China's military exercises in the waters around Taiwan have prompted some ships to navigate around the Taiwan Strait and give the island a wide berth, disrupting key trading routes for cargo and commodities sailing around the world, analysts said.Angered by U.S. House of Representatives Speaker Nancy Pelosi's visit to Taiwan
Global port congestion is set to continue until at least early 2023 and keep spot freight rates elevated, logistics executives said on Wednesday, urging charterers to switch to long-term contracts to manage shipping costs.The COVID-19 outbreak has lengthened ship delivery times since 2020, pushing up freight costs
C-Job Naval Architects have designed a liquid hydrogen tanker that the company says will revolutionize the renewable energy market. "The tanker concept, developed in partnership with LH2 Europe, is a critical element in realizing a green end-to-end liquid hydrogen supply chain," C-Job Naval Architects said.
P&O Ferries on Tuesday rejected the British government's request to rehire 800 workers it fired without notice two weeks ago, saying that doing so would cause the company to collapse.P&O Ferries, an 180-year old company now owned by Dubai-based logistics group DP World, prompted an outcry from British government ministers
Britain's Maritime and Coastguard Agency (MCA) on Friday detained a ferry operated by P&O in Northern Ireland because it was not ready to sail, the agency and P&O said.The British government has already said it will take legal action over P&O Ferries' decision to fire 800 staff earlier this month with immediate effect.
The queues of container ships outside major Chinese ports are lengthening by the day as COVID-19 outbreaks in manufacturing export hubs threaten to unleash a fresh wave of global supply chain shocks, ship owners, logistics firms and analysts say.China is experiencing its biggest spike in COVID-19 infections since an initial outbreak in the central city of Wuhan was contained in early 2020.
About two dozen cases of COVID-19 have been recorded among the crew of an Australian warship expected to arrive in coronavirus-free Tonga on Wednesday to deliver humanitarian aid, Australian authorities said on Tuesday.Tonga, hit by a massive volcanic eruption and a tsunami on Jan.
European Commission proposals to bring shipping into the bloc's carbon market contain exclusions for small commercial and military vessels that would leave millions of tonnes of CO2 emissions unregulated, an NGO study showed on Thursday.With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions.
Nautilus Data Technologies (NDT) and Elliott Bay Design Group (EBDG) provide an interesting new twist to the maritime digitalization discussion, with the design, manufacture and delivery of an innovative 7MW data center housed on a refurbished 240-ft. deck barge. Jim Connaughton, CEO, NDT & Michael Complita, PE – VP Strategic Expansion, EBDG
U.S. lawmakers on Wednesday urged the Transportation Department to take action to address persistent allegations of rape, sexual assault, and sexual harassment made by midshipmen at the government's main school for merchant mariners.Lawmakers said a "toxic culture" had allowed sexual abuse to fester and go unchallenged at the U.S.
The Baltic Exchange's main dry bulk sea freight index extended its rally on Wednesday as robust demand and port congestion propelled the capesize index above 10,000 points for the first time in more than 13 years.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose 238 points, or 4.4%, to 5,647, its highest since September 2008.
The global oil tanker market faces another year of low earnings as the coronavirus pandemic and vaccine inequalities disrupt demand and producers limit output of crude, a shipping analyst said on Wednesday.The earnings of very large crude carriers (VLCCs) that carry the bulk of crude stand at about $10,000 a day, down from 2020 record highs of more than $240,000