surge Runs Out of Steam
Drewry’s World Container Index decreased 4% to $2,250 per 40ft container this week, marking the tenth consecutive week of decline as the ...
Golden Ocean Shareholders Approve Merger with CMB.TECH, Creating Maritime Giant
Shareholders of Golden Ocean Group Limited (NASDAQ: GOGL & Euronext Oslo Børs: GOGL) have approved the stock-for-stock merger with CMB.TE...
Hurricane Erin Threatens Atlantic Shipping Routes with Massive 16-Meter Waves
Hurricane Erin is generating dangerous sea conditions across the western Atlantic with forecasted significant wave heights reaching extre...
From Alaska With Love: Russia's Shadow LNG Fleet Set Sail for China As Trump-Putin Summit Unfolded
Five sanctioned LNG carriers, part of Russia’s shadow fleet, got underway as the Trump-Putin meeting took place in Alaska, or changed cou...