ocean shipping News Updates

Government, Business, Technology, Fuel, Logistics, Perspective

Perspective: Green Shipping on the Big Blue Sea

Shipping companies are taking steps to adapt to rising sea levels and make themselves greener.

January 7, 2020
Government, Business, Fuel

Shipping Industry Proposes Fund to Tackle Carbon Emissions

BERLIN — A global shipping industry organization is proposing a research and development program to help cut carbon dioxide emissions, funded by about $5 billion from shipping companies over a decade.

December 18, 2019
Business, Fuel

Energy Experts Remain Cautious About Price Hikes as IMO Mandate Looms

The price of low-sulfur diesel is expected to surge in the near future as a mandate that cargo ships dramatically cut sulfur emissions takes effect.

October 23, 2019
Business, Logistics

Iceland Builds Arctic Port as Global Shipping Routes Get Redrawn

As global warming creates shipping routes that can cut across the northern tip of the planet, a new port is being built on the fringe of the Arctic circle.

April 11, 2019
Business, Logistics

Maersk Tests Biofuel as It Sets Sail for 2050 Carbon Neutrality

A.P. Moller-Maersk A/S is about to conduct the shipping industry’s biggest test yet of biofuel as it seeks to cut emissions and meet its target of becoming carbon-neutral by 2050.

March 22, 2019
Business, Logistics

Yilport Said to Be in Talks for $2 Billion California Terminal

Turkey’s Yilport Holding AS is in advanced talks to buy a container terminal in Long Beach, Calif., a deal that would value the facility at close to $2 billion, people with knowledge of the matter said.

March 22, 2019
Government, Business, Fuel

Shipping Lobby Proposes Phased Start to Historic Fuel Change

The shipping industry is pressing for a phased start when new rules governing vessel fuel take effect in less than 16 months’ time.

September 25, 2018
Business, Equipment

Steamship Line Hapag-Lloyd Raises Fees

Steamship line Hapag-Lloyd will increase fees to transport freight to the United States and cross-border freight from Canada. Cargo between Canada and the United States will be subject to a carbon tax.

February 20, 2018
Business

Ocean Freight Industry Stabilized in 2017, Freightos Says

The ocean freight industry stabilized in 2017, with rates remaining relatively steady after the turmoil of 2016 from the bankruptcy of Hanjin Shipping Co., according to a report from online freight marketplace Freightos.

January 24, 2018
Business

Port Everglades Sets Record for Cargo Volumes

Florida’s Port Everglades set a record for containerized cargo volumes for fiscal 2017 ending Sept. 30, reporting 1,076,893 TEUs, the standard 20-foot-equivalent container units, a 4% increase from fiscal 2016.

November 6, 2017