Strong consumer spending drives another import upgrade from US retailers
The National Retail Federation has once again increased its forecast for imports into the 2024 peak shipping season, saying consumer…
MPV carrier Intermarine broadens focus to bulk shipping
The Houston-based company expands to 30 vessels as it takes on management of six Harren Group bulkers and adds two…
Container Fleet Adds Record Capacity as Orders Become Deliveries
The global containership fleet continues to experience record capacity growth in the number of TEU capacity added to the fleet…
Video: Philippine and US Forces Sink Tanker in S. China Sea Exercise
On Wednesday, forces from the U.S., Australia and the Philippines sank a decommissioned product tanker to test out their equipment…
Russia warns of ‘enormous danger’ if NATO sends troops to Ukraine
Russia said on Wednesday that sendingNATO troops intoUkraine would potentially be extremely dangerous, and Moscow was closely watchinga Ukrainian petition…
Morgan Stanley pushes Fed rate cut expectation to September from July
Morgan Stanley said it now expects the U.S. Federal Reserve to start lowering interest rates from September, compared to its…
German economy likely to stagnate in 2024, IW forecasts
Germany’s economy will stagnate in 2024 despite a stronger than expected start to the year, and will continue to lag…
US wholesale inventories drop by unrevised 0.4% in March
U.S. wholesale inventories fell in March, confirming that inventory investment was a drag on economic growth in the first quarter.…
Fed’s Collins says economy may need to weaken to get 2% inflation
Federal Reserve Bank of Boston President Susan Collins said on Wednesday that the U.S. economy needs to cool off as…
MSTS Vessel Grounded While Navigating as Master Left the Bridge for a Meal
A master’s decision to leave the bridge of his ship while it was maneuvering and a failure to follow navigational…