20

Dec

New York Launches $300M Port Push to Shore Up Offshore Wind Supply Chain

The New York State Energy Research and Development Authority (NYSERDA) announced a $300 million competitive grant program on Friday to support the development...

Read More

20

Dec

U.S. Maritime Regulator Weighs Severe Penalties in Escalating Spain Port Probe

The Federal Maritime Commission (FMC) has announced that Spain's restrictions on access to its ports for cargo connected to Israel may violate U.S. shipping la...

Read More

19

Dec

Container Shipping: Spot Rates Surge 12% as Carriers Regain Pricing Power

This week, global container shipping rates increased by 12%, reaching $2,182 for a 40-foot container. This marks the third week in a row rates have gone up, as...

Read More

19

Dec

Trump’s Tanker Blockade Leaves Venezuela Running Out of Oil Storage

Venezuela might soon need to close some of its oil wells as it faces a shortage of storage capacity. This follows last week’s seizure of a tanker and the Unit...

Read More

19

Dec

Trump Administration Hits Iran’s Shadow Fleet With New Sanctions on 29 Ships

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has introduced extensive new sanctions on Iran, focusing on its shadow fleet oper...

Read More

19

Dec

California Ports Defy Tariff Turbulence as 2025 Ends Near Records

Los Angeles and Long Beach are wrapping up 2025 with near-record cargo volumes, following a surge in imports driven by tariffs, even as the effects of frontloa...

Read More

19

Dec

Improperly Secured Lithium-Ion Battery Cargo Nearly Dooms Ship in the Pacific, NTSB Finds

Improperly secured lithium-ion batteries caused fires on the Genius Star XI during harsh weather on Christmas Day 2023, according to the NTSB. On Chris...

Read More

19

Dec

Venezuela Sends Two Supertankers to China Despite U.S. Blockade Threat

December 18 (Reuters) – Venezuela has given permission for two very large crude carriers (VLCCs) to head to China, according to sources familiar with the c...

Read More

19

Dec

Maersk Completes First Red Sea Voyage in Nearly Two Years

COPENHAGEN, Dec 19 (Reuters) – Danish shipping company Maersk announced on Friday that one of its vessels successfully passed through the Red S...

Read More