Today
Cruise Ships

Round-the-World Cruises Selling Out More Than a Year in Advance

By Fran Golden (Bloomberg) — After a year of isolation and lockdowns, four months on a ship is looking pretty good to cruise super fans. The Covid-19 pandemic was raging in July when Viking...

4 hours ago
Total Views: 622

Shipping

Bankruptcy Judge Orders Removal of Morton Bouchard as Bouchard Transportation’s CEO

A U.S. bankruptcy judge has ordered Morton S. Bouchard III, the long-time CEO of New York-based Bouchard Transportation, to be immediately removed from his position as chief executive officer. The...

5 hours ago
Total Views: 3157

Shipping

Maersk Eindhoven Sets Sail for Los Angeles After Last Month’s Cargo Loss

The Maersk Eindhoven has departed Japan for the U.S. West Coast after operations to remove damaged and dislodged containers after its cargo loss last month. Maersk Eindhoven lost some 260...

6 hours ago
Total Views: 1080

Offshore

New Offshore Wind Foundation Installation Vessel ‘Alfa Lift’ Launched in China

The new offshore wind foundation installation vessel Alfa Lift has been floated out of dry dock at the China Merchants Heavy Industries (CMHI) shipyard where the semi-submersible is under construction...

6 hours ago
Total Views: 605

Offshore

American Petroleum Institute Weighing Support of Carbon Pricing -Source

By Valerie Volcovici WASHINGTON, March 2 (Reuters) – The main U.S. oil industry lobby group, the American Petroleum Institute, is weighing endorsing a price on carbon emissions, a major shift after long resisting...

7 hours ago
Total Views: 208

Ports

Global Cargo Traffic Jam Could Last to 2022

By Thomas Black (Bloomberg) — A cargo traffic jam on the world’s roads, seas and air corridors could easily continue into next year, continuing to increase shipping costs, according to the...

8 hours ago
Total Views: 447

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Today
Louisiana Offshore Oil Port
Ports

Louisiana Offshore Oil Port Loadings Crash to Zero From Record

By Sheela Tobben (Bloomberg) — Crude exports from Louisiana’s offshore supertanker port tumbled to zero as Asian buyers limited purchases to manage high inventories that threaten to overwhelm storage facilities. The...

10 hours ago
Total Views: 1844

port of los angeles cma cgm
Ports

U.S. Imports at Full Speed Show Uneven Global Recovery Pace

By Brendan Murray (Bloomberg) — A surge of imports into the U.S. economy shows little sign of slowing down, clogging American ports and highlighting ways the pandemic is still causing imbalances...

11 hours ago
Total Views: 521

Monday, March 1, 2021
Shipping

Wallenius Wilhelmsen to Reactivate More Ships Amid Improving Market Conditions

Wallenius Wilhelmsen will return three more ships from cold lay-up as it continues to reactivate its fleet amid improving market conditions. The privately-held Norwegian/Swedish Ro-Ro shipping company last spring initiated...

March 1, 2021
Total Views: 3332

Defense

Over 300 Lay-Offs Announced at Newport News Shipbuilding

More than 300 salaried employees at Newport News Shipbuilding in Virginia have been informed they will be laid off as the nation’s leading defense shipbuilder reshapes its workforce. Newport New...

March 1, 2021
Total Views: 9721

Shipping

U.S. Goods-Trade Deficit Widens in January as Imports Surge to a Record

By Eric Martin (Bloomberg) — The U.S. merchandise-trade deficit widened in January as imports climbed to a record high, signaling a continuing recovery in demand from American consumers. The deficit grew...

March 1, 2021
Total Views: 857


Monday, March 1, 2021
Shipping

Middle East Tensions Rise as Israel Says Iran Attacked Ship

By Amy Teibel, Verity Ratcliffe and Arsalan Shahla (Bloomberg) — Israel accused Iran of attacking one of its cargo ships in the Gulf of Oman last week, as tensions mount over the...

March 1, 2021
Total Views: 1984

port of rotterdam
Shipping

Shippers Face Increasing Bunker Surcharges Amid Rising Fuel Costs

By Mike Wackett (The Loadstar) – Higher fuel costs are triggering increases in ocean carrier bunker surcharges, adding more misery for shippers already struggling with record high freight rates and additional fees....

March 1, 2021
Total Views: 861

Accidents

Golden Ray Wreck Removal Hits Hiccup Cutting Section Seven

Crews working to cut up and remove the Golden Ray wreck from Georgia’s St. Simons Sound will shift their focus to another section after a chain failure while cutting the...

March 1, 2021
Total Views: 8379

Shipping

TORM Scoops Up 8 MR Product Tankers from TEAM Tankers

TORM Tankers has announced plans to acquire eight medium-range product tankers from TEAM Tankers for approximately $148 in cash and shares. The eight vessels were all built at Croatia’s Brodotrogir...

March 1, 2021
Total Views: 964

Helios-Ray-roro-explosion-GULF-SECURITY-SHIP
Maritime Security Incidents

Israel’s Netanyahu Blames Iran For Explosion on Israeli Ro-Ro Helios Ray

By Dan Williams JERUSALEM, March 1 (Reuters) – Israeli Prime Minister Benjamin Netanyahu blamed Iran on Monday for an explosion aboard an Israeli-owned ship in the Gulf of Oman last week, an accusation rejected...

March 1, 2021
Total Views: 2012

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Monday, March 1, 2021
Ocean Princess Tanker
finance

VLCC Fire Sale – Singapore Tanker Tycoon O.K. Lim Liquidates One-Third His Fleet To Repay Billions Of Debt

By Jessica Jaganathan (Reuters) – About one-third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part...

March 1, 2021
Total Views: 3289

Sunday, February 28, 2021
Accidents

Israel Widens Search for Ship Behind Oil Spill After Greek Tanker Ruled Out

JERUSALEM, Feb 28 (Reuters) – Israel on Sunday broadened its search for the ship behind an oil spill that blackened its beaches with tar after investigators ruled out one of...

February 28, 2021
Total Views: 2925

Maritime Security Incidents

RoRo Hit By Explosion Hobbles Into Dubai For Assessment

Reuters) – An Israeli-owned ship hit by an explosion in the Gulf of Oman strategic waterway has arrived at a port in Dubai, where is it is due to be...

February 28, 2021
Total Views: 9197

Friday, February 26, 2021
Shipping

Biden Trade Pick Says China Must Deliver on Phase-One Pact

By Eric Martin and Jenny Leonard (Bloomberg) — President Joe Biden’s nominee for trade chief called on China to live up to the commitments in its trade pact with the U.S. — the...

February 26, 2021
Total Views: 2267

Ports

U.S. Retailers See Millions in Sales Delays Amid Shipping Logjam

By Kim Bhasin, Jordyn Holman and Henry Ren (Bloomberg) — Overwhelmed U.S. ports, elevated freight costs and accidents that sent goods plunging to the bottom of the ocean are causing headaches...

February 26, 2021
Total Views: 3144