Port of Los Angeles Executive Director Gene Seroka outlined the Port’s agenda for the coming year to a record 640 attendees at the 10th annual State of the Port event.After acknowledging ongoing wildfire recovery and relief efforts currently underway across Los Angeles…
SailTimer is using innovative technology to crowdsource weather data for ships. This type of data has never existed before, allowing ships to reduce fuel costs and greenhouse gas emissions.GRIB Weather Forecasts are Inaccurate: Let’s Stop Navigating…
The Coast Guard rescued four people Thursday night from a fishing boat after a collision between two fishing boats occurred approximately 10 miles south of Block Island, Rhode Island. At approximately 8:30 p.m. Thursday, Coast Guard Sector…
Maersk will continue to divert vessels away from the Gulf of Aden and Red Sea and toward the southern tip of Africa despite Yemen's Houthis announcing they will curb their attacks on ships, the container shipping giant said on Friday.The Danish…
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday and posted its third straight weekly loss, weighed down by weaker rates across vessel types.The overall index, which factors in rates for capesize…
Ships not linked to Israel could begin returning to the Red Sea in as little as two weeks, DP World's deputy chief executive said, adding that could see freight prices 'come crashing down'.Sea freight prices could drop 'at least 20%, 25%' and that could happen over two to three months…
Vestdavit has achieved a new sales record for the third successive year as its order intake hit an all-time high of Nkr380m in 2024, fueled by increased davit orders from its core naval market as well as the offshore energy sector.“It has been another fantastic year…
The Baltic Exchange's dry bulk sea freight index .BADI, which tracks rates for ships carrying dry bulk commodities, extended losses to a 23-month low on Thursday, dragged by weaker rates across all vessel segments.The overall index, which factors in rates for capesize…
U.S. Secretary of State Marco Rubio will visit Panama during his first overseas trip in the post, a source told Reuters on Thursday, as President Donald Trump makes a push for the United States to take back the Panama Canal that has angered the Central American country…
Freight rates for Russian ESPO Blend oil loading from the Far Eastern port of Kozmino have jumped fivefold amid a lack of vessels after fresh U.S. sanctions cut availability of tankers, three traders said and data showed.Higher freight costs…
Onne Multipurpose Terminal (OMT), International Container Terminal Services, Inc.’s (ICTSI) operation in Nigeria, has purchased and put into operation two new mobile harbor cranes and a container freight station. These investments underscore…
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, fell to its lowest level in 23 months on Wednesday, as rates dipped across all vessel segments.The overall index, which factors in rates for capesize…
Several Texas ports began to resume operations on Wednesday, after winter storm Enzo moved out of the state, according to ports and a shipping notice seen by Reuters.The port of Freeport had resumed vessel operations on Wednesday morning, while…
LyondellBasell Industries will begin the permanent closure of its 263,776 barrel-per-day Houston refinery this coming weekend, said people familiar with plant operations.Layoffs of up to 400 employees at the refinery are scheduled to begin two months after the shutdown begins…
The National Association of Waterfront Employers (NAWE), the leading organization representing U.S. marine terminal operators and stevedores, has expressed its support for the confirmation of Sean Duffy as the Secretary of the U.S. Department of Transportation (DOT)…