27

Feb

Container Spot Rates Extend Losing Streak Despite Factory Reopenings

The Drewry World Container Index reported that global container shipping rates have dropped by 1% this week, reaching $1,899 for a 40-foot container. This mark...

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27

Feb

Trump Admin Launches Environmental Review for California Offshore Oil Lease Sales

The U.S. Bureau of Ocean Energy Management (BOEM) announced on Wednesday that it will start preparing a programmatic environmental impact statement (PEIS) to a...

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27

Feb

Permanent Docking Pier Reaches McMurdo Station After 9,100-Nautical-Mile Tow

The McMurdo Docking Pier has arrived at McMurdo Station, the U.S. research facility in Antarctica, after a journey of 9,159 nautical miles across the Pacific a...

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27

Feb

Panama Officials Search CK Hutchison’s Local Office, Source Says

PANAMA CITY, Feb 26 (Reuters) – Panamanian officials conducted a search at a port facility operated by Hong Kong's CK Hutchison in Panama on Thursday. This act...

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27

Feb

Sinokor’s VLCC Blitz Sends U.S. Gulf Rates to Pandemic-Era Highs

By Alex Longley and Weilun Soon (Bloomberg) — A bold investment by a shipowner in oil tankers has given them significant power, allowing them to control a larg...

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27

Feb

Huge Supertanker Bet Keeps Growing With US Gulf Locked Up

February 26, 2026 – A major shift in the oil tanker market is happening as South Korea's Sinokor group, backed by Mediterranean Shipping Co., takes control of...

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26

Feb

NexusWave powers Vega Reederei’s new eco fleet with bonded connectivity

This year, the ship owner will equip new compact and eco-friendly cargo vessels with Inmarsat Maritime's bonded connectivity solution, ensuring they meet the d...

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26

Feb

U.S. Treasury Sanctions 12 Tankers in Iran’s Shadow Fleet

Today, the U.S. Department of the Treasury increased its pressure on Iran by sanctioning more than 30 entities, individuals, and ships. This coordinated...

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26

Feb

Maersk’s APM Terminals Takes the Helm at Panama’s Port of Balboa

APM Terminals has started temporary operations at Panama's Port of Balboa on the Pacific coast, kicking off an 18-month stabilization phase. This step aims to...

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