21

Nov

Container Shipping Rates Hold Steady as Transpacific and Asia-Europe Routes Diverge

This week, the Drewry World Container Index stayed the same at $1,852 for a 40-foot container. Falling rates on Transpacific routes were balanced out by risin...

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21

Nov

Coast Guard Seizes Record Drugs at Sea While Parallel Military Campaign Sparks International Criticism

This week, the U.S. Coast Guard Cutter Stone delivered about 49,010 pounds of illegal drugs worth over $362 million at Port Everglades. This marks the largest...

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21

Nov

South Korea Arrests Crew Members for Negligence After Ferry Runs Aground

SEOUL, Nov 20 – South Korea's coast guard started an investigation on Thursday into a ferry that ran aground. They arrested the first officer and an Indonesian...

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21

Nov

Shipping Giants Race to Speed Up China-Peru Trade With New Route

Competition to boost maritime trade between China and Peru is intensifying with the opening of a new Chinese-owned port on Peru's Pacific coast. MSC Mediterr...

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21

Nov

Moody’s: U.S. Ports Face Decline as Tariffs and Policy Uncertainty Cloud 2026 Outlook

The US ports sector is preparing for a tough year ahead due to tariffs, unpredictable policies, and declining consumer demand, which could reverse recent growt...

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21

Nov

Interior Department Orders New Five-Year Offshore Leasing Plan, Replacing Biden-Era Program

The Department of the Interior has announced a major change to the country's offshore oil and gas leasing system. They are directing the Bureau of Ocean Energy...

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20

Nov

South Korean Ferry Carrying 267 Passengers Runs Aground Near Jindo

SEOUL, Nov 19 (Reuters): A South Korean passenger ferry with 267 people on board ran aground on Wednesday near the southwestern coast of the Korean peninsu...

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20

Nov

Crude Tanker Order Book Hits Nine-Year High as Fleet Renewal Accelerates

The crude tanker industry is currently seeing its biggest shipbuilding boom in almost ten years. The ratio of orders to the existing fleet has risen to 14.1 p...

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20

Nov

FMC Secures $1.35 Million in Shipping Act Penalties from Two Carriers

The U.S. Federal Maritime Commission (FMC) has wrapped up two enforcement actions, resulting in $1.35 million in fines from a major shipping company and a non-...

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