The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has announced sweeping sanctions against an Iranian shadow banking network, targeting over 30… Weiterlesen »New OFAC Sanctions Target Iranian Shadow Banking and Tanker Network

Much of the historic Strand District in Galveston, Texas, is about as tacky as it comes. The 19th-century buildings that line its streets are packed with… Weiterlesen »Why Two Million Tourists Are Boarding Cruise Ships on a Texas Island

Container spot freight rates on the transpacific and Asia-Europe trades saw a massive jump this week, as a series of 1 June general rate increases… Weiterlesen »Container Spot Rates Surge as June GRIs Kick In

The Transport Accident Investigation Commission (TAIC) of New Zealand has called for legislative changes to ban substandard ships from the country’s waters following a series… Weiterlesen »Containership’s Back-to-Back Breakdowns Prompt New Zealand Crackdown on Substandard Ships

A Coast Guard C-130J Super Hercules aircrew conducted an overflight of the burning car carrier Morning Midas on Wednesday, revealing the fire has spread to… Weiterlesen »Coast Guard Overflight Footage Reveals Fire Spreading on Morning Midas Car Carrier Off Alaska Coast

North Korea has launched a warship that was damaged in May upon its attempted first launch, state media KCNA reported on Friday. After restoring the… Weiterlesen »North Korea’s Warship Launched After Botched First Attempt, KCNA Says

Department of Homeland Security Secretary Kristi Noem announced today the cancellation of a delayed Legend-class National Security Cutter contract with Huntington Ingalls Industries (HII), resulting… Weiterlesen »DHS Cancels $260M Coast Guard Cutter Contract with Huntington Ingalls

Container shipping rates continued their climb this week, fueled by the temporary tariff pause between the U.S. and China, but there are signs that demand… Weiterlesen »The Tariff-Fueled Container Rally May Be Running Out of Steam

The U.S. trade deficit narrowed sharply in April, with imports decreasing by the most on record as the front-running of goods ahead of tariffs ebbed,… Weiterlesen »U.S. Trade Deficit Narrows Sharply in April as Imports Post Record Drop

The U.S. Department of Justice has filed criminal charges against former ship captain John Merrone for allegedly drugging and sexually assaulting a U.S. Merchant Marine… Weiterlesen »DOJ Files Criminal Charges Against Ship Captain for Sexual Assault at Sea