French shipping and logistics company CMA CGM said on Thursday that its ship "Benjamin Franklin" had lost 44 containers in difficult weather conditions off the coast of South Africa on Tuesday."No injury to the crew has been reported, no pollution, no strong damage to the vessel which remains fully seaworthy," the company said, adding that 33 additional containers had been damaged.
U.S. Senator Tammy Baldwin (D-WI) is applauding the newly released report from the United States Trade Representative outlining how China has used unfair trade practices to undercut American shipbuilding, hurting American workers, businesses, and national security.Senator Baldwin called on the administration to fight China’s unfair trade practices
Artemis Technologies, a world leader in commercial efoiling vessels, today released its Future of Sustainable Transit Report.Conducted by accredited third-party research firm, Censuswide, this report features insights from 2,000 Americans on their key grievances regarding public transit and the changes they are hoping to see in their cities when it comes to more sustainable modes of
I moved to the United States in 1976. It was an interesting time because the United States had recently enacted laws that were intended to improve the country’s air, water, and wild life.Instead of specific archaic environmental laws that, for example, outlawed dumping dead horses into the Hudson River
In a well-timed decision given the current situation in the Red Sea and Gulf of Aden, the UK Supreme Court recently handed down judgment in Herculito Maritime Ltd v Gunvor International BV [2024] UKSC 2, a decision that arose from seizure of a ship by Somali pirates.Key factsThe vessel MT Polar was chartered to carry a cargo of fuel oil from St Petersburg to Singapore.
New Zealand’s Transport Accident Investigation Commission (TAIC) has released an interim report into the grounding of the passenger ferry Aratere in Titoki Bay, Picton, on June 21, 2024, citing lack of knowledge about the steering system.The Aratere had been in service for about 26 years, and in May 2024
VesselsValue has released its Q4 2024 Market Outlook indicating a forecast period up to 2027 which suggests a mixed outlook across different vessel types.The company anticipates that orders for bulkers and tankers will gain momentum, while demand for containers and LNG/LPG vessels will decline.
Ocean freight container shipping spot rates are set to exceed the level seen at the height of the Red Sea crisis when the latest round of increases hit the market on June 1, according to the latest data released by Xeneta.Peter Sand, Xeneta Chief Analyst, said: “The ocean freight container shipping market has seen rapid and dramatic increases during May and that is set to continue with further
U.S. Senator Kirsten Gillibrand earlier this month stood with local leaders and environmental advocates at Albany City Hall to demand that the Environmental Protection Agency (EPA) take additional action to clean up polychlorinated biphenyl (PCB) “forever chemicals” in the Hudson River.PCBs are toxic manmade chemicals that can linger in water and soil for decades.