The United States could soon offer to put armed sailors and Marines on commercial ships traveling through the Gulf’s Strait of Hormuz, two U.S. officials said on Thursday, amid alleged attempts by Iran to hijack ships in international waters.The…
US Could Offer Armed Troops to Commercial Vessels in Strait of Hormuz Read More »
France-based CMA CGM, the world’s third largest shipping container company, will pay $165,000 in penalties as part of its settlement with the U.S. Environmental Protection Agency (EPA) over claims of violations of EPA’s Vessel General Permit issued und…
CMA CGM Settles with US EPA over Alleged Dumping Violations Read More »
Shipments of iron ore and limestone on the Great Lakes rose in the month of July, according to latest figures published by trade group the Lake Carriers’ Association (LCA).Shipments of iron ore on the Great Lakes totaled 5.8 million tons in July…
Great Lakes Iron Ore, Limestone Trades On the Rise Read More »
Ship owners gravitated towards more tanker acquisitions, than bulker ones, during the first six months of 2023. In its latest weekly report, shipbroker Xclusiv said that “the second quarter of the year has come to an end, and it is time to do a quick r…
More Tankers, Less Bulkers Were Bought in the S&P Market During the First Half of 2023 Read More »
A downturn in trade and mass disposal of surplus equipment will lead to a 2% contraction in the global container equipment pool in 2023. But a recovery thereafter will drive expansion of the fleet with most of this investment coming from lessors, raisi…
Carrier reliance on leased container fleet to support higher per diems and cash returns Read More »