The containership Ever Forward has been refloated after more than a month aground in the Chesapeake Bay, near the Port of Baltimore. The Hong Kong-registered vessel was freed around 7 a.m. on Sunday after running aground on March 13 while en route from Baltimore to Norfolk, Va.Salvors removed a portion of the nearly 5
U.S. President Joe Biden announced a ban on Russian oil and other energy imports on Tuesday in retaliation for the invasion of Ukraine, underscoring strong bipartisan support for a move that he acknowledged would drive up U.S. energy prices."We're banning all imports of Russian oil and gas energy," Biden told reporters at the White House. "That means Russian oil will no longer be acceptable in U.
Ukraine's military has suspended commercial shipping at its ports after Russian forces invaded the country, an adviser to the Ukrainian president's chief of staff said, stoking fear of supply disruption from the leading grain and oilseeds exporters.Russia earlier suspended the movement of commercial vessels in the Azov Sea until further notice
The Biden administration on Wednesday said it will fund $14 billion in projects to improve the country's ports and waterways in an effort to increase climate resilience, improve drinking water sources and bolster the U.S. supply chain.The funds, for fiscal year 2022, target more than 500 projects in 52 states and territories, including Florida's Everglades and the Port of Long Beach in California
China more than halved the volume of export quotas for refined fuel, predominantly gasoline, diesel and aviation fuel, under the first allotment for 2022, while raising the allowances for low-sulphur fuel oil by 30%, industry sources said on Tuesday.The deep cuts to refined fuel, largely expected by the market
The global shipping industry is on course to see its greenhouse gas emissions rise by around a fifth by 2050 if action including introducing a carbon levy on fuel is not taken, new research backed by industry leaders shows.With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions and the sector is under growing scrutiny to become cleaner.
Amazon.com Inc and IKEA are among commercial users of container shipping that will opt for zero-carbon marine fuels by 2040 in a new initiative aimed at speeding up decarbonization in the maritime sector, executives said on Tuesday.With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions and the sector is under growing scrutiny to
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
As many as 17 people were missing from a cargo ship that sank off the coast of Liberia over the weekend despite being barred from setting sail, the Maritime Commissioner said.The Liberian-registered Niko Ivanka left the capital Monrovia on Saturday for a port in the West African country's south, despite being under a detention order for failing to meet basic safety requirements.
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).