24

Oct

Container Shipping Rates Rise for Second Straight Week as Carriers Push GRIs

This week, the Drewry World Container Index rose by 3% to $1,746 for a 40-foot container. This marks the second week in a row of increases after a 17-week dro...

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24

Oct

Swedish Coast Guard Boards Bulk Carrier Suspected of Dumping Waste in Baltic Sea

Swedish authorities have intercepted a bulk carrier flying the Liberian flag off the coast of Gothenburg after receiving reports that the ship had dumped waste...

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24

Oct

Pakistan Navy Seizes Nearly $1 Billion Worth of Meth and Cocaine in Arabian Sea

The Pakistan Navy, part of the Saudi-led Combined Task Force 150, has confiscated narcotics valued at over $972 million in the Arabian Sea during a special ope...

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20

Oct

Tariff Pressures Push September Cargo Down at Los Angeles-Long Beach Port Complex

The busiest port complex in the country saw a drop in cargo volumes in September. Changes in trade policies and increased tariffs have reduced consumer demand...

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20

Oct

China’s Sanctions on Hanwha Threaten South Korea-U.S. Shipbuilding Ties

On Tuesday, Beijing announced sanctions as the U.S. and China began charging extra port fees on each other's ships, marking a new chapter in their ongoing trad...

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20

Oct

Inside Trump’s Pressure Campaign to Derail Global Shipping Emissions Tax

Environmentalists' Hopes for Shipping Emissions Tax Delayed by U.S. Intervention Environmental advocates were hopeful this year about the possibility of a...

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20

Oct

Fire and Explosion Onboard LPG Tanker in Gulf of Aden Leaves Two Missing

The United Kingdom Maritime Trade Operations (UKMTO) has reported that a vessel was attacked approximately 116 nautical miles east of Aden, Yemen. An unknown p...

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20

Oct

Spy Games and Superyachts: Inside the Italy-China Power Struggle Rocking Luxury Shipyards

By Daniele Lepido and Haze Fan (Bloomberg) The ongoing conflict between Ferretti SpA, an Italian luxury yacht maker, and its leading Chinese investor is gainin...

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20

Oct

Coast Guard’s Jet Upgrade Under Fire Amid Government Shutdown

On October 18, WASHINGTON – Democrats in Congress criticized the Trump administration's choice to purchase two Gulfstream G700 jets for $172 million during the...

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