By Arathy Somasekhar HOUSTON, Nov 4 (Reuters) – The difference in prices for U.S. shale oil in West Texas and at Houston has widened in the last two months on dwindling pipeline space to move the crude to...

International Maritime Organization (IMO) Secretary-General Arsenio Dominguez has completed a diplomatic tour of Red Sea countries, addressing the escalating crisis that threatens global trade and seafarer safety. The crisis began...

Oct 30 (Reuters) – U.S. shippers are steering clear of East and Gulf Coast ports amid worries the 45,000 dockworkers at those trade hubs will go on strike again if their union leader does not land...

By Gavin van Marle (The Loadstar) – Container shipping lines on the main east-west trades this week managed to reverse 15 weeks of consecutive declines in spot freight rates by managing...

As the U.S. presidential election nears, Simon Heaney, Senior Manager of Container Shipping at Drewry, has provided insight into how each candidate’s approach to trade and economic policies could influence...

Ocean Network Express (ONE), the world’s sixth-largest ocean carrier by capacity, reported robust financial results for its second quarter of FY2024 (July to September). The company’s revenue soared to $5.9...

In the latest case in the United States’ ongoing crack down against marine pollution, Mexico-based shipmanager Gremex Shipping S.A. has been sentenced for deliberately concealing illegal discharges of oily bilge...

TOKYO, Oct 31 (Reuters) – Japan’s Mitsui O.S.K. Lines (MOL) may be unable to deliver tankers for Russia’s sanctions-hit Arctic LNG 2 project, it said on Thursday, in a blow to the plant that only...

A.P. Moller – Maersk, the global shipping giant, has reported strong third-quarter performance, driven by strong container market demand and ongoing instability in the Red Sea. On Thursday, the company...

The U.S. continues its effort to freeze Russia’s burgeoning Arctic LNG sector. In a new round of sanctions the State Department targeted transport and shipping companies providing services to the...

By Ira Breskin BOSTON — The refrigerated cargo/reefer business has emerged as an unexpected port and terminal industry “super star,” speakers said this week here at the annual meeting of...

By Anna Shiryaevskaya (Bloomberg) — Tankers carrying sanctioned liquefied natural gas from Russia are gathering off the country’s far eastern coast, a sign of the difficulties in finding buyers in the...