A steering control system component failure on the multi-purpose carrier BBC Africa resulted in a collision with the bulk carrier Common Faith in the Houston… Weiterlesen »Micro Switch Failure Caused $1.1 Million Houston Ship Channel Collision, NTSB Finds

Britain, France and Germany launched a 30-day process to reimpose U.N. sanctions on Iran over its nuclear program on Thursday, according to a letter sent by the three nations… Weiterlesen »Iran is Facing a Return of UN Sanctions – What Happens Now? 

COSCO Shipping Ports is facing “challenges” with its international investments amid pressures from the U.S. trade war, its managing director said in Hong Kong on Thursday.

V.Ships Norway A.S. has pleaded guilty to violating the Act to Prevent Pollution from Ships and will pay a $2 million fine after admitting to… Weiterlesen »V.Ships Norway Fined $2 Million for Illegal Oil Discharges from Tanker

A gas carrier in service of Russia’s sanctioned Arctic LNG 2 project has docked at a Chinese terminal for the first time, ending more than… Weiterlesen »Russia’s Arctic LNG 2 Delivers First Cargo to China After Year-Long Wait, Signaling Possible Shift in Beijing’s Sanctions Stance

Port Houston has reported exceptional growth in July, with container volumes surging 21% compared to July 2024, reaching 392,829 TEUs in one of the port’s… Weiterlesen »Port Houston Achieves Record Container Growth as Infrastructure Investments Accelerate

Russia’s sanctioned Arctic LNG 2 project boosted gas output to record levels this month as the export facility keeps loading cargoes that have struggled to… Weiterlesen »Russia’s Sanctioned Arctic LNG Plant Boosts Output to New Record

 India saved billions of dollars by stepping up imports of discounted Russian oil in the wake of the war in Ukraine, but punitive tariffs imposed by the… Weiterlesen »India’s Russian Oil Gains Wiped Out by Trump’s Tariffs

The race for cargo has begun between carriers as volumes dip and fleet growth hits its new record, with the alliances eyeing different tactics.  

U.S. President Donald Trump’s doubling of tariffs on imports from India to as much as 50% took effect as scheduled on Wednesday, dealing a serious blow to… Weiterlesen »Trump Doubles Tariffs on India Over Russian Oil Purchases