Shipping Industry News

Cargo volume at the Port of Long Beach decreased significantly in June, with dockworkers processing 704,403 twenty-foot equivalent units (TEUs), representing a 16.4% drop compared to the same month last...

U.S. Transportation Secretary Sean P. Duffy has announced $488 million in awards from the Better Utilizing Investments to Leverage Development (BUILD) grant program, with approximately $64.6 million dedicated to maritime...

Two senior officials at the White House National Security Council have left their roles in recent days, according to two sources familiar with the moves, the latest departures for a body that has been cut sharply in recent months.

Chinese shipyards have seen their global market share drop dramatically from 72% to 52% in the first half of 2025, according to a new analysis from BIMCO. “In the first...

Swiss marine power company WinGD has achieved a significant milestone in maritime decarbonization with the successful delivery and installation of the world’s first ammonia-fuelled two-stroke marine engine. The X52DF-A engine...

The U.S.’ newly acquired icebreaker Storis (formerly Aiviq) arrived in Seattle following a six-week voyage from Bollinger Shipyards in Mississippi. “In a historic journey that marked the start of her legendary service as a Coast Guard icebreaker, the Coast Guard Cutter Storis sailed from Mississippi, transited the Panama Canal, and made her way to Seattle for the first time,” said Capt. Corey Kerns commanding officer of Storis.

WASHINGTON, July 15 (Reuters) – Two senior officials at the White House National Security Council have left their roles in recent days, according to two sources familiar with the moves,...

Seaspan Vancouver Shipyards has signed a Memorandum of Understanding with Ontario-based Stigterstaal Canada and Algoma Steel Inc. to establish a domestic steel supply chain for shipbuilding in Canada. The agreement,...

U.S. President Donald Trump's administration will delay by two years a final rule designating protections for the endangered Rice's whale in the oil and gas drilling region of the Gulf of Mexico, according to an agreement with environmental groups filed in a federal court.

Genco Shipping & Trading Limited (NYSE:GNK), the largest U.S.-headquartered drybulk shipowner, has closed a $600 million revolving credit facility that will provide “significant capacity to pursue accretive growth opportunities.” The...

The European Union did not approve the 18th Russia sanctions package on Tuesday, the EU's foreign chief Kaja Kallas said after a meeting with EU foreign ministers in Brussels.

Russia’s crude exports hit a one-month high, driven by a surge in weekly flows that coincided with a sharp drop in refinery runs. The increase came before President Donald Trump’s threat of secondary tariffs on buyers of Russian oil if Moscow fails to make a swift peace with Ukraine.