Container shipping firm Evergreen Marine has this week ordered 24 container ships for a total price of up to ~$1.1 billion from CSSC Huangpu Wenchong Shipbuilding in China.In a Taiwan Stock Exchange announcement on Wednesday, Evergreen said the order comprised newly-built 1,800 TEU, 2,300 TEU, and 3,000 TEU container ships.
The Biden administration is considering ways to ensure the U.S. commercial fishing industry is paid for any losses it incurs from the planned expansion of offshore wind power in the Atlantic Ocean, according to state and federal officials involved in the matter, [Reuters reported in an exclusive on Thursday.
The operator of a giant cargo ship that blocked the Suez Canal in March said on Thursday that it would take more time for the vessel to be released from detainment while a final agreement with Egyptian authorities was being concluded.The Japanese owners and insurers of the ship were locked in a compensation dispute with the Suez Canal Authority (SCA)
The Panama Canal has increased the maximum allowable length for vessels transiting the Neopanamax Locks. Since May 21, the maximum length overall (LOA) for commercial and noncommercial vessels acceptable for regular transits of the Neopanamax Locks is 370.33 meters (1,215 feet), up from 367.28 meters (1,205 feet).
The United States' private shipyards support $42.4 billion in gross domestic product (GDP), a new report finds.The U.S. Department of Transportation’s Maritime Administration’s (MARAD) report, The Economic Importance of the U.S. Private Shipbuilding and Repairing Industry, measures the economic importance of the shipbuilding and repair industry at the national and state levels for calendar year
The cargo vessel that blocked global shipping in the Suez Canal and is caught in a legal dispute in Egypt is fit to sail once approval is given, its technical manager said on Wednesday.The Ever Given was declared suitable for onward passage from the Great Bitter Lake to Port Said, where she would be assessed again before departing for Rotterdam
Shipping was on the move again late on Monday in Egypt's Suez Canal after tugs refloated a giant container ship which had been blocking the channel for almost a week, causing a huge build-up of vessels around the waterway.With the 400-meter-long (430-yard) Ever Given dislodged, 113 ships were expected to transit the canal in both directions by early Tuesday morning
A massive container ship blocking Egypt's Suez Canal for nearly a week has been partially refloated, the Suez Canal Authority (SCA) said on Monday, raising hopes the busy waterway will soon be reopened for a huge backlog of ships.The 400-meter (430-yard) long Ever Given became jammed diagonally across a southern section of the canal in high winds early last Tuesday
A containership blocking the Suez Canal like a "beached whale" may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a new setback for global trade.The 400-meter Ever Given, almost as long as the Empire State Building is high
Fourteen U.S. states including Louisiana and Wyoming filed suits on Wednesday against President Joe Biden's administration to challenge his pause on new oil and gas leasing on federal lands and waters.The legal actions, which seek to restore regular federal drilling auctions, come a day before the administration is set to launch a review of the oil and gas leasing program.
The shortest shipping route from Europe to Asia remained blocked on Wednesday as 10 tug boats struggled to free one of the world's largest container ships after it ran aground in the Suez Canal.The 400-metre, 224,000-tonne Ever Given ran aground on Tuesday morning after losing the ability to steer amid high winds and a dust storm, the Suez Canal Authority (SCA) said in a statement.
There are many hallmarks of great civilizations, but perhaps none so universal as their desire to push the boundaries of human achievement through innovation. A key source of American pride has always been our ability to dream big. When it comes to ships, there is no more powerful example of this than the SS United States.