The $800,000-per-voyage question: Will shipping face combined IMO and EU carbon costs?
If applied together at currently planned level, EU regulations make up 62% of carbon costs on transatlantic route
USS Truman Returns Home After “Most Combat-Intensive Mission” in Decades
USS Harry S. Truman and her carrier group pulled into Norfolk, Virginia on June 1 ending what the U.S. Navy…
Pirates Board Cargo Ship and Abduct One Injured Crewmember
Another cargo ship has been attacked in a violent incident of piracy off the coast of West Africa between Nigeria…
Turkey’s First FPSO Arrives in the Black Sea
Turkey’s first floating production, storage, and offloading (FPSO) vessel, Osman Gazi, arrived in the Black Sea over the weekend, where…
UK Pledges to Double Nuclear Attack Submarine Force
A Strategic Defence Review (SDR) commissioned by the British government and to be published on June 2 has set a…
Marubeni Announces Stake in Gearbulk Ending Jebsen’s Family 57 Year Control
Norwegian shipowner Kristian Jebsen and his family have reached an agreement with will complete their exit from Gearbulk, a company…
Global uncertainty to erode ocean carrier profits in 2025
Ocean carrier profits this year are expected to be less than half of what they were in 2024 amid an…
Asia-Europe ocean rates spike on congestion, capacity shift
Labor shortages and low water levels in Europe are intensifying persistent port bottlenecks, while the trans-Pacific demand is pulling vessels…
What Wall Street might be missing on Nvidia
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