The German government is considering support for Meyer Werft, one of the world's biggest cruise ship builders, an economy ministry spokesperson said on Wednesday, as the cash-strapped company mapped out hundreds of planned job cuts to stem costs.The government is considering federal assistance for Meyer Werft together with the state of Lower Saxony
The Panama Canal will increase the total number of vessels authorized to pass through the waterway to 34 per day following rains that have allowed water levels to recover, its authority said late on Monday.The new slots will be effective in July. The maximum draft for ships transiting the canal's largest locks will also be increased to 46 feet starting in mid June
Closer international cooperation between naval missions in the Red Sea has reduced the number of attacks by Yemen’s Houthis over the past week, Greek Shipping Minister Christos Stylianides told Reuters in an interview on Tuesday.Greece is the home of the headquarters of the European Union's naval operation in the Red Sea, which is dubbed "Aspides" and in Greek means "Shields".
President Joe Biden will announce in his State of the Union speech on Thursday that the U.S. military will construct a temporary port on Gaza's Mediterranean coast to receive humanitarian aid by sea, senior administration officials said.Planning for the operation, initially based on the island of Cyprus, does not envisage the deployment of U.S.
Shipping companies remain in the dark over a new international navy coalition being assembled by the United States to combat attacks in the Red Sea, with many vessels continuing to avoid the area or cancelling contracts, sources said on Wednesday.The sources, who include shipping and maritime security officials
The Pentagon said it was aware of reports regarding attacks on an American warship and commercial vessels in the Red Sea on Sunday, as Yemen's Houthi group claimed drone and missile attacks on two Israeli vessels in the area."We're aware of reports regarding attacks on the USS Carney and commercial vessels in the Red Sea and will provide information as it becomes available," the Pentagon said.
Russian crude oil producers are enjoying the cheapest costs to ship to refiners in China and India in almost a year thanks to a growing number of vessels plying the routes, according to trading and shipping sources.The arrival of new shippers working outside the purview of Western governments allows Russian firms to earn more than the $60 per barrel cap that the U.S.
The Biden administration on Friday unveiled a plan to phase down oil and gas auctions in federal waters with the release of a long-awaited leasing schedule that includes a maximum of three sales in the Gulf of Mexico through 2029.The Interior Department's plan includes by far the lowest number of sales since the agency began producing Congressionally-mandated five-year oil and gas leasing
The Biden administration's five-year plan for offshore oil and gas leasing will not include any sales in 2024 and will feature the lowest number of auctions in the history of the program in the four years to follow, according to three sources familiar with the matter.The schedule for leasing in the Gulf of Mexico and Alaska for 2024-2028 is due on Friday following several delays and months of
Wallenius Wilhelmsen, the world’s largest RoRo vessel operator, has signed a letter of intent for the delivery of four 9,350 CEU methanol-capable and ammonia-ready vessels and individual options for an additional eight vessels. The four vessels will be delivered from mid-2026 and onwards by Jinling Shipyard (Jiangsu).
The drought-hit Panama Canal has temporarily limited the number of new reserved passage slots to help ease a bottleneck of ships that are waiting to transit without reservations, the waterway's authority said on Thursday.A logjam of commercial vessels seeking to pass through the canal, one of the world's busiest trade passages
Three bulk carriers were robbed in the Singapore Strait earlier this week, a Singapore-based regional maritime security centre on Friday. One of the busiest commercial waterways in the world has seen a spike in piracy in recent years. The incidents of "petty crime" happened between Aug 8-9, when the ships were in the Phillip Channel in the Singapore Strait, said the Information Fusion Centre