Gunvor, a global commodity trading company, has pulled its offer to purchase Lukoil's international assets after the U.S. Treasury Department indicated it woul...
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On Thursday, the U.S. Coast Guard successfully rescued five people whose sailing boat started taking on water about 260 nautical miles off the coast of Cape Ha...
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China’s exports unexpectedly declined in October as weak global demand could not counteract the sharp drop in shipments to the US. This is another setback...
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Container spot freight rates on major east-west trades saw a slight increase this week due to the general rate increases (GRIs) on November 1st. However, these...
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A tragic fire in the engine room of the dredging vessel Stuyvesant last November highlighted important lessons about maintenance and machinery startup practice...
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The containership Laust Maersk, which can carry 4,258 TEU, is currently docked outside the Port of Charleston due to a fire in its cargo hold while it was trav...
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Recently, a tanker flying the Maltese flag was attacked by pirates over 700 nautical miles away from Mogadishu, Somalia. This incident adds to a series of pira...
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The shipping company A.P. Moller – Maersk, based in Copenhagen, has updated its financial outlook for 2025. Following a strong third quarter with growth in...
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The U.S. Coast Guard has reported a record seizure of 510,000 pounds of cocaine during the fiscal year 2025, the largest amount ever captured in the agency’s h...
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