07

Feb

Coast Guard Nets 100+ Tons of Cocaine in Eastern Pacific Drug Crackdown

On Thursday, the U.S. Coast Guard announced that it has seized over 200,000 pounds of cocaine in the Eastern Pacific since it started Operation Pacific Viper i...

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07

Feb

U.S. Sanctions Iran’s Shadow Fleet as Nuclear Talks Resume

The United States has introduced a new set of sanctions specifically targeting Iran’s shadow fleet. These sanctions are aimed at the ships, managers, and trade...

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07

Feb

Supertankers Speed Through Strait of Hormuz as Geopolitical Risk Mounts

By Weilun Soon (Bloomberg) — Some supertanker operators are feeling anxious about rising tensions between the US and Iran, along with the potential risks to sh...

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07

Feb

Labor Department Eases Insurance Rules for U.S. Shipbuilders

The U.S. Department of Labor has released new guidance that makes it easier for shipbuilding and other key industries regarding insurance requirements. This ch...

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06

Feb

Maersk Posts Q4 Ocean Loss as Red Sea Reopening Tests Cost Discipline

A.P. Moller – Maersk reported a loss in its Ocean division for the fourth quarter, marking its first quarterly loss in several years. The company is facing cha...

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06

Feb

Container Rates Slide for Fourth Week as Pre-Lunar New Year Surge Fizzles

Worldwide container shipping rates have decreased for the fourth week in a row, dropping 7% to $1,959 for a 40-foot container. This decline comes as shipping c...

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06

Feb

China Tells State Firms to Freeze Panama Projects After Canal Ports Ruling

China is asking its state-owned companies to stop discussions about new projects in Panama. This decision is part of a broader response from Beijing after Pana...

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06

Feb

TEN CEO: Shadow Fleet Crunch Has Pushed Tanker Rates to Rare Levels

```html The current geopolitical climate is changing global energy trade routes, with sanctions causing almost a third of the world's tankers to operate in the...

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06

Feb

MAIB Calls for Mandatory Navigation Training After Tanker–Trawler Collision in Firth of Clyde

A recent collision between an oil tanker and a fishing trawler in Scotland's Firth of Clyde has led investigators to recommend mandatory navigation training fo...

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