The U.S. Army Corps of Engineers said Thursday it expects to open a new channel to the Port of Baltimore by the end of April, freeing up commercial shipping blocked by a collapsed…
The northern Chinese port of Tangshan in Hebei province plans to build a 300,000 tonnes-class bulk cargo berth and a 300,000 tonnes-class ore berth. With a thirty-month construction period, these two new berths…
Ocean Network Express (ONE) to deploy 16 transpacific services starting from February 2025 as Hapag-Lloyd exits The Alliance. The Transpacific product consists of 16 main services, including eight Asia-US West Coast South services, three Asia…
More than a fifth of global oil refining capacity is at risk of closure, energy consultancy Wood Mackenzie found in analysis published on Thursday, as gasoline margins weaken and the pressure to reduce…
At about 1:30 am ET March 26 the Singapore-flagged Dali struck the 1.6 mile-long bridge that straddles the Patapsco River and marks the outermost crossing of the Baltimore Harbor area, causing its collapse….
With several big shipping companies diverting their routes away from the Red Sea due to current conflicts, the delivery of shipping containers and consumer goods is taking longer than usual. As a result…
Yemen-based Houthi militants could keep the promise to extend their attacks to merchant ships in the Indian Ocean, potentially with drones and assisted by Iran and Somali pirates, security specialists said. Since the…
On March 26, the Francis Scott Key Bridge in Baltimore collapsed after being struck by a containership operated by AP Moeller Maersk A/S on an international route between the US east coast and…
For all its ailments and splits, the world economy at large appears to have found a post-pandemic growth plateau – perhaps arguing against hyper-active monetary policy from here, but pulling investors into the…
The Baltic Exchange’s main sea freight index fell for a second straight session on Wednesday, pressured by losses in the larger capesize and panamax vessel segments. The overall index, which factors in rates…