Shipping Industry News

Salvage crews have removed roughly 1,000 gallons of residual fuel from the grounded barge Defiant near the entrance to San Juan Harbor, significantly reducing environmental risk as officials prepare a plan to refloat the 265-foot vessel. The port remains open, and no pollution or injuries have been reported.

Hapag-Lloyd has agreed to acquire ZIM Integrated Shipping Services for $4.2 billion in a deal that would cement its position among the world’s top five container carriers, expand its Transpacific footprint, and add significant LNG-powered capacity to its fleet.

Funds short Cover, then Re-Short Once Again.

Backgrounders are now believed in a similar spot as cattle feeders when looking at projected margins.

Los Angeles processed 812,000 TEUs in January, down 12% year over year, with exports hitting their lowest monthly level in nearly three years as tariff uncertainty lingers.

The U.S. Maritime Administration (MARAD) has launched a nationwide recruitment drive for its Centers of Excellence program, opening applications for institutions seeking to train the next generation of maritime workers...

The wheat complex is showing weakness on Tuesday across all three markets. Chicago SRW futures are facing losses of 6 to 7 cents, as March is down 12 cents. KC HRW futures are down 3 to 5 cents in the front months. MPLS spring wheat is 2 to 4 cents...

Soybeans are trading with contracts up 2 to 3 ¼ cents at midday. The cmdtyView national average Cash Bean price is up 3 1/2 cents at $10.71 3/4. Soymeal futures are $1.60 to $2.20 lower, with Soy Oil futures 10 to 21 points lower. NOPA stocks are an issue. NOPA...

Corn futures are showing 4 to 6 cent losses across the front months on Tuesday’s midday. The CmdtyView national average Cash Corn price is down 4 1/2 cents at $3.94 3/4. USDA’s FGIS tallied corn export shipments at 1.492 MMT (58.75 mbu) during the week ending on February 12. That...

The most extensive sea ice in 15 years around Russia’s key Baltic Sea commodity ports could curb a chunk of the nation’s vast exports program because of a shortage of vessels that can cope with the conditions.

France released the seized oil tanker GRINCH after imposing a multi-million euro penalty on the vessel's owner for suspected involvement in Russia's shadow fleet evading European oil sanctions.

The latest session of the IMO’s Pollution Prevention and Response Sub-Committee didn’t deliver sweeping new rules, but beneath the technical drafting work, PPR 13 signaled a clear shift toward performance-based environmental oversight. From biofouling and Arctic black carbon to scrubber discharges and low-load engine certification, the focus is moving beyond installed equipment to how ships are actually operated, maintained, and managed over their full lifecycle.