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By Javier Blas (Bloomberg) Every day, dozens of oil tankers cross the narrow waterway. It’s a linchpin of global trade. Shut it down and gasoline prices spike everywhere. Right now, …
(Reuters) – Russian nuclear-powered submarines fired cruise missiles in the Arctic on Friday as part of military drills designed to test Moscow’s readiness for a possible conflict in its icy …
(Bloomberg) –Benchmark oil tanker earnings topped $50,000 a day for the first time in more than two years as Russia’s invasion of Ukraine upends global crude flows. Rates for giant …
KYIV, Sept 17 (Reuters) – The third vessel charted by the United Nations World Food Program (WFP), left Ukraine’s Chornomorsk Black Sea port with around 30,000 tonnes of wheat on …
TOKYO, Sept 17 (Reuters) – The Japan Meteorological Agency issued a special typhoon warning on Saturday for Kagoshima prefecture on Kyushu, the southernmost of Japan’s main islands, as the region …
MIAMI — The crew of the USCGC Legare (WMEC 912) offloaded approximately 24,700 pounds of cocaine and 3,892 pounds of marijuana, worth an estimated $475 million, Thursday at Base Miami …
Sept 16 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, marked its best week in over seven months, largely driven by …
Sept 16 (Reuters) – The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, marked its best week in over seven months, largely driven by …
PARIS, Sept 15 (Reuters) – A Russian billionaire is suing French authorities in an effort to win back access to two of his yachts, arguing customs officials did not have …
By Augusta Saraiva (Bloomberg) — The number of containers arriving at the busiest US port of Los Angeles dropped by the most since the early days of the Covid-19 pandemic …
In anticipation of heavy weather, officials in Gibraltar are agreeing to a plan to sink the stern section of the grounded OS 35 bulk carrier off the city’s coast. The …
There’s been a lot of speculation about when and how fast the container shipping market would return to pre-pandemic norms. Today there is more hard data indicating the pandemic-fueled bull …
By Augusta Saraiva (Bloomberg) — US freight-rail companies need to turn their focus to clearing a backlog of containers at ports and at inland train terminals now that they have …
By Lisa Baertlein and Doyinsola Oladipo LOS ANGELES/NEW YORK, Sept 15 (Reuters) – Union railworkers in the United States scored a potential key victory in their fight for improved pay …
By Jamie Freed and Casey Hall SYDNEY/SHANGHAI, Sept 16 (Reuters) – Global trade bellwethers like FedEx and Cathay Pacific Airways. have cast a pall over the year-end holiday shopping season …
The Port of Long Beach on Thursday reported having its second busiest August on record, with cargo volumes less than 1,000 TEUs off its monthly record and even surpassing its …
The import surge at the Port of Los Angeles slowed in August as predicted as the nation’s busiest container port is finally starting to see cargo volume growth ease. Executive …
By Trevor Hunnicutt, David Shepardson and Steve Holland WASHINGTON, Sept 15 (Reuters) – President Joe Biden’s administration secured a tentative deal on Thursday to avert a railway strike that could
American consumers are continuing to spend their money on retail goods despite persistent inflation and rising interest rates, the National Retail Federation said Thursday. Jobs and higher wages help
The Biden Administration will advance lease areas in deeper waters in order to deploy 15 GW of floating offshore wind capacity by 2035—building on the President’s existing goal of deploying …
