Shipping

US ports strike causes first shutdown in 50 years

icarussmith20

Oct 45 min read

US ports strike causes first shutdown in 50 years

Tens of thousands of dockworkers have gone on strike indefinitely at ports across much of the US, threatening significant trade and...

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US East Coast port strike set to start Tuesday, says union

icarussmith20

Oct 12 min read

US East Coast port strike set to start Tuesday, says union

WASHINGTON, Sept 29 (Reuters) - A port strike on the U.S. East Coast and Gulf of Mexico will go ahead starting on Tuesday, the...

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US sends submarine to Middle East as tensions grow

icarussmith20

Aug 123 min read

US sends submarine to Middle East as tensions grow

The US has sent a guided missile submarine to the Middle East, as tensions grow in the region. Defence Secretary Lloyd Austin also said...

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Groundbreaking low-carbon sailing cargo ship marks milestone in sustainable maritime transport

icarussmith20

Aug 62 min read

Groundbreaking low-carbon sailing cargo ship marks milestone in sustainable maritime transport

KR delivered a groundbreaking low-carbon sailing cargo ship, SV Juren Ae, to the Marshall Islands Shipping Corporation (MISC) on 31 July....

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Cargo ship hits Baltimore’s Key Bridge, bringing it down. Rescuers are looking for people in water

icarussmith20

Mar 262 min read

Cargo ship hits Baltimore’s Key Bridge, bringing it down. Rescuers are looking for people in water

A container ship rammed into a major bridge in Baltimore early Tuesday, causing it to snap in a few places and plunge into the river...

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Maersk halts Red Sea shipping until further notice after Houthi militant attack

icarussmith20

Jan 32 min read

Maersk halts Red Sea shipping until further notice after Houthi militant attack

Maersk will pause all shipping through the Red Sea and Gulf of Aden until further notice after one of its vessels came under attack from...

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Airbus Wants New Boats To Cut CO2 From Transatlantic Sub Assembly Transport

icarussmith20

Oct 27, 20232 min read

Airbus Wants New Boats To Cut CO2 From Transatlantic Sub Assembly Transport

As the aviation industry looks for new and unique ways to meet emissions goals, European aircraft manufacturer Airbus has unveiled its...

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Wind-powered cargo ship sets sail in a move to make shipping greener

icarussmith20

Aug 22, 20233 min read

Wind-powered cargo ship sets sail in a move to make shipping greener

August 21, (CNN) - A large red cargo ship named Pyxis Ocean set out on its maiden voyage this month. But unlike most others before it,...

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Focus: Historic drought, hot seas slow Panama Canal shipping

icarussmith20

Aug 21, 20234 min read

Focus: Historic drought, hot seas slow Panama Canal shipping

LOS ANGELES/HOUSTON, Aug 21 (Reuters) - Before the Ever Max ship carrying lava lamps, sofas, Halloween costumes and artificial Christmas...

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U.S. Importers Are Managing This Summer’s Higher Shipping Costs

icarussmith20

Aug 18, 20233 min read

U.S. Importers Are Managing This Summer’s Higher Shipping Costs

This year, container shipping companies have managed to recover from a significant decrease in freight rates. However, according to...

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Airfreight market “getting pretty nasty” as rates fall

icarussmith20

Jul 6, 20233 min read

Airfreight market “getting pretty nasty” as rates fall

Airlines are offering lower airfreight rates to avoid losing volumes despite data showing that demand declines have bottomed out. The...

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Analysis: Western curbs on Russian oil products redraw global shipping map

icarussmith20

Apr 6, 20234 min read

Analysis: Western curbs on Russian oil products redraw global shipping map

NEW DELHI/LONDON, April 6 (Reuters) - Global fuel suppliers are turning to longer and costlier routes that produce more carbon emissions...

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Global freight slump deepens at the start of 2023

icarussmith20

Mar 22, 20232 min read

Global freight slump deepens at the start of 2023

LONDON, March 21 (Reuters) - Global freight movements continued to dwindle in the first two months of 2023 as manufacturers and...

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‘Hard to ignore Julie Su’: Biden’s labor secretary pick fights for confirmation

icarussmith20

Mar 13, 20236 min read

‘Hard to ignore Julie Su’: Biden’s labor secretary pick fights for confirmation

Julie Su has come a long way since she first made headlines in 1995 when she, then just 26 years old, was lead lawyer for 72 Thai workers...

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Shipping lines return to proven power of wind

icarussmith20

Feb 7, 20234 min read

Shipping lines return to proven power of wind

Use of rotor sail technology set to boom as new carbon efficiency regulations force change Shipping is going back to the future....

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China's COSCO SHIPPING Holdings to pay over $800 mln for 5.8% stake in COFCO Fortune

icarussmith20

Jan 17, 20231 min read

China's COSCO SHIPPING Holdings to pay over $800 mln for 5.8% stake in COFCO Fortune

BEIJING/HONG KONG, Jan 17 (Reuters) - China's COSCO SHIPPING Holdings (601919.SS) has agreed to pay 5.5 billion yuan ($814 million) to...

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Why is Maersk shaking things up at the executive level?

icarussmith20

Dec 16, 20223 min read

Why is Maersk shaking things up at the executive level?

Shipping giant A.P. Moller-Maersk has confirmed the appointment of Vincent Clerc as its new chief executive officer as they prepare to...

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US government sues Arizona governor for using shipping containers as barrier on Mexico border

icarussmith20

Dec 15, 20222 min read

US government sues Arizona governor for using shipping containers as barrier on Mexico border

The US government has sued Republican governor Doug Ducey and the state of Arizona for building a wall with shipping containers along...

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Protesters block construction of Arizona border wall made of shipping containers

icarussmith20

Dec 14, 20224 min read

Protesters block construction of Arizona border wall made of shipping containers

What started as a small demonstration has turned into a two-week standoff as residents and environmentalists fight outgoing Arizona Gov....

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Deepening Turkey tanker logjam snarls Russia oil sanctions

icarussmith20

Dec 9, 20222 min read

Deepening Turkey tanker logjam snarls Russia oil sanctions

ISTANBUL, Dec 9 (Reuters) - Turkey emerged as a critical stumbling block to a complex international plan to deprive Russia of wartime oil...

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