The world's biggest container shipping company, A.P. Moller-Maersk, on Monday lifted its full-year earnings outlook after reporting strong preliminary quarterly results as chaotic conditions in the global supply chain pushed freight rates higher.In the wake of the coronavirus pandemic
There could be a shortage of merchant sailors to crew commercial ships in five years if action is not taken to boost numbers, raising risks for global supply chains, a report said on Wednesday.The shipping industry is already struggling with crewing shortfalls due to the coronavirus pandemic, a situation that will exacerbate expected labour supply problems over the next few years
A cyber attack has disrupted container operations at the South African port of Cape Town, an email seen by Reuters on Thursday said.Durban, the busiest shipping terminal in sub-Saharan Africa, was also affected, three sources with direct knowledge of the matter told Reuters.Cape Town Harbour Carriers Association said in an email to members
The U.S. Coast Guard medevaced a man from the CL Yingdu tanker, around 223 miles southeast of Cape Hatteras, North Carolina on Saturday. Watchstanders from the U.S. Coast Guard Fifth District command center received notification that a man aboard the CL Yingdu (Ex-Maersk Tianjin) was suffering from an eye injury and needed medical attention. The command center consulted with a U.S.
President Joe Biden will soon order U.S. transportation agencies to crack down on anti-competitive conduct and unjust fees in the rail and sea shipping industries to try to lower costs to consumers, the White House said on Thursday.It said his executive order is aimed at the Federal Maritime Commission (FMC) and the Surface Transportation Board (STB).
The Biden administration granted oil refiner Citgo Petroleum a maritime shipping waiver allowing it to move fuel between U.S. ports on a foreign flagged vessel, two sources told Reuters on Friday, making it the second company to secure one this week.The waivers are intended to help ease distribution of fuel after a major pipeline serving the U.S.
The U.S. Transportation Department has completed its assessment of what ships are available to carry petroleum products from the Gulf to the Eastern Seaboard and is ready to review any Jones Act waiver requests, the White House said on Wednesday after a ransomware attack on Colonial Pipeline disrupted supplies.The Jones Act requires goods moved between U.S.
A 760-foot car carrier vessel ran aground in the Chesapeake Bay, on Tuesday, the U.S. Coast Guard said.Watchstanders at Coast Guard Sector Virginia received a report that the Norwegian-flagged Tirranna ran aground near the Cape Charles Anchorage at approximately 3:30 a.m. The vessel was heading southbound on its way from Baltimore to Savannah, Ga.
A 2019 fire on board a laid up towboat was likely caused by a catastrophic engine failure, the National Transportation Safety Board (NTSB) found.The Susan Lynn was docked and in layup at Tom’s Marine & Salvage yard on the Barataria Waterway in Lafitte, La., when the blaze broke out in the engine room on the morning of October 8, 2019, causing an estimated $1,350
France has offered Italian shipbuilder Fincantieri's a one-month extension to its planned acquisition of French rival Chantiers de l'Atlantique, the finance ministry said in a statement sent to Reuters on Wednesday.State-controlled Fincantieri has accepted the proposal, a spokesman said.
A Gibralter-flagged car carrier rescued three Canadian mariners from their disabled sailing vessel in heavy seas of the North Atlantic Ocean on Saturday.Watchstanders at the U.S. Coast Guard's 5th District Command Center received notification from the Bermuda Rescue Coordination Center that a personal locator beacon was activated
CMA CGM, the world’s fourth-largest container shipping group, said it has restored its online business services after a cyber attack last month paralyzed activity.France-based CMA CGM first reported the incident on September 28, saying it had shut down access to its online services after malware targeted its peripheral servers.