Ocean freight container carriers are treading a fine line between risk and reward during new contract negotiations as the market remains gripped by uncertainty in the Red Sea, according to new data on the Xeneta Shipping Index (XSI®).The latest…
Turkey stopped all exports and imports to and from Israel as of Thursday, the Turkish trade ministry said, citing 'worsening humanitarian tragedy' in the Palestinian territories.'Export and import transactions related to Israel have been stopped…
Hawai‘i’s interisland freight company Young Brothers has become the first marine transportation company in the Unites States to install an innovative mooring system designed to improve safety and efficiency.The new $1.5 million ShoreTension…
China’s automotive industry has revolutionised over the past decade, from producing basic western clones to making cars that equal the world’s best. As the manufacturing powerhouse of the world, China is also producing them in huge volumes.However…
The Taliban has agreed with Kazakhstan and Turkmenistan to build a logistics hub in western Afghanistan aimed at making the war-torn nation a major logistics point for regional exports, including oil from Russia to South Asia, the country's commerce minister said…
Lloyd's of London insurers Hiscox and Lancashire do not expect large insurance claims from the collapse of Baltimore's Francis Scott Key Bridge in March that caused widespread disruption, they said on Thursday.Some estimates for the total insured…
In 2018, convicted cocaine trafficker Slobodan Kostovski fled a Brazilian prison and made his way back to Europe with a fake passport.The Serbian senior quickly fell into old habits, police allege. Last August, Kostovski was arrested in Belgrade…
At the Maritime Risk Symposium 2024, scheduled for June 11-13 at Naval Postgraduate School, Monterey, CA, RADM Matt Bell, USCG (Ret.) facilitates a panel entitled: Multi-Service and Maritime Industry Collaboration in the Arctic, to better understand…
Kongsberg Digital concluded a new project funded by FHF (the Norwegian Seafood Research Fund) for the development of its K-Sim Fishery simulator to incorporate a new purse seine application. The new simulator capabilities were demonstrated to…
Crowley and Teamsters Union Local 901 have reached a new labor agreement to extend their longtime partnership into its sixth decade serving the shipping and logistics needs of Puerto Rico.The agreement, recently ratified by union members, covers…
The United States on Wednesday issued hundreds of fresh sanctions targeting Russia over the war in Ukraine in action that took aim at Moscow's circumvention of Western measures, including through China.The U.S. Treasury Department imposed sanctions…
The Port of New Orleans (Port NOLA) announced it has named Amanda Coates as its Chief Commercial Officer, responsible for leading the port’s business development strategies and real estate operations.The Port of New Orleans has the largest public footprint of Louisiana’s ports…
The El Nino climate phenomenon, not climate change, drove lower rainfall last year that reduced the Panama Canal's water levels and contributed to shipping restrictions that disrupted global trade, a study released on Wednesday found.Prioritizing…
U.S. exports of liquefied natural gas (LNG) fell for a fourth consecutive month to 6.19 million metric tons in April from 7.61 million in March on production outages, preliminary data from financial firm LSEG showed on Wednesday.Recurring mechanical problems have hit Freeport LNG…
Logistical constraints at the Port of Vancouver mean waterborne oil exports from the highly anticipated Trans Mountain pipeline expansion due to start up on Wednesday may only be around half what the Canadian government-owned corporation has forecast…
