CK Hutchison's plan to sell most of its $22.8 billion ports business is unlikely to be finalised anytime soon, with political brinkmanship set to continue, and sources saying that a Sunday deadline for exclusive talks was likely to be extended.The Hong Kong conglomerate's plan to sell the business, which would include two ports along the strategically important Panama Canal
Descartes Systems Group has released its May Global Shipping Report which found that U.S. container imports decreased by 3.2% in April 2025, as trade uncertainty and geopolitical risks persist.In April 2026, U.S. container import volumes decreased by 3.2% over March to 2,277,965 twenty-foot equivalent units (TEUs). China-origin imports decreased 4.3% month-over-month and 15.
The Philippine Coast Guard has accused China of conducting illegal marine scientific research near the oil and gas-rich Reed bank within Manila's exclusive economic zone in the South China Sea, according to a statement on Thursday."We will continue to challenge any illegal activities that undermine our sovereignty and sovereign rights," PCG commandant Admiral Ronnie Gil Gavan said.
Oil prices rose on Thursday as doubts over a fragile two-week Middle East ceasefire raised concerns that energy flows through the crucial Strait of Hormuz will remain restricted.Brent crude futures LCOc1 were up $2.18, or 2.3%, at $96.93 a barrel at 0645 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 rose $3, or 3.18%, to $97.41 a barrel.
The outlook for the offshore support vessel (OSV) business has brightened considerably since the dark days of the previous decade and is possibly in a “Goldilocks moment” — not too weak and not too strong. While strengthening, it has not yet reached the point of significant new vessel ordering. Paradoxically, across maritime markets, observers are often concerned when exuberance gets out of hand.
For Major General Jason Kelly, Rebuilding and Maintaining the Nation’s Critical Waterway Infrastructure is personal.When Major General Jason Kelly reflects on his path to leading the United States Army Corps of Engineers’ (USACE) Civil Works mission, he doesn’t describe a straight line.
Oil prices rose Friday as market concerns persisted over ship attacks and seizures despite Iran saying about 30 vessels had passed through the Strait of Hormuz, while the U.S. and Chinese presidents were set for a second day of talks in Beijing.Brent crude oil futures LCOc1 rose 60 cents, or 0.57%, to $106.32 a barrel by 0100 GMT, while U.S.
GlobalMET, the international association of maritime education and training providers, has announced the appointment of Jillian Carson-Jackson as its new Managing Director.Carson-Jackson brings more than four decades of experience across maritime operations, regulation, policy and international standards.
In March 2020, Tekarara Kabangaki would receive news that would change the course of her life forever: her husband, Eritara Aati Kaierua, was found dead aboard the fishing vessel he was working on.Now, more than five years on, questions remain concerning his death and the subsequent investigation.
A sailboat collided with a barge near Hibiscus Island, Miami, on Monday leaving two dead.Miami Beach Fire Rescue crews were first on scene, and they were later joined by Miami-Dade Fire rescue, City of Miami Fire Rescue, Florida Fish and Wildlife Conservation Commission (FWC) and Coast Guard Station Miami Beach.
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has finalized its acquisition of the Rolls-Royce Naval Propulsors business.The milestone was celebrated at the newly acquired Pascagoula, Mississippi, foundry, where Governor Tate Reeves, Fairbanks Morse Defense CEO Steve Pykett
The U.S. issued Iran-related sanctions targeting more than 30 individuals and entities it said are part of a "shadow banking" network that has laundered billions of dollars through the global financial system, the Treasury Department said on Friday.The sanctions, which target Iranian nationals and some entities in the United Arab Emirates and Hong Kong, were announced as U.S.