The United States issued sanctions against Cuban state oil company Union Cuba Petroleo (CUPET), the Treasury Department website showed on Thursday, adding more obstacles for the island's government to import much-needed fuel.Washington has imposed sanctions on an array of Cuban entities and people…
The Los Angeles Board of Harbor Commissioners has approved a $3.4 billion annual budget for Fiscal Year (FY) 2026/27 for the Port of Los Angeles. The financial blueprint calls for increased investments in Port operational and community public-access infrastructure…
The Austrian livestock dealer allegedly responsible for the weeks of livestock suffering and death on the Spiridon II is to appear before the Krems Regional Court in Austria on Friday as part of a civil lawsuit. The importers of the animals accuse him of fraud…
Raw sugar futures on ICE hit their lowest in more than a month on Thursday as oil prices remained steady despite escalating hostilities between the U.S. and Iran, while coffee prices gained.SUGAR* Raw sugar fell 0.7% to 13.82 cents per lb at 1448 GMT…
The United States Merchant Marine Academy (USMMA) announced its valedictorian and salutatorian for the Class of 2026, recognizing two midshipmen who have demonstrated exceptional academic achievement, leadership, and perseverance throughout their time at Kings Point…
DP World has launched its first global seagrass restoration initiative on Geoje Island in South Korea, supporting efforts to restore 2.4 hectares of coastal marine habitat over the next four years and enhancing marine biodiversity. The initiative…
Tecon Suape S.A., International Container Terminal Services, Inc.’s (ICTSI) container terminal operation at the Suape Industrial Port Complex in Recife, Brazil, has deployed a new container scanner to strengthen security processes and enhance operational efficiency…
NexusWave, the fully managed, bonded connectivity service from Inmarsat Maritime, a Viasat company, has been awarded Cyber Security Type Approval by ClassNK. The certification follows ClassNK’s assessment of its onboard Information and Communication Technology (ICT) architecture and equipment…
A new joint study using the Port of Rotterdam as a case study “Enabling Nuclear-Powered Feeder Ships: A Joint Development Project on Port Call Feasibility and Regulatory Pathways” has found that existing port safety and risk-management frameworks…
BIMCO has adopted a Biofuel Clause for Time Charter Parties to address legal and operational challenges as the use of low-carbon fuels in shipping increases.As the shipping industry decarbonizes, regulatory frameworks reshape companies’ fuel strategies…
The cost of shipping a container of goods from Asia to the United States has doubled since the start of the Iran war, driven by spiking fuel prices and an uptick in demand from importers who are worried costs will only rise further as the conflict wears on…
ANTWERPEN was delivered to EXMAR, the Belgian gas shipowner and infrastructure developer, a ship powered by WinGD’s X52DF-A ammonia-fueled engine, reported to be the world’s first ocean-going ship designed to operate on ammonia fuel.The achievement is the result of a collaboration between WinGD…
China's trade in major commodities in May underscored that price moves are the primary driver of changes in flows in the world's biggest buyer of natural resources.The headline-grabbing number from customs data was the collapse in crude oil imports to an eight-year low of just 7…
'During April to May, Western Africa’s clean petroleum product (CPP) imports fell 44% year on year, from 1,144 thousand barrels per day (kbpd) to 642 kbpd,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The drop in import volumes cut tonne miles by 47% year on year…
SESCO Cement celebrated the opening of its new cement import terminal located on Port Redwing at Port Tampa Bay. The ribbon cutting ceremony, held at 6035 Diana Toledo Almeida Road in Gibsonton, was attended by company leadership, state officials…