Great Lakes Bulk Carrier Spills Diesel into Lake Michigan

A Unified Command consisting of the U.S. Coast Guard and other state and local agencies is coordinating a response to a diesel spill from a commercial vessel in Lake Michigan, approximately 1.5 nautical miles offshore of Manistee, Michigan. The spill was

Tanker Arrives in Yemen to Start Risky Oil Pumping Operation

Jul 16, 2023 (Bloomberg) –A United Nations oil tanker arrived in Yemen on Sunday to begin the risky operation of pumping over a million barrels of crude oil from a decaying tanker in danger of exploding and causing an environmental disaster. The Nautica

U.S. Container Imports Expected to Peak in August as Labor Disputes Pose Supply Chain Concerns

U.S. container imports are expected to peak in August at a little over 2 million TEUs before slowly backing off, according to the National Retail Federation‘s Global Port Tracker report. This comes as retailers are closely watching labor disputes that cou

Panama Canal Postpones Depth Restrictions After Much-Needed Rain

PANAMA CITY (Reuters) – The Panama Canal will postpone depth restrictions that were set to affect the largest ships crossing the key waterway, the canal authority said, after much-needed rain provided relief to the strained maritime passage.

MOL Completes Sea Trials of SpaceX’s Starlink Internet Service

Japanese shipping company MOL has completed sea trials of SpaceX’s Starlink broadband internet on board one of its vessels. The trial was conducted on board an MOL-operated car carrier and confirmed speeds of up to 50 times faster compared to conventiona

Taiwan Shipping Firms Set to Hand Out Bumper Bonuses Again

(Bloomberg) — Taiwanese shipping companies are handing out bumper mid-year bonuses despite a slump in global cargo as the industry continues to benefit from earlier pandemic gains.

CMA CGM Profit Eases as Container Transport Demand Wanes

PARIS, May 26 (Reuters) – CMA CGM expects its profit to ease further for the rest of the year after a first-quarter decline, as an uncertain economy and influx of new vessels cool the container shipping market after a record 2022. The company, based in M

National Maritime Day Opinion: U.S. Must Maintain its Merchant Marine Fleet to Protect Our Sovereignty

National Maritime Day, today, May 22, has come and gone over the years with little fanfare. The critical importance of our national maritime capability — both military and domestic — often is not fully appreciated, as it is easy to take for granted the se

Hapag-Lloyd Watching Costs as Container Market Normalizes

Hapag-Lloyd, one of the world’s leading container shipping companies, has reported its financial results for the first quarter of 2023, highlighting the impact of weak global demand on its performance. The company recorded an EBITDA of $2.4 billion (EUR

Macquarie Looking to Sell US Port Terminal Operator Ceres -Report

May 9 (Reuters) – Australia’s Macquarie Group Ltd is looking to sell its North American port facilities business, Ceres Terminals, for about $1 billion, the Wall Street Journal reported on Tuesday citing sources familiar with the matter. The financial c