The minimal impact on oil prices from a global deal for record output cuts showed that oil producers have a mountain to climb if they are to restore market balance as the coronavirus shreds demand and sends stockpiles soaring, industry watchers said…
The U.S. Coast Guard Academy announced it is preparing to hold a virtual graduation ceremony on Wednesday, May 20 due to the coronavirus pandemic.The graduating Class of 2020, along with the rest of the Academy Corps of Cadets were on spring…
The Alabama Port Authority completed its 400-foot container dock extension at the APM Terminals Mobile facility on March 20, and three days later, the terminal for the first time simultaneously handled two containerships at the newly expanded berth…
The new coronavirus caused barely a blip in China's imports of major commodities, but this likely underscores the ways China differs from the rest of the world, rather than providing a template for the globe's recovery from the pandemic.China's crude oil imports in March…
Egypt's Suez Canal Zone and its Suez Canal Container Terminal (SCCT) announced an agreement on Tuesday committing to $50 million of investments that they said would help boost competitiveness at Port Said East port.SCCT opened in 2004 and is operated by majority shareholder APM Terminals…
The first ocean-going vessel of 2020 arrived Monday at the Port of Indiana-Burns Harbor, thereby commencing this year's international shipping season at the Great Lakes port.Port officials welcomed the M/V Muntgracht, a 466-foot general cargo carrier…
The marine transportation system (MTS) is critical to both our national security and economic prosperity. The U.S. Coast Guard has an enduring responsibility to safeguard the MTS and enable the uninterrupted flow of maritime commerce. While…
Port of Oakland loaded container volume declined 7.4% in March from 2019 totals. The Port said the cargo decrease resulted from a coronavirus pandemic that has weakened global trade. According to the port, March containerized import volume dropped 10…
The U.S. Centers for Disease Control and Prevention extended its “no sail order” for all cruise ships, as it looks to prevent the spread of the novel coronavirus pandemic.The new CDC order says that cruise ships have to cease operations for up to 100 days…
Berthing operations and truck movement were disrupted over the weekend in at least three ports handled by India's Adani Ports and Special Economic Zone Ltd, India's largest port operator, four sources familiar with the matter told Reuters.There…
The U.S. Coast Guard is giving additional time for vessels impacted by the COVID-19 pandemic to comply with regulations requiring ballast water treatment systems (BWTS) to be installed on board.Recognizing the impact of public health policies…
The pandemic has brought about sudden changes for cargo transportation, impacting shippers and transport companies around the world and potentially increasing the risk environment, particularly for high-value and temperature-sensitive goods…
In its storied 135-year history of NYK, Akihiro Mori now holds a distinguished place in the company, as effective April 1, 2020, Mori becomes the first internally trained seafarer promoted to captain.The story is an important one for the maritime industry as a whole…
OPEC, Russia and other allies outlined plans on Thursday to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered by the coronavirus crisis.But the group…
The International Chamber of Shipping (ICS) has issued new guidance to support the shipping industry in its essential role of ensuring essential goods and commodities, such as energy, food and medical supplies, can be carried to the world during the coronavirus pandemic…
