World Trade Month recognizes the importance of international trade each May. It highlights how trade between countries creates jobs, opens new business opportunities, and strengthens the global economy. The United States has been celebrating it since 1938, and many events and programs are held throughout...
It is now over six months since the Red Sea crisis began and as expected, Egypt’s Suez Canal has taken a hit with the economic impact now becoming clear. Data released this week for last month shows that revenues of the Suez Canal dropped by...
The Port of Seattle has become the first port in the United States to require that every homeported cruise ship must use shore power. It follows after a similar rule imposed by the state of California, but is the first time that a port has...
The Maersk Mc-Kinney Moller Center has released an upbeat forecast on the future of biogas, suggesting that it could play an important role as a fuel for the green transition - so long as it is carefully managed. In a year-long study, the center determined that biofuel can...
On Monday, a fire broke out aboard a Turkish-owned cargo ship at the port of Haifa, prompting a large-scale response. The general cargo ship Yaf Horizon arrived in Haifa from Russia on June 9, carrying a cargo of iron or steel. The vessel moored alongside at...
A tale of three offerings: The nine-figure equity sales of Dorian, Zim and Torm | Shipping is stuck in the...
[By: Auramarine] Auramarine, the renowned provider of fuel supply systems for the marine, power and process industries, has announced that it has signed a representative agreement with Specs Corporation Ltd., a leading Korean marine equipment and services provider. This strategic partnership underscores Auramarine’s commitment to delivering...
Owners are ready to invest in technology to help reduce carbon footprints, but this hinges on the ability of others...
Another of the historic bulkers operating the Great Lakes declared an emergency today after striking something underwater while underway on Lake Superior, near Grand Portage, Minnesota. The U.S. Coast Guard reports the vessel which is 72 years old was able to stabilize flooding and is...
The percentage of tankers insured with the 12 clubs that comprise the International Group of P&I Clubs was 37%, measured...
