The Drewry World Container Index increased 4% to $1,822 per 40-foot container this week, marking the third straight week of gains following a prolonged 17-week… Weiterlesen »Container Spot Rates Climb for Third Week, But Drewry Warns Momentum Unlikely to Last

A sanctioned liquefied natural gas (LNG) tanker made a ship-to-ship (STS) transfer off the coast of Malaysia after picking up a cargo from a Russian export terminal… Weiterlesen »US-Sanctioned Tanker Conducts LNG Transfer in Malaysian Waters, Kpler and Vortexa Confirm

U.S. President Donald Trump said on Thursday he had agreed with President Xi Jinping to trim tariffs on China in exchange for Beijing cracking down on the illicit… Weiterlesen »Trump Shaves China Tariffs in Trade Truce With Xi

The US and China have agreed to suspend tit-for-tat shipping levies on vessels linked to the other for one year, according to Beijing, deescalating a dispute that… Weiterlesen »U.S. and China Suspend Tit-for-Tat Port Fees By One Year

U.S. President Donald Trump kicked off a meeting with China’s leader Xi Jinping at a South Korean air base on Thursday optimistic about striking a trade-war truce between the… Weiterlesen »Trump Seeks Trade-War Truce With China’s Xi in South Korea Talks

In a surprise move the EU has unsanctioned two polar class heavy lift vessels, Audax and Pugnax. The vessels were purpose-built for the construction of… Weiterlesen »EU Lifts Sanctions on Heavy-Load Carriers ‘Audax’ and ‘Pugnax’ Involved in Russian Arctic LNG Construction

President Trump announced on Wednesday that South Korea will construct a nuclear-powered submarine in Philadelphia as part of a $350 billion trade agreement between the… Weiterlesen »Trump Says South Korea to Build Nuclear Submarine at Philadelphia Shipyard Lacking the Capability

Newly imposed U.S. and EU sanctions targeting Russia and its oil giants Rosneft and Lukoil have yet to disrupt physical crude shipments from the country’s… Weiterlesen »Russia’s Western Oil Exports Hold Steady Despite New U.S. and EU Sanctions

The Coast Guard and Texas General Land Office are responding to an oil discharge near Galveston, Texas, following an incident that occurred Tuesday evening. Coast… Weiterlesen »Coast Guard Responds to Oil Spill at Port of Galveston Following Vessel Allision

Senate Judiciary Committee Democrats led by Vermont Senator Peter Welch are demanding the Department of Justice hand over all legal opinions justifying military strikes against… Weiterlesen »Senate Democrats Demand Legal Justification for Military Strikes Against Drug Vessels