Don’t hold your breath: OSG’s Sam Norton weighs in on Jones Act tanker replacement
High capital cost of US-built vessel is a key constraint
Dali Arrives in China to Begin Repairs Eight Months After Baltimore Allison
The containership Dali arrived without incident at China’s Fuzhou Port yesterday, November 13, after a nearly two-month voyage from Norfolk,…
Two Somali Pirates Get 30 Years in Prison for Kidnapping a Journalist
Two Somali pirate leaders have been sentenced to 30 years in federal prison for their role in kidnapping and holding…
Europe Parliament Calls for Crackdown on Russia’s Shadow Fleet
The members of the European Parliament on Thursday, November 14, overwhelmingly approved by a show of hands a new resolution…
Denmark Bans Scrubber Discharge While Working Toward a Baltic-North Sea Ban
Denmark is joining the growing list of countries placing a ban on the discharge of scrubber discharge into its territorial…
Fed’s Kugler says Fed has made good progress on achieving mandates
Federal Reserve governor Adriana Kugler said Thursday the central bank has made considerable progress in working to achieve its job…
ECB to cut interest rates further as prices converge towards goal, De Guindos says
The European Central Bank is on its path to cut interest rates further asrecent euro zone data show inflation is…
US weekly jobless claims fall; unemployment rolls shrink
The number of Americans filing new applications for unemployment benefits fell last week, suggesting the labor market continued to chug…
US producer prices rise as expected in October
U.S. producer prices picked up in October, lifted by higher costs for services like portfolio management and hospital outpatient care,…
Hapag-Lloyd sees possible pre-LNY cargo rush amid ‘very healthy’ demand
The carrier, which reported $1 billion in net profit for the third quarter, says the potential boost in volumes could…