A U.S. national security review has raised concerns about a takeover by China’s COSCO Shipping Holdings Co of a large container terminal in Long Beach, California, the Wall Street Journal reported on Friday.The terminal is part of COSCO’s planned…
US Questions COSCO’s Long Beach Terminal Takeover Read More »
A Dutch flagged product tanker has reportedly discharged 2,600 gallons of heavy fuel oil into the Mississippi River near Norco, La., Monday. The cause of the spill is under investigation.The U.S. Coast Guard said it is responding to the incident…
Tanker Spills Oil in Louisiana Read More »
The U.S. Navy commission its newest amphibious transport dock ship during a ceremony Saturday, April 21, at the Port of Portland, Marine Terminal 2 in Portland, Ore.Built by Ingalls Shipbuilding in Pascagoula, Miss., USS Portland (LPD 27) is…
USS Portland Commissioned Read More »
U.S. supplies to Europe set for all-time high in April; on course to overtake Russia, Saudi. As OPEC’s efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits – and flooding Europe with a record amount of crude.
Trump’s Revenge: US Oil Floods Europe, Hurting OPEC, Russia Read More »
The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday to near 15-week highs, boosted by rising rates for capesize vessels. The overall index, which factors in rates for capesize…
Baltic Index Near 15-week High Read More »