13

Dec

Five-Year UK Legal Fight Over Car Carrier Cartel Nears End With $72M Settlement

A legal fight lasting five years in the UK against major shipping companies involved in a car carrier cartel has ended with a proposed settlement of £54 milli...

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13

Dec

Loose Wire, Fatal Consequences: NTSB Report Blames Electrical Failure for Francis Scott Key Bridge Collapse

The National Transportation Safety Board (NTSB) has determined that the collapse of Baltimore's Francis Scott Key Bridge in March 2024, which resulted in the d...

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13

Dec

Supertanker Skipper Seized by US Near Venezuela is Heading to Houston, Sources Say

HOUSTON, Dec 12 (Reuters) – The oil supertanker Skipper has been seized by the U.S. near Venezuela this week as part of efforts to increase pressure on Preside...

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13

Dec

Tanker Seizure Just the Start as Trump Ups Pressure on Venezuela

(Bloomberg) — The recent seizure of a large oil supertanker off the coast of Venezuela marks the start of a new phase in the Trump administration's inte...

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13

Dec

U.S. Supply Chains Show Signs of Stabilizing After Year of Tariff Turbulence

U.S. supply chains are beginning to show signs of recovery after a year filled with major disruptions caused by tariffs, according to project44's December Tari...

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13

Dec

Grounded MSC Baltic III’s Hull Further Compromised After Winter Storms

The container ship MSC Baltic III, which is currently grounded, has suffered more damage after facing severe weather in Cedar Cove, Newfoundland, earlier this...

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13

Dec

Trump Administration Weighs Offshore Minerals Leasing Off Virginia

The Bureau of Ocean Energy Management (BOEM) has begun the process for a potential mineral lease sale in federal waters off the Virginia coast. This marks only...

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12

Dec

U.S. Tanker Seizure Puts 30+ Sanctioned Vessels in Venezuela on Notice

By Marianna Parraga and Jonathan Saul HOUSTON/LONDON, Dec 10 (Reuters) – More than 30 oil vessels sanctioned by the U.S. for doing business in Venezuela may fa...

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12

Dec

Container Shipping Index Climbs for Second Week as Asia-Europe Rates Surge, Transpacific Slumps

This week, the Drewry World Container Index increased by 2%, reaching $1,957 for a 40-foot container. This marks the second weekly rise, mainly due to stronger...

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