Efforts to dislodge a giant container ship blocking the Suez Canal have allowed its stern and rudder to move, but it remains unclear when the vessel will be refloated, the head of the canal authority said on Saturday.The 400 metre (430 yard) long Ever Given became wedged diagonally across a southern section of the canal amid high winds early on Tuesday
Unable to get a slot on a container vessel, Lee Sang-hoon is considering using fishing trawlers docked for repair in the South Korean port of Busan to meet surging export orders for the car engine oil he sells to Russia."China is the black hole in this shipping crisis, all the carriers are headed there," said Lee, owner of Dongkwang International Co. in Busan which makes about 20 billion won ($17.
Oil prices jumped about 6% on Wednesday after a ship ran aground in the Suez Canal, and worries that the incident could tie up crude shipments gave prices a boost after a slide over the last week.The crude benchmarks, U.S. crude and London-based Brent, added to gains after U.S. inventory figures showed a further rebound in refining activity, suggesting U.S.
Container shipping line CMA CGM is to expand its fleet of natural gas-powered vessels to cover the busy trans-Pacific route between China and the United States as part of a push to use the fuel to reduce pollution, the group said on Thursday.CMA CGM will deploy by next year six chartered ships with a capacity of 15,000 20-foot equivalent units (TEU) each on its China-Los Angeles service
Some 200 workers from 27 nations are building a hybrid sailboat on the Pacific coast of Costa Rica designed to carry 350 tons of goods, hoping to demonstrate that in the 21st century it is possible to transport cargo without polluting the environment.Inspired by the historic Finnish trading schooner Ingrid of the Aland Islands
More than 40 people were feared to have drowned in Mozambique's conflict-torn north after their boat sank, the administrator of an island district said on Tuesday.Almost 400,000 people have fled their homes in the northernmost province of Cabo Delgado, according to the World Food Programme.
The U.S. Army Corps of Engineers said on Tuesday it has identified three obstructions from Hurricane Delta that have to be removed before it can reopen the Calcasieu Ship Channel in Louisiana to deep draft vessels.The Army Corps, however, said it needs more data before it can estimate how long it will take to dredge the channel.