ocean shipping News Updates

BusinessTechnologyFuelLogistics

Ammonia-Powered Tugboat Shows How to Cut Shipping Emissions

KINGSTON, N.Y. — A tugboat powered by ammonia eased away from the shipyard dock and sailed for the first time to show how the maritime industry can slash carbon dioxide emissions.

September 24, 2024
BusinessLogisticsGlobal Freight

MSC CEO Soren Toft Rules Out New Shipping Alliance

MSC Mediterranean Shipping Co. plans to brave volatile shipping markets on its own, ruling out a new alliance just months before its partnership with A.P. Moller-Maersk A/S ends.

September 10, 2024
BusinessTechnologyLogisticsTCA

World’s Largest Sailing Cargo Ship Crosses the Atlantic

The largest sailing cargo ship in the world has made its maiden voyage across the Atlantic Ocean. Its shipments have a carbon footprint one-tenth that of a standard containership.

September 4, 2024
GovernmentBusinessSafetyLogistics

Global Shipping Strains Spark Fears of an Inflation Comeback

Merchandise trade is withstanding its first post-pandemic shock, with no noticeable flareup of global consumer prices. But that’s not guaranteed to last if snarls prove long-lasting.

July 18, 2024
BusinessLogistics

World Container Shipping Rates Keep Rising

Inflation looks to be easing across the developed world, except for one glaring pocket of hot prices: cargo costs on the high seas.

June 14, 2024
BusinessLogisticsGlobal Freight

Some Shipping Container Costs Hit $10,000

Companies transporting goods from Asia face costs of as much $10,000 for an urgent full-size shipping container over the next month — about double current spot rates.

May 29, 2024
GovernmentBusinessSafetyLogistics

Containership Hit Far in Arabian Sea; Houthis Claim Attack

JERUSALEM — A containership came under attack by a drone in the far reaches of the Arabian Sea, corresponding with a claim by Yemen’s Houthi rebels that they assaulted the ship there.

April 30, 2024
BusinessLogistics

US Ports Report Continued Volume Gains in First Quarter

U.S. ports closed out the first quarter in March with continued year-over-year increases in container volumes.

April 30, 2024
GovernmentBusinessLogistics

House Passes Supply Chain Shipping Bill

The Ocean Shipping Reform Implementation Act, sponsored by Reps. Dusty Johnson and John Garamendi, was approved on March 21 by a vote of 393 to 24.

April 3, 2024
GovernmentBusinessEquipmentLogistics

Truckers Hail New FMC Rule on Overseas Container Fees

The Federal Maritime Commission has issued a final ruling to simplify international container billing practices in a move hailed by truckers.

March 7, 2024